OVENTUS OVN a real competitor to FPH and RMD

[Joshuatree]

Oventus has reinvented itself with great improvements and efficacy for its Oventus O2 Airway Technology.This presentation tells one why it is superior to expensive mask systems (CPAP) that FPH and RMD use which have high drop out rate.Sleep centres and Lab in Lab simplifies the referral process.

"Traditional US patient referral pathway
The “silo-ing” of dentists and sleep physicians makes the patient journey complex and creates conflicting economic imperatives
• Patients present to their family doctor with symptoms
• They are referred to a sleep physician
• A sleep test is performed in a lab or at home
• They return for a follow-up consultation with a sleep physician
• They are referred to a durable medical equipment supplier or CPAP reseller for a CPAP trial
• 35% of patients refuse a CPAP trial
• • •
• •
20% of CPAP trial patients will not move forward with a CPAP
50% of the patients that move forward with CPAP abandon treatment within the first year
The patient returns to the sleep physician or GP requesting a prescription for an oral appliance
Patient returns to the dentist for fitting of an oral appliance
Patient should be referred back to the sleep physician for follow up?



"During 2018, clinical work undertaken through the Federal Government-funded CRC-P, ‘NeuRA trial’ led to three significant discoveries in the area of sleep medicine:
1. The ExVentTM valve – inserting this valve into the ‘duck bill’ of Oventus’ O2VentTM device improves efficacy for those patients who need more intervention
2. The O2Vent ONEPAPTM valve – clips into the ‘duck bill’ of Oventus’ O2VentTM device and acts as a mini CPAP valve without the need for cords or power
3. The O2Vent ConnectTM CPAP connection will connect the Oventus O2VentTM device to CPAP, enabling CPAP to be delivered at lower pressures, without the need for a full face mask
These unexpected product discoveries, Oventus' ExVent valve, OnePAP and O2Vent Connect, represent the most significant improvements in sleep medicine in over several decades."


The S/P has doubled plus for me very quickly (I had a buy for some more at the top of the Q on tuesday and left and went and looked at an EV Nissan leaf, when i came back my bid had been buried!) and it looks like things are going faster than the company expected as well. So their cash burn may have accelerated and a placement/ cap raising may be close.

Heres the most recent presentation (3rd one in a few months). I plan to sell some RMD and FPH and buy more of these. Not a recco, DYOR

https://hotcopper.com.au/threads/investor-presentation.4860973/

[percy]

Traging halt.CR...Interesting times.

[Joshuatree]

"So their cash burn may have accelerated and a placement/ cap raising may be close." JT

Yep right on q. I will take up mine @ 38c fully and more if poss.Market loves it ,s/p up 17% to 54.5c atpit.

Thank you to you know who for spotting this turnaround before the mkt picked up on it (at much higher prices).
Ann: Placement & Non-renounceable Entitlement Offer (https://hotcopper.com.au/threads/ann-placement-non-renounceable-entitlement-offer.4874809/)

[Joshuatree]

https://youtu.be/VG64T9gQTs8 Worth watching if you want to understand why the mkt is taking to this stock .


Appendix 4C - quarterly (https://hotcopper.com.au/threads/4880689/)




Placement & Non-renounceable Entitlement Offer (https://hotcopper.com.au/threads/4874809/)

[Joshuatree]

Have applied for extra in the placement. Besides goldies one of the few in my portfolio to go up today ,7.5% atp.Good announcement , more sleep centres taking up.
Further Material Agreements with two US Sleep Groups (https://hotcopper.com.au/threads/4906761/)

[Joshuatree]

FDA approval :)

https://hotcopper.com.au/threads/news-ovn-oventus-medical-receives-u-s-fda-clearance-for-o2vent%C2%AE-optima-oral-device.4944015/ (https://hotcopper.com.au/threads/news-ovn-oventus-medical-receives-u-s-fda-clearance-for-o2vent%C2%AE-optima-oral-device.4944015/)

[RRR]

I bought a small parcel today for a punt! Thanks JT.

[Joshuatree]

Strong recovery to 57c since 38c cap raise RRR. It still is a punt atp, need more orders , sleep centres onboard and momentum to continue. Sure is a crowded space but OVN have a lead, a competitive advantage over other mouth pieces atpit, just need to watch closely imo.

[Joshuatree]

Up another 6c today to 63c on good volume.

[DarkHorse]

Thanks for the heads up JT, very interesting product. There are a lot of non CPAP oral gadgets (somnamed being best known here) but OVN does seem to have an advantage with their side air technology making it suitable for a larger group of patients. Have you looked into their IP protection?

[Joshuatree]

Have you not? Investor Presentation (https://ovn.irmau.com/site/PDF/1309_0/InvestorPresentation) page 33

[DarkHorse]

Thanks! Time poor atm...

[Joshuatree]

Poorer for it too.
Speeding ticket yest.S/P jumped 28% to 77c!!:scared: now reinstated. Drop back a bit today prob.Takeover coming from RMD?:scared:
Ann: Response to ASX Price Query (https://hotcopper.com.au/threads/ann-response-to-asx-price-query.4970183/)

[RRR]

Normally share price plummets after I buy, but this one has gone up quite a bit! FDA approval is no small feat and the reason why I decided to buy. Total revenue was only 240K last year and this year my forecast is 1.5 million. 5.1 million cash in hand as of March 2019.

Market cap now is 112 million as I type!

Decision time - buy more or sit tight?

[Joshuatree]

Running too fast ,flying too high! Re 85.5c atm!. Luckily i got set early so in my situ im holding on for the ride .Im not thinking of adding,free carrying or taking some profits YET ,because there is such strong momentum here.

Need more sign ups.I do wonder if a big player is building a position.
Ive seen a spread sheet with a guestimate of over $4 mill rev 2019 increasing to $12 mill plus in 2020 based on US$700 per unit (retail $1500), 4 sleep centres signed up per month with min 20 orders each p/m etc.

[Joshuatree]

Great overview here well worth a listen. Former head of Macquarrie on board and 3 million failed CPAP users in the USA alone looking for another solution just two points.

The Health Kick Podcast with Tim Boreham: Oventus Medical (https://stockhead.com.au/health/the-health-kick-podcast-with-tim-boreham-oventus-medical/)

[Joshuatree]

Some good promotion and explanation here too.

Get the full story at healthcaretechoutlook.com (https://sleep-disorder-care.healthcaretechoutlook.com/vendor/oventus-medical-a-revolutionary-solution-to-tackle-obstructive-sleep-apnea-cid-1068-mid-98.html)

[DarkHorse]

Some good promotion and explanation here too.

Get the full story at healthcaretechoutlook.com (https://sleep-disorder-care.healthcaretechoutlook.com/vendor/oventus-medical-a-revolutionary-solution-to-tackle-obstructive-sleep-apnea-cid-1068-mid-98.html)

Thank you JT. I bought recently. This baby's well worth a look. Along with OPT and PAR hoping for 3/3 big winners in OZ bio-techs :)

[Joshuatree]

Share price based on future sales, getting pretty frothy. I may sell a few sometime on the road to free carried. Good to see Cyan Fund onboard .

http://www.cyanim.com.au/2019/10/08/cyan-newsletter-30-september-2019/ (http://www.cyanim.com.au/2019/10/08/cyan-newsletter-30-september-2019/)

[Joshuatree]

First lab in lab sites operational in Canada and US (https://online.asb.co.nz/ost/3C7C1BD6E0DAE42084399D8D62C3B79B/companyannouncements/showannouncement/asx/ovn?issuercode=ovn&number=1179118&ispdf=true)

Like that phrase in there.Its not well positioned but "Strongly Positioned":)

[airedale]

I had a look at the OVN company reports today. I see that some of the management team have come over from Fisher and Paykel. Now that the recent froth has come off the SP it looks like a good time to enter.

[Joshuatree]

Download Document 1.98MB (https://hotcopper.com.au/documentembed?id=uOMxKKzFkiWRTLKhOROKAxjvSDYL4ga0y hn0v%2Fhv8bFiGug%3D) Just listened to the presentation. Yes there are X Resmed people there too. a quality looking team who came knocking.. I hadn't realised how much the pathway and experience for the patient has been simplified and is much quicker and more efficient saving alot of time.. Its a work in progress ,im expecting next year to be the big one with many more sleep centres signed. At an Inflexion point now is good description though.

Later. It may have been the sleep centres that came knocking or both, cant remember.

[Joshuatree]

Appendix 4C - quarterly (https://hotcopper.com.au/threads/5173327/)

Funny , they are delivering what they said and more yet s/p hammered today.Im sitting on my holding atp.Seems alot of short termism happening on H/C , greed,ignorance ? Their baggage and loss unless they are trolling the s/p down for an entry. Thoughts anyone, RRR ?

[percy]

130,529,717 shares on issue.
At 35 cents per share the Market Cap is $45.6 mil.
Revenue for the December quarter was $112,000.[note a small toy shop would have done more in just December].
Expenditure for the quarter was $3.15 mil.
So current expenditure is 28 times revenue.
Therefore a lot of future revenue is being built into the share price.
Whether or not OVN can get the revenue the market is expecting,only time will tell.

[Joshuatree]

Yes i believe it can and will.thanks but i was asking any holders who've done their DD.

[percy]

Is the product on www.snorex.co.nz any different.?

[Joshuatree]

I rest my case;) You could start by reading the threads on here.

[percy]

I rest my case;) You could start by reading the threads on here.

As always I do my own research.
That includes "whole" threads,right from the start.
In this case only two pages.
Plus I have read the thread on HC.
OVN needs some very serious revenue.,

[Joshuatree]

Great i will leave you to find where it is and where it will come from, very early days here. DYOR.

[percy]

Great i will leave you to find where it is and where it will come from, very early days here. DYOR.

Agree very early days.
Interesting company to watch,and remains on my watch list .

[RRR]

Appendix 4C - quarterly (https://hotcopper.com.au/threads/5173327/)

Funny , they are delivering what they said and more yet s/p hammered today.Im sitting on my holding atp.Seems alot of short termism happening on H/C , greed,ignorance ? Their baggage and loss unless they are trolling the s/p down for an entry. Thoughts anyone, RRR ?

I am disappointed. 199 K revenue in 6 months. My own forecast (or assumption)was 1.5 million for the full year. At this rate they will not achieve that! Will sit tight for now and see what happens in 2020

[Joshuatree]

Good news x 3 s/p leaps re 40%.:t_up:

Ann: US Medicare Reimbursement Approval Granted for O2Vent Optima (https://hotcopper.com.au/threads/ann-us-medicare-reimbursement-approval-granted-for-o2vent-optima.5225191/)

News: OVN Oventus Medical Says Revenue Growth Expected To Accelerate Q-o-Q Through Calendar (https://hotcopper.com.au/threads/news-ovn-oventus-medical-says-revenue-growth-expected-to-accelerate-q-o-q-through-calendar-2020.5223535/)

Ann: 3 US Lab in Lab sites launched and pipeline update (https://hotcopper.com.au/threads/ann-3-us-lab-in-lab-sites-launched-and-pipeline-update.5222719/unread)

[RRR]

Good news indeed, bought a few more today!

[Joshuatree]

Another runup today

https://hotcopper.com.au/attachments/sleepapnea-gif.1992935/?temp_hash=f054caa26fd1541e0c019162f323a202

[Joshuatree]

own (https://online.asb.co.nz/ost/BF7B58F726AF1013AEF8DE4A7D7C6B07/companyannouncements/showannouncement/asx/ovn?issuercode=ovn&number=1208642&ispdf=true)

One of a very few of my stocks to run up today.

[Joshuatree]

https://dentalsleeppractice.com/product-reviews/the-oventus-o2vent-optima-nylon-appliance (https://dentalsleeppractice.com/product-reviews/the-oventus-o2vent-optima-nylon-appliance/)

Ann: Oventus $4.65m Share Placement and $2m SPP (https://hotcopper.com.au/threads/ann-oventus-4-65m-share-placement-and-2m-spp.5374846/)

Sold half in my big selldown of stocks on 4th feb. ATM im leaning to taking up my SPP.Carrot is a one for two option. They do have a genuine alternative to CPAP and CPAP thought to be a possible spreader of Covid atm although im not putting much store in that one myself. Qrtly disappointing but Covid hasn't helped.


Ann: Oventus Investor Presentation (https://hotcopper.com.au/threads/ann-oventus-investor-presentation.5374843/)

[airedale]

As a snorer I like the Oventus concept, as an investor I will take up the SPP. I am looking past Covid.

[DarkHorse]

I'm not convinced many will shift from CPAP spreading covid either. But the issue is generating great publicity for OVN, and that's crucial for them at this stage.

[RRR]

https://us02web.zoom.us/rec/play/uMEpJbv7rjg3GNbHuQSDAPN9W9ToKvms1HUf8vtcyRnhAHgLO1 fzYbYTYbZaVPMlq66lKBXjR8oAhwYI

20 min presentation by Chris Hart

Financials - Receipts from customers for the last 3 months was only 78K (he said covid crisis delayed payments!). Staff cost 5-6 million per year. Cash burn is 2 million per quarter. The next few quarters will be crucial

I will be taking part in the SPP

[Joshuatree]

Yes it will .The lead time to revenue and meeting quotas is pretty lengthy and its not that clear to me what will land when.Also im bearish about mkts so have applied for a lesser amount then i would otherwise.

[Joshuatree]

https://us02web.zoom.us/rec/play/uMEpJbv7rjg3GNbHuQSDAPN9W9ToKvms1HUf8vtcyRnhAHgLO1 fzYbYTYbZaVPMlq66lKBXjR8oAhwYI

20 min presentation by Chris Hart

Financials - Receipts from customers for the last 3 months was only 78K (he said covid crisis delayed payments!). Staff cost 5-6 million per year. Cash burn is 2 million per quarter. The next few quarters will be crucial

I will be taking part in the SPP

Thanks for that 4th may announcement
heres a real fresh one sent to me by a friend. Very good marketing by our man.

https://www.proactiveinvestors.com.au/companies/news/921394/oventus-medical-targeting-massive-growth-in-north-america-with-sleep-apnea-treatment-921394.html

[airedale]

Hi Joshua, I just sent off my Bpay application yesterday. If OVN can succeed or even go cash flow positive in the next year? Meanwhile I am happy to wait.

[DarkHorse]

I'll send mine off tomorrow. I have a small holding and don't want to send off much more than I'll be allocated. They prospectus mentions that if it's overscribed it will be scaled "on a pro-rata basis" - would that mean relative to shares applied for or shares held - it's not specified in the document - does anyone know?

[airedale]

It is encouraging that the SP is holding above $.30 while the new shares will be issued at $.24. It may well be oversubscribed.

[Joshuatree]

Not really in these insane mkt "rising tide lifts all boats" to use peats analogy yet again. Im applying for a minimal amount as between now and profitability when/if the mkts drop big again i may be offered a cheaper top up . I may miss the boat but thats what im comfortable with atm,protecting my asset gains is my main strategy atp. Im pretty risk averse and gun-shy atm and OVN is still in a pretty high risk race atm until its more accepted and takeup is consistent. Im no longer a young gun whose into risk/reward situs and dont want to end up with an old fool moniker.:)

[Joshuatree]

Over subscribed 6.3 times.Great to see the strong interest here

Ann: Share Purchase Plan closes oversubscribed (https://hotcopper.com.au/threads/ann-share-purchase-plan-closes-oversubscribed.5453097/)

[airedale]

Deleted.Wrong thread

[airedale]

Has anyone got their refunds yet from the oversubscription?

[RRR]

Has anyone got their refunds yet from the oversubscription?

Not yet, hoping that it will appear tomorrow or the day after - I have Iress SPP to participate and need a decent AUD amount for that..

[airedale]

Has anyone got their refunds yet from the oversubscription?
I have just checked my computershare account and it looks like they have sent me a cheque.

[Joshuatree]

Still doing deals in canada but covid must be affecting sales.


https://careicahealth.com/news/corp...ggrF_uOJCiFLEP3KDzedMnR6fDKIKlXcYInZLqT5Krp b8 (https://careicahealth.com/news/corporate/2020/123/careica-health-signs-agreement-with-oventus-medical-australia/?fbclid=IwAR3LatdEyOOuWgggrF_uOJCiFLEP3KDzedMnR6fD KIKlXcYInZLqT5Krpb8)

[Joshuatree]

No recovery in s/p unlike most my others. Decent interview with Chris here.Covid impacted but sounds like sales and recovery picking up, i hope so.Lets hope the qrtly imminent shows an improvement. Feeling a bit stuck with this one atm


https://www.youtube.com/watch?v=ejaCQmPsszc

[percy]

Traded at 4.1 cents today.
I guess being in the wrong sector at the wrong time.Last presentation tried to be positive.A tough journey for shareholders.Can only hope for better times.
Oventus and O2Vent:
A Unique Company with a
Disruptive Market Model
O2Vent Presentation
What is Oventus?
A dental services organization and a medical
technology company
What is our unfair advantage?
We can “own” and manage a clinician-driven patient journey
How will we disrupt the OSA market?
By bringing together a technology and market model so
effective that it can unseat CPAP as first-line therapy
How will we create shareholder value?
In demonstrating how this combination leads to market
capture, revenue growth and outstanding EBITDA

[DarkHorse]

Definitely one to keep on the watchlist. Product has fantastic potential but distribution just not taking off. If it ever starts to get momentum it could easily go up 10X; or it may never go anywhere and peter out; so best to wait and see.

[percy]

Definitely one to keep on the watchlist. Product has fantastic potential but distribution just not taking off. If it ever starts to get momentum it could easily go up 10X; or it may never go anywhere and peter out; so best to wait and see.

Agree and for the reasons you said I keep OVN on a watch list.

[Joshuatree]

DOH! Arrrgh! Groaans. Did i get sucked in on this one, you know when you become a believer, You jump at a cap raise,you trust the boss and only much later after believing him just one more time you realise youve been a stool pigeon, no a stupid risk taker,no a naive being, or just a sucker for something new and exciting(kinda) and you feel kinda empty inside, hollowed out at the deceit, the stated like a certainty spin,you know all those upbeat announcements and that thing you cant quite grasp; well you believe chris when he says it has stopped moving and is sitting , shining,waiting just around the corner, success.

But the s/p keeps going down, kinda numb mesmerising and you finally bail and the relief hits you, especially when you see it carry on down another 5cents or so, PHEW!.

Then you realise you can buy something similar a boil in the bag mouthpiece for a couple of bucks on Alipay or Alibaba which you could prob adjust, whittle a bit of here and there with your pocket knife, buy a few to make sure.
You may think im stale and a grumpyXholder.... you'd be right:t_up: A wonderful lesson learnt here, reset my investment/risk/reward settings.

Keeping it on my WATCHOUT LIST!! .And im not looking back here in case it does a Phoenix OK!

Now back to doing Wordle its kinda addictive and doesn't cost me ;) Its a feelgood thing in five letters.

[DarkHorse]

Lol = watchout list! We've all been there - infatuations that seem ridiculous in hindsight, so don't be too hard on yourself JT.
TBH I haven't read an announcement since selling in Jan last year for 23c... only checked the price.
If you're still holding and up with the play, your view is far more valid than mine.
(Having said that, Thorney keep buying - almost 20% - and they're no mugs.)
Plenty more fish in the sea, we all make mistakes...no shortage of cliches that apply :)

[nztx]

A fairly impressive Staffing bill for their reported revenue

Loss per share = NTA per share in the last report

At this rate of Cash Burn / Losses being racked up a CR may be expected unless a miracle
in trading fortunes happens real fast (ie a bit of banging stakeholders for life support) ;)

I think this one is for the Multibanger list, not the Multibagger list unless a miracle happens :)

[percy]

Not looking good.
https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02531408-2A1379046?access_token=83ff96335c2d45a094df02a206a 39ff4

[nztx]

Ouch .. shareholders look like they could get multibanged, if this one lifts off again..

[DarkHorse]

This is a textbook example of the difference between a (potentially) good product and a good business.