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Semler Scientific, Inc. (Nasdaq: SMLR) is an innovative medical risk-assessment company focused on developing, manufacturing, and marketing diagnostic and testing products that enhance patient care while bridging the gap between the cost of care and its compensation. Listed on Nasdaq since February 26, 2014, Semler operates primarily in the United States, offering proprietary technology solutions that improve clinical effectiveness and efficiency for healthcare providers, insurance plans, and risk assessment groups.
Semler's flagship product, QuantaFlo®, is a rapid, in-office test for measuring arterial blood flow in the extremities. This four-minute test aids in diagnosing peripheral arterial disease (PAD) and heart dysfunction (HD). QuantaFlo® is FDA-cleared and is employed by healthcare providers to evaluate patients' risks of mortality and major adverse cardiovascular events (MACE).
Beyond QuantaFlo®, Semler Scientific has made strategic alliances and investments to expand its product portfolio. The company has an exclusive marketing and distribution agreement with Mellitus Health, Inc. for Insulin Insights™, an FDA-cleared software product that recommends optimal insulin dosing for diabetic patients. Additionally, Semler holds minority investments in Mellitus, Monarch Medical Technologies LLC (developer of EndoTool® for inpatient glycemic management), and SYNAPS Dx.
In the latest financial results for Q3 2023, Semler reported consistent growth in quarterly revenue and pre-tax net income, predominantly from QuantaFlo® sales. The company continues to focus on expanding its business into heart dysfunction diagnosis.
Semler has also recently adopted Bitcoin as its primary treasury reserve asset, reflecting a strategic move to leverage the digital currency for long-term value and as a hedge against inflation. As of June 6, 2024, the company holds 828 bitcoins, underscoring its commitment to this innovative investment strategy.
More detailed information about Semler Scientific, its products, and investment strategies can be found on their website.
Semler Scientific (SMLR) reported strong financial results for Q3 and nine months ending September 30, 2021. Revenues reached $14.0 million, a 30% increase year-over-year, with a pre-tax net income of $5.3 million, down 6% compared to last year. For the nine months, revenues surged 56% to $41.5 million, with total net income rising 82% to $15.7 million. Despite a sequential decline in fee-per-test revenue attributed to the Delta variant, the company remains profitable and expects ongoing revenue growth. Cash reserves improved to $35.9 million.
Semler Scientific, Inc. (Nasdaq: SMLR) announced it will release its financial results for Q3 and the first nine months of 2021 after U.S. markets close on November 1, 2021. CEO Doug Murphy-Chutorian will host a conference call at 4:30 PM ET, joined by senior finance and marketing executives. Participants can pre-register for the call and access it via phone if unable to register online. Semler specializes in technology solutions for healthcare providers, notably with its FDA-cleared QuantaFlo® product for diagnosing peripheral arterial disease.
Semler Scientific, Inc. (SMLR) announced CEO Doug Murphy-Chutorian and CMO Dennis Rosenberg's participation in several virtual investor conferences in September 2021. The events include the Colliers 2021 Institutional Investor Conference on September 9, H.C. Wainwright & Co. 23rd Annual Global Investment Conference on September 13, and the 2021 Best Ideas Growth (BIG5) Conference on September 14-15. Semler provides technology solutions to enhance healthcare provider effectiveness and offers the QuantaFlo® test for diagnosing peripheral arterial disease.
Semler Scientific (OTCQB: SMLR) reported a significant financial uplift for Q2 and H1 2021. Revenues surged to $14.3 million, marking a 125% increase from $6.4 million year-over-year. Net income also rose sharply by 522% to $6.7 million, with earnings per share reaching $1.00. The company holds $28.5 million in cash and aims for continued profitability and growth in the expanding peripheral arterial disease (PAD) testing market.
Semler Scientific, Inc. (SMLR) announced it will report its financial results for the second quarter and first half of 2021 on August 2, 2021, after U.S. markets close. The conference call will be hosted by CEO Doug Murphy-Chutorian at 4:30 PM ET, alongside senior finance and marketing executives. Semler focuses on technology solutions to enhance healthcare efficiency, having launched QuantaFlo®, a point-of-care test for diagnosing peripheral arterial disease. This test helps evaluate patient risk for heart attacks and strokes, aligning with Semler's mission to support better patient care.
Semler Scientific, Inc. (OTCQB: SMLR), based in Santa Clara, California, announced that CEO Doug Murphy-Chutorian and CMO Dennis Rosenberg will present an overview at the Raymond James Human Health Innovation Conference on June 22, 2021, at 12:00 pm ET. A live webcast of the presentation will be available on the company's website under "Events and Presentations". Semler focuses on technology solutions that enhance healthcare efficiency, including its FDA-cleared product, QuantaFlo®, designed for diagnosing peripheral arterial disease.
Semler Scientific (SMLR) reported a strong Q1 2021 with revenues of $13.2 million, up 40% from Q1 2020's $9.4 million. The company achieved a 74% increase in pre-tax net income to $6.0 million, translating to $0.73 per basic share. Cash reserves rose to $26.5 million, marking a substantial $15.3 million increase. Future growth is anticipated as Semler enters a distribution agreement worth $2.0 million for product inventory. The company aims to outpace expense growth while maintaining profitability.
Semler Scientific, Inc. (OTCQB: SMLR) announced it will report its first-quarter financial results for 2021 on May 3, 2021, after market close. A conference call will be hosted by CEO Doug Murphy-Chutorian at 4:30 PM ET the same day, alongside senior financial executives. Semler focuses on technology solutions to enhance healthcare provider efficiency and has a history of FDA-cleared products like QuantaFlo®, which helps assess cardiovascular risks. This upcoming announcement may provide insights into the company’s financial health and future outlook.
Semler Scientific, Inc. (OTCQB: SMLR) announced that CEO Doug Murphy-Chutorian and CMO Dennis Rosenberg will present at the 20th Annual Needham Virtual Healthcare Conference on April 13, 2021, at 4:30 pm ET. They will also engage in one-on-one calls with investors. A live webcast will be accessible under the "Events and Presentations" section of the Semler Scientific website. The presentation will be archived for 90 days.
Semler specializes in technology solutions for healthcare providers, focusing on chronic disease evaluation and management, including its FDA-cleared product QuantaFlo®.
Semler Scientific (SMLR) reported strong financial results for the year ended December 31, 2020. Revenues rose to $38.6 million, reflecting an 18% increase from $32.8 million in 2019. Pre-tax net income surged 54% to $16.5 million with a 43% margin. However, net income fell 7% to $14.0 million due to a prior year's tax benefit. The company’s cash position improved significantly, reaching $22.1 million. Looking to 2021, Semler anticipates continued profitability amid challenges posed by COVID-19 regulations.
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