Endonovo Therapeutics (OTCQB: ENDV) on Tuesday posted
the company’s financial and operating results for the second quarter. The
company reported revenues for the three months ended June 30, 2019 of $62,729,
a sharp increase compared to $12,854 for the same period last year. Gross
profits for the second quarter were $33,156, as compared to $12,304 for the
same period last year. Endonovo also provided an update on the PEMF assets it
acquired from Rio Grande Neurosciences for $4.5 million in December 2017. “I am
pleased to announce we have executed the business plan and strategy we
implemented after acquiring the PEMF assets and technology in December 2017,
and I am additionally excited to announce the results we attained throughout
the first six months of this year. Our sales network in 2018 included two
distributors and several independent sales representatives throughout the United
States, which began our sales and marketing efforts for SofPulse(R), ultimately
leading to our revenues. Throughout 2019 we expanded our team of independent
sales representatives, began our marketing launch into the U.S. hospitals and
we are focusing on expanding nationally,” Endonovo Therapeutics CEO Alan
Collier stated in the news release.
To view the full press release, visit http://ibn.fm/FroSI
About Endonovo Therapeutics Inc.
Endonovo Therapeutics is a commercial-stage developer of
noninvasive wearable Electroceutical Therapeutic devices. The company’s current
portfolio of commercial and clinical-stage wearable Electroceutical Therapeutic
devices addresses wound healing, pain, postsurgical pain and edema, cardiovascular
disease, chronic kidney disease and central nervous system (“CNS”) disorders,
including traumatic brain injury (“TBI”), acute concussions, postconcussion
syndrome and multiple sclerosis. The company’s noninvasive Electroceutical
Therapeutic device, SofPulse(R), using pulsed short-wave radiofrequency at
27.12 MHz, has been FDA cleared and CE marked for the palliative treatment of
soft-tissue injuries and postoperative pain and edema, and has CMS national
coverage for the treatment of chronic wounds. The company’s current portfolio
of preclinical-stage Electroceuticals Therapeutic devices address chronic
kidney disease, liver disease nonalcoholic steatohepatitis (“NASH”),
cardiovascular and peripheral artery disease (“PAD”), and ischemic stroke. The
company’s noninvasive, wearable Electroceutical Therapeutic devices work by
restoring key electrochemical processes that initiate anti-inflammatory and
growth-factor cascades necessary for healing to occur. For more information,
visit the company’s website at www.Endonovo.com.
NOTE TO INVESTORS: The latest news and updates
relating to ENDV are available in the company’s newsroom at http://ibn.fm/ENDV
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