NeuroOne Medical Technologies Corporation - NMTC STOCK NEWS

NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced successful completion of initial bench top testing on its thin film electrode technology, showing potential for chronic stimulation use over approximately 5 years. The tests confirmed the electrodes' durability and performance at higher stimulation levels. CEO Dave Rosa highlighted the opportunity for expansion into treatment areas like epilepsy and chronic back pain. The market potential for related technologies is estimated at over $10 billion. The company is advancing its electrode technologies for various neurological disorders.

NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced its Q1 fiscal 2022 results, reporting product revenue of $34,000, down from $71,000 in Q1 2021. Collaboration revenue also decreased from $22,000 to $6,000. Operating expenses rose to $2.8 million, with a net loss of $2.8 million, compared to $2 million the previous year. The company strengthened its financial position through a public offering, generating $13.35 million. Key developments include FDA clearance requests for its Evo sEEG Electrode, with expected commercial readiness and milestone payments from Zimmer Biomet.

NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) announced successful pre-clinical long-term testing of its thin film electrode technology, showing reliability in recording electrical activity for over 5 years. The accelerated aging tests confirmed the electrodes' ability to withstand environmental challenges, a key issue in neurotechnology. CEO Dave Rosa highlighted the potential for these electrodes in treating conditions like epilepsy and Parkinson's disease, and the company aims to explore research market opportunities and strategic partnerships in this field. NeuroOne's therapeutic electrode technologies target over $10 billion in addressable markets.

NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) will host a conference call on February 14, 2022, at 4:30 PM Eastern Time to discuss its first-quarter fiscal results for 2022, which ended on December 31, 2021. This call is part of the company’s commitment to improving surgical care for patients with neurological disorders. Interested parties can access the call via toll-free numbers or the provided webcast link.

NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) has appointed Chad Wilhelmy as Vice President of Quality Control and Regulatory Affairs. With 20 years of experience in the medical device industry, Wilhelmy aims to enhance the company's quality systems and regulatory foundations. As part of his employment, he received an option to purchase 50,000 shares at an exercise price of $1.95 per share. CEO Dave Rosa expressed confidence in Wilhelmy's experience to support the company's growth, focusing on improving surgical care for neurological disorders.

NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) is featured on The Medical Alley Podcast, highlighting their innovations in neurological care. CEO Dave Rosa discusses the company's development of high-definition film electrodes aimed at treating conditions like epilepsy. The podcast aims to enhance public awareness about NeuroOne's commitment to improving surgical options and outcomes for patients with neurological disorders.

NeuroOne Medical Technologies Corporation (Nasdaq: NMTC) reported its fourth quarter and full fiscal year 2021 financial results. The Company achieved product revenues of $48,000 and $178,000 for the quarter and year, respectively, compared to no product revenue in the prior year. Notably, collaboration revenue declined significantly to $5,000 for Q4 and $65,000 for the full year from $1.9 million in FY 2020. Operating expenses totaled $10.2 million for the year, resulting in a net loss of $9.9 million. The Company closed a public offering, raising $13.35 million to support product launches.

NeuroOne Medical Technologies Corporation (NASDAQ: NMTC) will host a conference call on December 15, 2021, at 9:00 AM Eastern Time to discuss its financial results for the fourth quarter and fiscal year ended September 30, 2021. Interested participants can call 888-506-0062 (toll-free) or 973-528-0011 (international) with access code 527216. The call can also be accessed through a webcast, with replay available post-event.

NeuroOne Medical Technologies Corporation (Nasdaq: NMTC) announced a public offering of 3,750,000 shares of common stock priced at $3.20 per share. The offering is expected to yield approximately $12.0 million in gross proceeds before expenses and is scheduled to close by October 15, 2021. The company has granted underwriters a 30-day option to purchase an additional 562,500 shares. Proceeds will be utilized for working capital and general corporate purposes. The offering is made under the effective shelf registration statement filed with the SEC.