Subanati Nabeel Paul, Vice President of Finance at Avinger Inc (NASDAQ 🙂 , a $1.92M market cap medical microdrops company and currently trades at $0.59 per share, recently reported a sale of common stock. According to Investment Data, the stock has experienced significant volatility, falling nearly 80% over the past year. On January 23, 2025, Paul sold 1,255 shares at an average price of $0.5567 per share, for a total of about $698. This transaction was required to cover tax withholding obligations associated with the restriction of restricted stock units (RSUS) and does not constitute a discretionary trade by Paul. Following this transaction, Paul directly owns 3,296 shares. Investment The analysis suggests that the stock is currently undervalued, although the company’s overall financial health score is rated as weak. Discover 11 additional key insights about AVGR and access a comprehensive research report, available exclusively with an investment subscription.
In other recent news, Avinger Inc, a medical products company, reported a slight decrease in total revenue to $1.7 million for the third quarter. Despite this, gross margins improved to 26% and operating expenses decreased to $4.1 million. The company also made strategic moves, halting production and sales of its peripheral artery products to focus on developing devices to treat coronary artery disease.
Avinger declared dividends on its Series E, F and H convertible preferred stock and increased the number of certain shares of Series F preferred stock. It is part of the company’s ongoing capital management strategy. In addition, the company expanded its equity incentive plan and extended its term to 2034, providing incentives to employees, advisors and non-employee directors through various forms of scholarships.
However, the company faces potential defaults on its financial obligations due to lack of liquidity and is considering liquidation. Avinger’s executive officers have waived their rights ahead of this potential liquidation. Furthermore, the company faces a potential demerger from NASDAQ for not complying with minimum bid price requirements. These are some of the recent events for Avinger Inc.
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