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Vapotherm, Inc. (OTCQX: VAPO) is a leading developer and manufacturer of advanced respiratory technology headquartered in Exeter, New Hampshire, USA. The company focuses on creating innovative, comfortable, and non-invasive technologies to support patients with chronic or acute breathing disorders. Over 4.4 million patients globally have benefited from Vapotherm's high-velocity therapy systems, including the HVT 2.0 and Precision Flow systems.
Vapotherm's core product, high-velocity therapy, is a mask-free, non-invasive ventilatory support tool that effectively relieves respiratory distress—including hypercapnia, hypoxemia, and dyspnea. This technology allows for the fast, safe treatment of undifferentiated respiratory distress with a single tool. The mask-free interface delivers optimally conditioned breathing gases, making it more comfortable for patients and reducing the risks associated with traditional mask therapies.
The company has shown significant sales growth and continues to invest in future growth drivers such as the HVT 2.0, clinical studies, and the upcoming Access365™ Home Ventilation Solution, anticipated to launch in early 2025. This new home ventilation solution aims to improve patient quality of life and reduce hospital readmissions for patients with respiratory diseases.
Financially, Vapotherm has made considerable strides in improving profitability. For example, in the third quarter of 2023, the company reported a net revenue increase of 12.0% over the previous year, attributed to rising capital and disposable demand, especially in international markets. Furthermore, gross profit and margin saw improvements, owing to effective inventory management and increased production efficiencies.
Despite challenges, such as delisting from the New York Stock Exchange and transitioning to the OTCQX Market, the company remains steadfast in its commitment to enhancing patient lives and maintaining significant market presence. Partnerships like the one with Onymos to develop a respiratory digital platform further underscore Vapotherm's dedication to innovation and improved patient outcomes.
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