OxySure Systems, Inc. (OXYS) Research Update Released
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New York, NY - December 12, 2013 (www.investorideas.com newswire) Taglich Brothers released an updated research report on OxySure Systems, Inc. (OXYS) reiterating a Speculative Buy rating and maintaining a 12-month price target of $2.10. The report noted the following key investment considerations:
OxySure's oxygen generating technology has lifesaving potential in the treatment of cardiac arrest, acute asthma or pneumonia, severe trauma, smoke inhalation, carbon monoxide poisoning and air embolism.
Untrained nonmedical personnel using the OxySure Model 615 can provide emergency therapy safely and rapidly, supporting lifesaving resuscitation before the arrival of emergency medical personnel.
OXYS' Model 615, easy to use and quickly brought to bear, is a highly suitable companion for automatic external defibrillators (AEDs). There are an estimated 2.2 million AEDs in service worldwide, roughly 60% of them in the US. OxySure aims to position the Model 615 alongside AEDs in public and private venues.
We project a revenue ramp from $2 million in 2013 to $4.9 million in 2015.
As the OxySure's Model 615 gains traction, revenue should increase to $18 million by 2017. That long-term revenue estimate is based on moderate acceptance of the Model 615, mainly as a companion to AEDs.
In 3Q13 (results released Nov. 14, 2013), OXYS earned revenue of $546,000, up from $103,000 in the year-earlier quarter, but incurred a small loss (breakeven on a per share basis). We projected a loss of ($0.01) per share on revenue of $626,000. We project continued losses through 2015 but a sharp increase in revenue should make operations cash flow positive during the latter half of 2015.
By our estimates, cash needs will require further borrowing through 2015. The increase in debt will weigh on profitability due to increases in interest expense.
OxySure Systems, Inc. (OXYS: OTCQB), based in Frisco, Texas, manufactures and markets the FDA-approved OxySure Model 615, a low cost, lightweight portable catalytic oxygen generator for medical emergency use. Oxysure's technology offers lifesaving potential in cases of major adverse cardiac events, severe trauma, and respiratory distress.
The company's technology rapidly generates medically pure oxygen by combining two inert powders, obviating the need for storage in compressed tanks or other oxygen generators that pose explosion or fire hazards.
The OxySure Model 615 can be prepositioned in educational institutions, manufacturing facilities, commercial and government office buildings, sports stadia, restaurants, airports, military installations and a wide variety of other public venues for emergency administration of acute oxygen therapy by untrained non-medical persons. Broad emergency application potential prior to arrival of first responders or admission to a medical treatment facility underlies the appeal of the Model 615.
The OxySure 615 is sold through more than 40 independent commission agents in the US and overseas distributors in Australia and New Zealand, the UK, Brazil, South Africa and Turkey.
OXYS also distributes automatic external defibrillators, more than two million of which are in service worldwide for the treatment of cardiac arrest victims before the arrival of first responders. The company's model 615 generator is an ideal companion medical device that can rapidly administer the oxygen needed to resuscitate patients who suffer unexpected major adverse cardiac events.
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