Financial Performance - Catheter Precision, Inc. announced its financial results for the quarter ended June 30, 2024[3] - The company reported a revenue increase of 25% year-over-year, reaching 1 million in revenue by Q3 2024[3] - The company is investing $2 million in R&D for new technologies aimed at improving catheter precision[3] Market Expansion - Market expansion plans include entering two new states by the end of 2024, targeting a 10% market share in those regions[3] Strategic Initiatives - Catheter Precision, Inc. is exploring potential acquisition opportunities to enhance its product offerings[3] - A strategic partnership is being formed with a leading healthcare provider to enhance distribution channels[3] Cost Management - The company aims to reduce operational costs by 15% through efficiency improvements in the next fiscal year[3]
Catheter Precision(VTAK) - 2024 Q2 - Quarterly Results