Assure Holdings

Assure Holdings

IOM

Last Updated On: January 1, 2019

Share Price On This Date: $2.05

This company provides neuromonitoring services to surgeons. Operations are mostly in Colorado but the company is actively expanding into other states.

Summary

Assure Holdings is a company based out of Colorado that managed to find its way onto the Canadian exchanges. The company offers neuro-monitoring services to surgeons. If the surgeon starts to cut into a nerve during an operation, the technologists running Assure's machines can alert the doctor before irreparable harm is done. The company is reporting strong earnings and has exciting growth potential as it pursues expansion into states outside their home turf in Colorado. 2018 was a difficult year as the founder of the company used the company credit card a little too liberally for his own personal expenses. Trading was halted for five months as new auditors and new management were brought in. The company appears to be back on track, with exciting growth potential as they continue to roll out their services into new states and new surgical applications. Lingering doubts remain about the ability of the company to fully collect on its billings, but recent results have been encouraging in this regard. Even assuming that a significant proportion of billings will ultimately be uncollectable, the strong growth prospects and the low valuation make this a compelling story.

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