Inspira Technologies Oxy B.H.N. .(IINN)
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Inspira Appoints Former Johnson & Johnson Senior Business Manager as VP of Global Sales and New Board Member from a Leading International Investment Firm - Inspira Technologies Oxy (NASDAQ:IINN)
Benzinga· 2025-10-21 19:40
Core Insights - Inspira Technologies has announced two key leadership appointments to enhance its global commercialization and governance, with Mr. Mike Hershkovitz as Vice President of Global Sales and Ms. Sivan Matza as an independent director on the board [1][4][5] Leadership Appointments - Mr. Mike Hershkovitz brings nearly two decades of experience in U.S. and international healthcare markets, having held senior roles at Johnson & Johnson and other global med-tech organizations, and will lead Inspira's sales strategy and hospital adoption initiatives [3][5] - Ms. Sivan Matza, a director at a leading international investment management firm overseeing tens of billions of dollars in assets, will serve on the board's compensation, audit, and financial statement examination committees, strengthening the company's governance framework [2][4] Strategic Implications - The appointments are seen as a strategic step to enhance Inspira's capabilities, with a focus on accelerating commercial expansion and strengthening governance as the company grows [4][5] - The combined expertise of the new leaders is expected to act as a catalyst for Inspira's next phase of growth and execution, particularly in driving the adoption of its technologies in hospitals worldwide [5] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with its INSPIRA™ ART100 system approved for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S. [7] - The company is also developing the INSPIRA ART500, a next-generation system designed for oxygenation while patients remain awake, and advancing the HYLA™ blood sensor platform for continuous, non-invasive monitoring [7] - With multiple cleared products and a growing IP portfolio, Inspira Technologies is positioned as an attractive player in the life-support and MedTech landscape, reflecting broader industry trends such as consolidation and potential strategic partnerships [7]
Inspira Appoints Former Johnson & Johnson Senior Business Manager as VP of Global Sales and New Board Member from a Leading International Investment Firm
Globenewswire· 2025-10-21 19:40
Core Insights - Inspira Technologies has announced two key leadership appointments to enhance its global commercialization and governance, with Mr. Mike Hershkovitz as Vice President of Global Sales and Ms. Sivan Matza as an independent director on the Board [1][4][5] Leadership Appointments - Mr. Mike Hershkovitz brings nearly two decades of experience in U.S. and international healthcare markets, having held senior roles at Johnson & Johnson and other global med-tech organizations, and will lead Inspira's sales strategy and hospital adoption initiatives [3][5] - Ms. Sivan Matza, a director at a leading international investment management firm overseeing tens of billions in assets, will serve on the Board's compensation, audit, and financial statement examination committees, strengthening the company's governance framework [2][4] Strategic Implications - The appointments are seen as a strategic step to enhance Inspira's capabilities, with a focus on accelerating commercial expansion and strengthening governance as the company grows [4][5] - The combined expertise of the new leaders is expected to act as a catalyst for Inspira's next phase of growth and execution, particularly in driving the adoption of its technologies in hospitals worldwide [5] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with FDA-cleared products including the INSPIRA™ ART100 system for cardiopulmonary bypass and ECMO procedures [7] - The company is also developing the INSPIRA ART500 system and the HYLA™ blood sensor platform, positioning itself as an attractive player in the life-support and MedTech landscape [7]
Inspira Appoints Former Johnson & Johnson Executive as VP of Global Sales and New Board Member from a Leading International Investment Firm
Globenewswire· 2025-10-21 13:05
Core Insights - Inspira Technologies has announced two key leadership appointments to enhance its global commercialization and governance, with Mr. Mike Hershkovitz as Vice President of Global Sales and Ms. Sivan Matza as an independent director on the Board [1][4][5] Leadership Appointments - Mr. Mike Hershkovitz brings nearly two decades of experience in U.S. and international healthcare markets, having held senior roles at Johnson & Johnson and other global med-tech organizations [3] - Ms. Sivan Matza, a director at a leading international investment management firm, has extensive experience in global finance, regulation, and accounting, which will strengthen Inspira's governance framework [2] Strategic Implications - The appointments are seen as a strategic step to enhance Inspira's capabilities and drive its commercial strategy, particularly in accelerating the adoption of its technologies in hospitals worldwide [4][5] - The company aims to align its operations with long-term industry trends, including consolidation and potential strategic partnerships, as it continues to develop advanced medical technologies [7]
Inspira Appoints Former Johnson & Johnson Executive as VP of Global Sales and New Board Member from a Leading International Investment Firm
Globenewswire· 2025-10-21 13:05
Core Insights - Inspira Technologies has announced two key leadership appointments to enhance its global commercialization and governance, with Mr. Mike Hershkovitz as Vice President of Global Sales and Ms. Sivan Matza as an independent director on the Board [1][4][5] Leadership Appointments - Mr. Mike Hershkovitz brings nearly two decades of experience in U.S. and international healthcare markets, having held senior roles at Johnson & Johnson and other global med-tech organizations [3] - Ms. Sivan Matza, a director at a leading international investment management firm, has extensive experience in global finance, regulation, and accounting, which will strengthen Inspira's governance framework [2] Strategic Implications - The appointments are seen as a strategic step to enhance Inspira's capabilities and drive its commercial strategy, particularly in accelerating the adoption of its technologies in hospitals worldwide [4][5] - The company aims to align its operations with long-term industry trends, including consolidation and potential strategic partnerships, as it continues to develop advanced medical technologies [7]
Inspira Appoints Former Johnson & Johnson Executive as VP of Global Sales and New Board Member from a Leading International Investment Firm - Inspira Technologies Oxy (NASDAQ:IINN)
Benzinga· 2025-10-21 13:05
Core Insights - Inspira Technologies has announced two key leadership appointments to enhance its global commercialization and governance, with Mr. Mike Hershkovitz as Vice President of Global Sales and Ms. Sivan Matza as an independent director on the board [1][4][5] Leadership Appointments - Mr. Mike Hershkovitz brings nearly two decades of experience in U.S. and international healthcare markets, having held senior roles at Johnson & Johnson and other global med-tech organizations [3] - Ms. Sivan Matza, a director at a leading international investment management firm, has extensive experience in global finance, regulation, and accounting, which will strengthen Inspira's governance framework [2] Strategic Implications - The appointments are seen as a strategic step to enhance Inspira's capabilities, with a focus on accelerating commercial expansion and strengthening governance [4][5] - The combined expertise of the new appointees is expected to serve as a powerful catalyst for Inspira's next phase of growth and execution [5] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with FDA-cleared products including the INSPIRA™ ART100 system for cardiopulmonary bypass and ECMO procedures [7] - The company is also developing the INSPIRA ART500 system and the HYLA™ blood sensor platform, positioning itself as an attractive player in the life-support and MedTech landscape [7]
Inspira Technologies Oxy B.H.N. .(IINN) - 2025 Q2 - Quarterly Report
2025-10-01 12:00
Financial Performance - As of June 30, 2025, total assets decreased to $4,452,000 from $8,070,000 as of December 31, 2024, representing a decline of approximately 44%[5] - The company reported revenues of $289,000 for the six months ended June 30, 2025, compared to $0 for the same period in 2024, indicating a significant growth in revenue[10] - The total comprehensive and net loss for the six months ended June 30, 2025, was $6,398,000, slightly higher than the loss of $6,240,000 for the same period in 2024[10] - Cash and cash equivalents decreased to $2,126,000 as of June 30, 2025, down from $5,111,000 as of December 31, 2024, a reduction of approximately 58%[5] - The company incurred accumulated losses of $72,972,000 as of June 30, 2025, compared to $66,574,000 as of December 31, 2024, reflecting ongoing financial challenges[8] - The loss for the period ending June 30, 2025, was $6,398, with a basic and diluted loss per share of $(0.24), compared to a loss of $6,240 and $(0.38) per share for the same period in 2024[59] Revenue and Sales - As of June 30, 2025, the Company recorded revenues of $289,000 from sales of the INSPIRA ART100 systems and carts[34] - The cost of revenues for the six months ended June 30, 2025, totaled $287,000, with materials and subcontractors accounting for $235,000[48] - The Company has received binding purchase orders totaling $49.5 million for its FDA-cleared INSPIRA ART100 system and carts, with $22.5 million on July 2, 2025, and $27 million on August 19, 2025[84] Research and Development - Research and development expenses increased to $3,638,000 for the six months ended June 30, 2025, from $3,270,000 in the same period of 2024, indicating a focus on product development[10] - The Company received total funds of approximately $809 from the IIA for upgrading manufacturing capabilities, which were deducted from R&D expenses[72] - The Company received a total of NIS 1,300,171 (approximately $351) from the IIA as part of a development project, which is 40% of the approved budget of NIS 3,850,869 (approximately $1,062) for the period from January 2024 to March 2025[73] Shareholder Activities - The company issued 2,575,753 ordinary shares under an at-the-market facility, generating gross proceeds of approximately $1,621,000 before costs[21] - The weighted average number of ordinary shares increased to 26,782,603 for the six months ended June 30, 2025, compared to 16,628,582 for the same period in 2024, reflecting increased capital raising activities[10] - The Company sold 2,575,753 Ordinary Shares under the ATM facility, generating gross proceeds of approximately $1,621, after deducting offering costs of approximately $113[53] Regulatory and Compliance - The INSPIRA ART100 system received FDA 510(k) regulatory clearance, marking a significant milestone for the company's product offerings[21] - The Company expects new accounting standards to impact only its disclosures, with no effect on its results of operations or financial condition[27] Liabilities and Obligations - The company reported a financial liability of $69,000 as of June 30, 2025, related to commissions on proceeds from exercises of 2024 Private Warrants[41] - The Company has recorded a liability of $9 against cost of sales expenses as of June 30, 2025, related to the grants received from the IIA, with a maximum obligation of $1,161 plus SOFR interest contingent upon future sales[76] - The Company is obligated to pay royalties of 3% of sales up to the amount equal to the accumulated grant received, linked to the U.S. dollar and bearing interest at an annual rate of SOFR[74] Management and Governance - Salaries and related expenses for officers and directors for the six months ended June 30, 2025, amounted to $1,043,000, compared to $881,000 for the same period in 2024[49] - Share-based payment expenses for officers and directors increased to $1,625,000 for the six months ended June 30, 2025, from $652,000 in the prior year[49] - The Company's board of directors approved a grant of 1,200,000 RSUs to officers, vesting over three years, with a future grant of 300,000 RSUs contingent on achieving a revenue-based milestone[84] Inventory and Assets - The total inventory as of June 30, 2025, was $711,000, which includes $219,000 in raw materials, $478,000 in work in progress, and $14,000 in finished goods[40] - As of June 30, 2025, the Company had a total of 7,070,239 outstanding warrants with a weighted average exercise price of $4.14 and a remaining contractual term of 1.14 years[57] - The fair value of the 2023 Private Warrants decreased from $1,506,000 as of December 31, 2024, to $817,000 as of June 30, 2025[45] Legal and Risk Factors - The Company believes that ongoing legal claims will not result in any material adverse effect on its financial condition as of June 30, 2025[78] - The company’s operations were not materially impacted by recent geopolitical conflicts, although there are potential risks to supply chains and future growth prospects[23]
Inspira Technologies Reports First Half 2025 Financial Results and Issues Business Update
Globenewswire· 2025-10-01 12:00
Core Insights - Inspira Technologies has transitioned from a development-stage company to commercial execution, achieving significant milestones including $49.5 million in binding purchase orders and clinical validation in leading hospitals [2][4] - The HYLA blood sensor has demonstrated a 97.35% accuracy rate, positioning the company favorably for FDA submission and enhancing its growth outlook [2][5] - The company is targeting an annual revenue run rate of at least $70 million in 2026, driven by confirmed global demand and an expanding product pipeline [2][5] Recent Business and Operational Updates - The company secured binding purchase orders totaling $49.5 million for the INSPIRA™ ART100 system, including a $22.5 million order and a $27 million order from a national ministry of health in Africa [5] - The first human treatment using the ART100 system was successfully completed at Westchester Medical Center in April 2025, validating the technology's performance [5] - The ART100 system has been expanded for use in lung transplantation procedures at a top U.S. hospital [5] - U.S. patent approval was received for the INSPIRA™ ART500 core technology, providing protection until at least 2043 [5] - The company engaged a strategic consulting firm to accelerate growth initiatives and maximize enterprise value [5] Financial Results for the Six Months Ended June 30, 2025 - Revenues recognized were $289,000, with a gross profit of $2,000 after accounting for costs of $287,000 [4][15] - Total operating expenses increased to $7,235,000 compared to $5,806,000 in the same period in 2024, primarily due to increases in general and administrative expenses [9][15] - Research and development expenses rose to $3,638,000 from $3,270,000 in the same period in 2024 [9][15] - The net loss for the period was $6,398,000, slightly higher than the net loss of $6,240,000 for the same period in 2024 [9][15] Cash Position and Financial Liabilities - As of June 30, 2025, the company had cash and cash equivalents of $2,126,000, down from $5,779,000 as of December 31, 2024 [9][12] - Financial liabilities at fair value totaled $886,000, a decrease from $1,575,000 as of December 31, 2024 [9][12]
All You Need to Know About Inspira Technologies OXY (IINN) Rating Upgrade to Buy
ZACKS· 2025-09-22 17:01
Core Viewpoint - Inspira Technologies OXY B.H.N. Ltd. (IINN) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive trend in earnings estimates which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Stock Ratings - The Zacks rating system is based on changes in a company's earnings picture, tracking EPS estimates from sell-side analysts through a consensus measure known as the Zacks Consensus Estimate [2]. - The Zacks rating upgrade reflects an improvement in the earnings outlook for Inspira Technologies OXY, which is expected to lead to increased buying pressure and a rise in stock price [4][6]. Impact of Institutional Investors - Changes in future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [5]. - An increase in earnings estimates typically results in higher fair value for a stock, prompting institutional investors to buy or sell, which subsequently affects stock prices [5]. Earnings Estimate Revisions - Inspira Technologies OXY is projected to earn -$0.37 per share for the fiscal year ending December 2025, with no year-over-year change expected [9]. - Over the past three months, the Zacks Consensus Estimate for Inspira Technologies OXY has increased by 2.6%, indicating a positive trend in earnings estimates [9]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade to Zacks Rank 2 places Inspira Technologies OXY in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [11].
Inspira to Unveil HYLA™ Real-Time Blood Sensor at U.S. ELSO; 97.35% Accuracy Confirmed - Inspira Technologies Oxy (NASDAQ:IINN)
Benzinga· 2025-09-18 12:00
Core Insights - Inspira Technologies is set to unveil its HYLA blood sensor at the ELSO Annual Conference, marking its first presentation to the global medical community [1][2] - The HYLA sensor has demonstrated a performance accuracy of 97.35% compared to standard blood gas analyzers, positioning it as a significant advancement in medical technology [2] - The ELSO conference serves as a strategic platform for Inspira to engage with key opinion leaders and potential commercial partners [3][4] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with its ART100 system cleared by the FDA for cardiopulmonary bypass and ECMO procedures [5] - The company is developing the next-generation ART500 system, which aims to provide oxygenation while patients remain awake and breathing spontaneously [5] - Inspira is advancing its proprietary HYLA blood sensor platform for continuous, non-invasive monitoring, enhancing its position in the life-support and MedTech landscape [5]
Inspira to Unveil HYLA™ Real-Time Blood Sensor at U.S. ELSO; 97.35% Accuracy Confirmed
Globenewswire· 2025-09-18 12:00
Core Insights - Inspira Technologies is set to unveil its HYLA blood sensor at the U.S. ELSO Annual Conference, marking its first presentation to the global medical community [1][2] - The HYLA sensor has demonstrated a performance accuracy of 97.35% compared to standard blood gas analyzers, positioning it as a significant advancement in medical technology [2] - The ELSO conference serves as a strategic platform for Inspira to engage with leading clinicians and industry leaders, facilitating discussions on commercialization and partnerships for the HYLA platform [3] Company Overview - Inspira Technologies specializes in advanced respiratory support and real-time blood monitoring solutions, with its FDA-cleared ART100 system approved for cardiopulmonary bypass in the U.S. and ECMO procedures outside the U.S. [5] - The company is developing the INSPIRA ART500, a next-generation system designed for oxygenation while patients remain awake and breathing spontaneously [5] - Inspira is advancing its proprietary HYLA blood sensor platform, which offers continuous, non-invasive monitoring, and is positioned as an attractive player in the life-support and MedTech landscape [5]