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CAS MEDICAL SYSTEMS INC

No Longer Reporting

The company has not filed an annual or quarterly report since its FY2018 10-K, filed Mar 25, 2019. Its latest SEC filing is a 15-12G from Apr 29, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Sells monitors and adhesive sensors that help hospitals track patients’ brain and tissue oxygen levels during surgery and critical care.

How Did They Make Money?

FY2011 revenue

Who Were Their Customers?

Hospitals typically buy its products; anesthesiologists, perfusionists, surgeons, intensivists and nurses use them in operating rooms and intensive care units.

Did Revenues Turn Into Profits?

No. It lost $6.1M in FY2011.

Operating income, FY2011
−29% of revenue
▲ +284% (Loss) vs FY2010 (−$1.7M, −7%)
Net income, FY2011
−27% of revenue
▲ +366% (Loss) vs FY2010 (−$1.3M, −5%)

How Were They Changing?

Since the FY2018 annual report
  • Apr 18, 2019 CASMED became an Edwards subsidiary in a completed merger Nasdaq trading was suspended, and CASMED requested delisting of its common stock.

Shrank. Revenue fell 7% in 1 year, from $24.1M in FY2010 to $22.5M in FY2011, about 7% a year.

From legacy products to a sole focus CASMED shifted from selling FORE-SIGHT with traditional monitoring products and neonatal supplies to focusing solely on FORE-SIGHT oximetry; disposable sensor sales account for most continuing sales.

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