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NeuroOne Medical Technologies Corporation - NMTC STOCK NEWS

Welcome to our dedicated page for NeuroOne Medical Technologies Corporation news (Ticker: NMTC), a resource for investors and traders seeking the latest updates and insights on NeuroOne Medical Technologies Corporation stock.

NeuroOne Medical Technologies Corporation (symbol: NMTC) is a cutting-edge medical technology company based in Eden Prairie, Minnesota. The company specializes in the development and commercialization of innovative thin-film electrode technology designed for continuous electroencephalogram (cEEG) and stereoelectroencephalography (sEEG) recording, brain stimulation, and ablation solutions. These technologies are particularly beneficial for patients suffering from a variety of brain-related disorders, including epilepsy, Parkinson's disease, dystonia, and essential tremors.

NeuroOne's core business revolves around creating comprehensive neuromodulation solutions that integrate cEEG and sEEG recording, monitoring, brain stimulation, and ablation. This focus has led to notable advancements such as the Evo® sEEG system, which is the first FDA-cleared thin-film sEEG-guided RF system capable of both recording electrical activity and ablating nervous tissue, with the added benefit of temperature control.

The company is actively involved in various exciting projects and partnerships. One of their key initiatives is the Drug Delivery Program, which is expected to achieve several important milestones in the near future. Additionally, NeuroOne is continuously enhancing its product portfolio to better serve its target patient population.

Financially, NeuroOne has provided promising updates for the second quarter of the fiscal year 2024. The company’s recent business highlights include significant progress in their OneRF™ Ablation System and Spinal Cord Stimulation Program. Investors and interested parties can access more detailed financial results and updates through their quarterly conference calls and webcasts.

For more information or to get in touch with NeuroOne, please contact them at 800-631-4030 or email ir@nmtc1.com.

News

NeuroOne Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

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NeuroOne Medical Technologies Corporation (NMTC) announces an equity award under the Inducement Plan to a new employee, granting 65,000 shares at $1.07 per share. The award vests over ten years, with 25% vesting after one year and the rest quarterly.
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NeuroOne® Reports First Quarter Fiscal Year 2024 Financial Results and Provides Corporate Update

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NeuroOne Medical Technologies Corporation (NMTC) reports strong financial results for Q1 FY 2024, with product revenue of $978,000, a significant increase from $115,000 in Q1 FY 2023. The company raised $2.8 million through an ATM Offering and received FDA clearance for its OneRF™ Ablation System. The CEO highlighted positive customer feedback for Evo® sEEG and strategic advancements in other programs. Despite the net loss of $3.3 million, the company remains optimistic about future milestones and commercial launches.
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NeuroOne® to Report First Quarter Fiscal Year 2024 Financial Results and Provide Corporate Update on February 13

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NeuroOne Medical Technologies Corporation (NMTC) will host a conference call and webcast on February 13, 2024, to discuss its financial results for the first quarter of fiscal year 2024 and provide a corporate update.
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NeuroOne® Reports Fiscal Fourth Quarter and Full Fiscal Year 2023 Financial Results and Provides Corporate Update

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NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announces fiscal fourth quarter and full fiscal year ended September 30, 2023 results. Q4 2023 product revenue of $742,000, up from $69,000 in Q4 2022. Full-year product revenue of $1,952,000, up from $171,000 in FY 2022. Completed $6M capital raise in July 2023. FDA clearance for OneRF Ablation System in December 2023.
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NeuroOne® Receives FDA 510(k) Clearance to Market its OneRF™ Ablation System

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NeuroOne Medical Technologies Corporation (NMTC) receives FDA 510(k) clearance for its OneRF Ablation System, the first FDA-cleared thin-film, sEEG-guided RF system capable of recording electrical activity and ablating nervous tissue with temperature control. The company targets a commercial launch in the first half of 2024, aiming to transform neurosurgery procedures and improve patient outcomes. The OneRF Ablation System is the company's third FDA 510(k)-cleared device, expanding its line of electrode technology to address patients requiring diagnostic brain mapping procedures as well as RF ablation using the same sEEG electrode. The current brain ablation market is estimated to be at least $100M worldwide and growing rapidly, with the potential to grow multifold based on large addressable patient populations with unmet clinical needs.
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NeuroOne® to Report Fourth Quarter and Fiscal Year 2023 Financial Results and Provide Corporate Update on December 14

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NeuroOne Medical Technologies Corporation (NMTC) to discuss Q4 and fiscal year 2023 financial results and corporate update
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NeuroOne® Announces Patent Allowance for Drug Delivery Utilizing a Novel Neural Probe

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NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced that the USPTO issued a Notice of Allowance for a patent covering novel electrodes that can deliver a treatment agent to a patient's brain. The company's patent portfolio includes two other allowed patent applications, one issued U.S. patent, eight pending U.S. applications, and several foreign applications covering thin-film electrode technologies. CEO Dave Rosa highlighted the importance of these allowances in advancing the company's efforts to partner with biopharma companies for combination devices.
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NeuroOne® Appoints Medtech Executive Christopher R. Volker as Chief Operating Officer and Reports Inducement Grant Under Nasdaq Listing Rule 5635(c)(4)

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NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced the appointment of Christopher R. Volker as Chief Operating Officer, strengthening the management team. Mr. Volker brings extensive experience from Abbott Laboratories and Cardiovascular Systems, Inc., with a focus on international commercial expansion and therapy development. The company also disclosed an equity award under the Inducement Plan for Mr. Volker.
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NeuroOne® Provides Progress Update on FDA 510(k) Submission for OneRF™ Ablation System

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NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) responded to FDA questions on its OneRF Ablation System, expecting feedback in 30 days. The system offers transformative improvement in neurosurgery, combining diagnostic and therapeutic capabilities with potential cost reduction.
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NeuroOne® to Present at the ThinkEquity Conference on October 19, 2023

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NeuroOne Medical Technologies to present at ThinkEquity Conference
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FAQ

What is the current stock price of NeuroOne Medical Technologies Corporation (NMTC)?

The current stock price of NeuroOne Medical Technologies Corporation (NMTC) is $0.7582 as of December 20, 2024.

What is the market cap of NeuroOne Medical Technologies Corporation (NMTC)?

The market cap of NeuroOne Medical Technologies Corporation (NMTC) is approximately 23.1M.

What does NeuroOne Medical Technologies Corporation focus on?

NeuroOne focuses on developing and commercializing thin-film electrode technology for cEEG and sEEG recording, brain stimulation, and ablation solutions.

Where is NeuroOne Medical Technologies Corporation based?

The company is based in Eden Prairie, Minnesota.

What disorders does NeuroOne's technology address?

Their technology addresses brain-related disorders such as epilepsy, Parkinson's disease, dystonia, and essential tremors.

What is the Evo® sEEG system?

The Evo® sEEG system is an FDA-cleared thin-film sEEG-guided RF system that can record electrical activity and ablate nervous tissue with temperature control.

What are some of NeuroOne's current projects?

Current projects include the Drug Delivery Program and the OneRF™ Ablation System, among others.

How can I contact NeuroOne Medical Technologies Corporation?

You can contact them at 800-631-4030 or email ir@nmtc1.com.

What recent financial updates has NeuroOne provided?

In the second quarter of fiscal year 2024, NeuroOne reported progress in the OneRF™ Ablation System and Spinal Cord Stimulation Program.

What type of medical technology does NeuroOne specialize in?

NeuroOne specializes in neuromodulation technology, particularly thin-film electrode technology for cEEG and sEEG recording, brain stimulation, and ablation.

What is the significance of the FDA clearance for NeuroOne's technology?

The FDA clearance for the Evo® sEEG system signifies the approval and safety of the technology for medical use, affirming its efficacy in recording electrical activity and ablating nervous tissue.

Where can I find more detailed financial results and updates about NeuroOne?

Detailed financial results and updates can be accessed through quarterly conference calls and webcasts organized by the company.

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NeuroOne Medical Technologies Corporation

Nasdaq:NMTC

NMTC Rankings

#5239 Ranked by Market Cap
N/A Ranked by Dividends

NMTC Stock Data

23.13M
25.58M
16.02%
19.43%
0.35%
Medical Devices
Surgical & Medical Instruments & Apparatus
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United States of America
EDEN PRAIRIE