Motus GI Reports Third Quarter 2023 Financial Results and Provides Corporate Update
“The past several months was an exciting period for the Company, as we executed against our strategy on several fronts.
- “The past several months was an exciting period for the Company, as we executed against our strategy on several fronts.
- Financial Results for the Third Quarter Ended September 30, 2023
The Company reported revenue of $86,000 for the third quarter 2023, compared to $278,000 for the same period last year. - Share data is on a split adjusted basis resulting from the Company’s reverse stock split effective as of November 2, 2023.
- This balance included the fully funded credit facility with Kreos Capital, which has approximately $9.2 million due and outstanding as of September 30, 2023.