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Tivic Health Systems, Inc. (NASDAQ: TIVC) is a pioneering health technology company dedicated to transforming bioelectronic medicine. Our core mission is to develop and commercialize non-invasive products that activate the body’s natural healing mechanisms. Headquartered in San Francisco, Tivic Health is at the forefront of delivering innovative solutions for therapeutic benefit, predominantly focusing on sinus pain relief.
Our flagship product, ClearUP Sinus Relief, is a patented handheld device designed to alleviate sinus pain and congestion using ultra-low electrical currents. This device offers a natural alternative to conventional treatments like nasal sprays, pills, and saline flushes, and is particularly beneficial for individuals suffering from nasal allergies, sinus infections, chronic sinusitis, and the common cold.
Our latest innovation, Synus, provides temporary relief from sinus pain and pressure through microcurrents. This product represents our commitment to offering non-pharmaceutical options to those seeking effective and convenient sinus pain management.
With an emphasis on safety and efficacy, Tivic Health is not only advancing bioelectronic medicine but also setting new standards in patient care. Our team of dedicated professionals continually explores the therapeutic potential of microcurrents, aiming to expand our product line to treat various medical conditions in the future. We are committed to enhancing the quality of life for our users by providing accessible and effective health solutions.
For the latest updates and developments, stay tuned to our Latest News section and follow our progress as we continue to innovate and grow in the exciting field of bioelectronic medicine.
Tivic Health Systems (NASDAQ: TIVC) has announced a definitive agreement to acquire the Reliefband product line, expanding its portfolio in the bioelectronic treatment of nausea. The deal, valued at up to $33.5 million, aims to leverage Reliefband's FDA-cleared products, which cater to a growing market projected at $2.4 billion in the US. This acquisition is anticipated to increase revenue opportunities significantly, combining direct-to-consumer sales with clinical applications.
Tivic Health Systems (Nasdaq: TIVC) announced that CEO Jennifer Ernst will present at the Fifth Bioelectronic Medicine Summit on October 11-12, 2022 in Garden City, NY. The summit will focus on the commercialization journey of neurotechnology. The conference aims to spotlight bioelectronic medicine's role in healthcare advancements, with discussions regarding current challenges and future developments. Tivic Health is a health technology company specializing in non-invasive bioelectronic treatments for inflammation and related conditions.
Tivic Health Systems, a commercial-phase health technology company focused on bioelectronic medicine, announced that CEO Jennifer Ernst will present at the 148th National Investment Banking Association (NIBA) conference. The event is set to take place on September 7-8, 2022, at Margaritaville Beach Resort, Hollywood, FL. NIBA has significantly impacted the micro-cap investment community since 1982, raising over $30 billion and facilitating around 90% of IPOs valued under $20 million. Tivic Health develops non-invasive treatments for inflammation-related conditions.
Tivic Health (TIVC) reported remarkable financial results for Q2 2022, posting a 97% revenue increase to $528,000 compared to $268,000 in Q2 2021. The company achieved a stunning 265% growth in unit sales via direct-to-consumer channels. Despite rising costs, the average sales cost decreased from $97.18 to $90.26. R&D expenses rose to $497,000 due to team expansions, while sales and marketing expenditures surged to $1.1 million, reflecting strategic investments. However, these developments led to a net loss of $3 million, worsening from $1.1 million in the same quarter last year.
Tivic Health® Systems, Inc. (Nasdaq: TIVC), a health technology firm focused on bioelectronic medicine, will report its financial results for Q2 2022 on August 15, 2022. The earnings call will begin at 1:30 PM PT / 4:30 PM ET, with a conference call for investors and analysts available via toll-free and international lines. Shareholders can also submit questions by August 11, 2022, at ir@tivichealth.com. More information can be found at Tivic Health's website.
Tivic Health Systems, Inc. (TIVC) announced that its ClearUP® Sinus Pain Relief device has been awarded the Most Innovative Sinus Relief Solution for 2022 by Global Health & Pharma. This recognition marks the second consecutive year for ClearUP, which is FDA-cleared and clinically proven to alleviate sinus pain and congestion. The company aims to further develop bioelectronic treatments for various conditions, reflecting a shift towards non-invasive medical solutions. Recent accolades enhance Tivic's visibility in the health tech space, signaling strong market potential.
Tivic Health Systems (Nasdaq: TIVC) announced its Annual General Meeting of Shareholders to be held virtually on June 14, 2022, at 10:00 AM PDT. This format aims to ensure accessibility for all shareholders. Related documents and information can be found on Tivic Health's website and the SEC's website. The company specializes in non-invasive bioelectronic treatments for inflammation and related conditions. Forward-looking statements in the release highlight inherent risks and uncertainties affecting future performance.
Tivic Health Systems, Inc. (TIVC) reported a strong first quarter 2022 with a 33% increase in net revenue to $428K compared to $323K in Q1 2021. Notably, gross profit surged 219% to $70K, driven by a 77% growth in direct-to-consumer unit sales. Overall unit sales rose by 28%, aided by the termination of less profitable retail arrangements. However, total expenses rose significantly, including $684K in sales and marketing, reflecting increased advertising and e-commerce efforts. Cash reserves stood at approximately $10.8 million as of March 31, 2022.
Jennifer Ernst, CEO of Tivic Health, will speak at FORTUNE Brainstorm Health on May 11, participating in a panel titled Driving Digital Health: Where Wearables Are Headed Next. The event, held in Los Angeles on May 10-11, 2022, focuses on the intersections of health care and technology, highlighting innovations that enhance health outcomes. Ernst's recent accolades include recognition as one of the Inc 100 Female Founders and a leader in Consumer Healthcare.
For more on Tivic Health, visit tivichealth.com.
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