Titan Medical Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 0.09
Dividend & YieldN/A$ (N/A)
Beta 3.58
Market capitalization 43.2M
Operating cash flow -31.97M
ESG Scores unknown

Company description

Titan Medical Inc., a medical technology company, focuses on the development and commercialization of robotic assisted surgical technologies for application in minimally invasive surgery. It is developing the Enos system, a robotic single access surgical system that includes a surgeon-controlled patient cart comprising a 3D high-definition vision system and multi-articulating instruments for performing surgical procedures; and a surgeon workstation that provides the surgeon with ergonomic interface to the patient cart and a 3D endoscopic view inside the patient's body during surgical procedures. The company is headquartered in Toronto, Canada.

Sector: Healthcare - Industry: Medical Devices

Financial data

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities 4.23M 4.96M -4.37M 1.09M
Total Cashflows From Investing Activities -420.59k -458k -599k -755k
Net Borrowings -5k -5k 1.41M 33k
Total Cash From Financing Activities 27.16M 35.76M 26.1M 44.21M
Change To Operating Activities 8.34M 8.34M -544k -1.6M
Issuance Of Stock 27.16M 35.77M 24.69M 35.08M
Net Income -22.64M -41.91M -24.18M -14.86M
Change In Cash -14.66M -10.66M 24.66M 6.84M
Effect Of Exchange Rate
Total Cash From Operating Activities -41.4M -45.96M -845k -36.62M
Depreciation 29.04k 33k 283k 699k
Change To Account Receivables -6.51M -10.03M -10.03M -10.03M
Other Cashflows From Financing Activities 9.09M 9.09M 9.09M 9.09M
Change To Netincome -16.51M -17.39M 27.97M -11.92M
Capital Expenditures -280k -280k -280k -370k

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development 32.86M 51.42M 7.94M 37.95M
Income Before Tax -22.64M -41.91M -24.18M -14.8M
Net Income -22.64M -41.91M -24.18M -14.86M
Selling General Administrative 5.3M 7.82M 7.63M 11.75M
Gross Profit 20M 20.09M
Ebit -39.69M -59.27M 4.15M -30.31M
Operating Income -39.69M -59.27M 4.15M -30.31M
Interest Expense -423k -423k -1.09M -125k
Income Tax Expense 56k
Total Revenue 20M 20.09M
Cost Of Revenue
Total Other Income ExpenseNet 17.05M 17.36M -28.34M 15.51M
Net Income From Continuing Ops -22.64M -41.91M -24.18M -14.86M
Net Income Applicable To Common Shares -22.64M -41.91M -24.18M -14.86M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 17.7M 15.06M 43.65M 11.93M
Total Stockholder Equity 4.22M -11.68M -13.81M 35.29M
Other Current Liabilities 11.25M 3.62M 36.32M 4.93M
Total Assets 21.92M 3.38M 29.84M 47.22M
Common Stock 170.5M 194.86M 215.15M 263.36M
Other Current Assets 8.54M 481.4k
Retained Earnings -172.94M -214.84M -239.03M -253.89M
Treasury Stock 668k 11.75M
Cash 11.47M 814.49k 25.47M 32.31M
Total Current Liabilities 17.7M 15.06M 42.9M 10.89M
Other Stockholder Equity 668k 11.75M
Property, Plant, and Equipment 30.39k 1.11M 1.64M
Total Current Assets 20.74M 1.75M 26.95M 43.66M
Net Tangible Assets 3.04M -13.28M -15.59M 33.37M
Net Receivables 143.22k 84.1k 8.28M
Accounts Payable 6.45M 10.85M 4.53M 5.62M


Insider Transactions

Here are the insider transactions of stock shares related to Titan Medical Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Galfetti (Kristen)Conversion or exchange at price 0.52 per share.D2022-08-31Senior Officer of Issuer55.44k
Galfetti (Kristen)Acquisition or disposition in the public market at price 0.52 per share.D2022-08-31Senior Officer of Issuer18.98k
Seibert (Christopher)Conversion or exchange at price 0.52 per share.D2022-08-31Senior Officer of Issuer43.21k
Seibert (Christopher)Acquisition or disposition in the public market at price 0.52 per share.D2022-08-31Senior Officer of Issuer17.29k
Carrea (Tammy)Acquisition or disposition in the public market at price 0.52 per share.D2022-08-31Senior Officer of Issuer8.31k
Carrea (Tammy)Conversion or exchange at price 0.52 per share.D2022-08-31Senior Officer of Issuer20.71k
Cataford (Paul G)Acquisition or disposition in the public market at price 0.56 per share.D2022-07-13Director of Issuer135.53k
Cataford (Paul G)D2022-07-13Director of Issuer272.29k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Titan Medical Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Titan Medical Inc

Here is the result of two systematic investment strategies applied to Titan Medical Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Titan Medical Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Titan Medical Inc:

Titan Medical Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 68.45% on the backtest period.

Performance at glance

Performance

68.45 %

Latent gain

1533.18 $

Invested capital

2239.8 $

Annualized return

16.53 %
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Momentum strategy results on Titan Medical Inc

This is the result of two momentum investment strategies applied to Titan Medical Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Titan Medical Inc

The following chart shows all the entries opened by the momentum investment system on Titan Medical Inc:

Titan Medical Inc momentum entries
  • The first momentum investment strategy would give 24.48% of return on Titan Medical Inc. That represents 1344.32$ of latent gain with 5492.08$ of employed capital.
  • The second momentum investment strategy would give 142.81% of return on Titan Medical Inc. That represents 5007.09$ of latent gain with 3506.01$ of employed capital.
Performance at glance (1Q Momentum)

Performance

24.48 %

Latent gain

1344.32 $

Invested capital

5492.08 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

142.81 %

Latent gain

5007.09 $

Invested capital

3506.01 $

Annualized return

39.02 %

Momentum equity curve on Titan Medical Inc

The following chart shows the equity curve of the two momentum strategies applied to Titan Medical Inc:

Titan Medical Inc momentum equity

Note: the dividends potentially given by Titan Medical Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Titan Medical Inc

The following chart shows the employed capital evolution of the two momentum strategies on Titan Medical Inc since the beginning:

Titan Medical Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Titan Medical Inc

Buy the dip entry openings on Titan Medical Inc

Titan Medical Inc

The performance achieved by the robo-advisor on Titan Medical Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Titan Medical Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Titan Medical Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to Titan Medical Inc

The following chart shows the result of the investment strategy applied to Titan Medical Inc:

Titan Medical Inc

Note: the dividends potentially given by Titan Medical Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Titan Medical Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Titan Medical Inc:

Titan Medical Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Titan Medical Inc

In this section, I will compare the three previous investment strategies applied to Titan Medical Inc.

Equity curve comparison on Titan Medical Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Titan Medical Inc investment strategy comparison

Employed capital comparison on Titan Medical Inc

Titan Medical Inc investment comparison

Performance comparison on Titan Medical Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 68.45% 1533.18$ 2239.8$ 16.53%
Momentum 1 quarter 24.48% 1344.32$ 5492.08$ 6.28%
Momentum 2 quarters 142.81% 5007.09$ 3506.01$ 39.02%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

16.53 %

Momentum 1Q

39.02 %

Momentum 2Q

39.02 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Titan Medical Inc:

Positive correlations

Most correlated stocks this year

  • Titan Medical Inc

  • Most correlated stocks last 3 months

  • SINGMYANMAR^
  • Midatech Pharma Plc
  • Titan Medical Inc
  • PHX Minerals Inc - Class A
  • CHINA QINFA
  • GLOBALSTRAT
  • BJ SPORTS & ENT

  • Negative correlation

    Most negatively correlated stocks this year


    Most negatively correlated stocks last 3 months


    Note: The algorithm computes the probability of correlation between Titan Medical Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Titan Medical Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


    Company information

    Company name Titan Medical Inc
    Country Canada
    City Toronto
    Address 76 Berkeley Street
    Phone
    Website www.titanmedicalinc.com
    FullTime employees 49
    Industry Medical Devices
    Sector Healthcare
    Exchange XNAS
    Ticker TMDI
    Market www.nasdaq.com

    Titan Medical Inc ESG Scores

    Environment scores

    Environment ESG Factors Scores
    Environment Score 0
    Peer Environment Performance unknown
    Environment Percentile unknown
    Palm Oil unknown
    Nuclear unknown
    Fur Leather unknown
    GMO unknown
    Coal unknown
    Pesticides unknown
    Animal Testing unknown

    Social scores

    Social ESG Factors Scores
    Social Score 0
    Peer Social Performance unknown
    Social Percentile unknown
    Highest Controversy unknown
    Peer Highest Controversy Performance unknown
    Adult unknown
    Gambling unknown
    Alcoholic unknown
    Tobacco unknown
    Catholic unknown
    Controversial Weapons unknown
    Small Arms unknown
    Military Contract unknown
    Peer Count unknown

    Related Controversy:


    Governance scores

    Governance ESG Factors Scores
    Governance Score 0
    Peer Governance Performance unknown
    Governance Percentile unknown

    ESG at glance
    Total ESG Scores: unknown
    Environment Score: 0
    Social Score: 0
    Governance Score: 0

    ESG Performance: unknown

    Peer Group: unknown

    Peer Esg Score Performance: unknown

    Rating Year: unknown

    Rating Month: unknown

    Max Age: unknown

    Percentile: unknown