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About Brain Scientific
Its shares trade under the ticker BRSF. It has been listed since 16 August 2017. In the fiscal year to 31 December 2022, it reported revenue of $210,000 and a net loss of $12.3m. At that date it held total assets of $11.7m and shareholders' equity of $4.3m.
Brain Scientific, Inc. is a neurology-focused medical device and software company, which provides a centralized platform for data acquisition and analysis of electroencephalography (EEG) data that combines medical device technologies with cloud-based telehealth services. The company is headquartered in Sarasota, Florida. The company went IPO on 2017-08-16. The firm has two subsidiaries, each of which is focused on one of its complementary product lines. The neurology products of its subsidiary, Memory MD, Inc., are medical devices and software products designed for the neurology market. The products of its subsidiary, Piezo Motion Corp. are motion products, which are small piezoelectric motors designed for use as motors within medical devices and devices outside of the MedTech industry. The company has developed about twelve motor platforms and micro dosing pumps, each of which is available commercially. Its NeuroCap is a disposable, soft layered cap with an integrated electrode circuit that is designed to address problems of conventional electroencephalography (EEG) systems. The NeuroEEG connects wirelessly to the computer, allowing freedom of movement for the patient and enabling telemedicine applications.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Health Care
- Industry
- Health Care Equipment & Supplies
- Listed since
- 16 Aug 2017
- Employees
- 11
- Website
- brainscientific.com ↗
Leadership
Pay as last reported
- Mr. Hassan KotobChairman of the Board, Chief Executive Officer, since 2021$3.0m
- Ms. Bonnie-Jeanne GeretyChief Financial Officer$381,208
- Dr. Mark BroderickPresident of Piezo Motion Corp.$250,000
- Mr. Daniel CloutierChief Revenue Officer, Director, since 2021$27,647
- Dr. Nickolay KukekovIndependent Director$27,647
- Mr. Daniel MackenzieIndependent Director$27,647
- Mr. Thomas OlivierIndependent Director$27,647
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Brain Scientific Inc. has 11 employees and a neurology-focused medical device platform.
- Memory MD Inc. develops medical devices and software for the neurology market.
- Piezo Motion Corp. produces small piezoelectric motors for medical devices and other industries.
Weaknesses
- The company has only 11 employees and limited workforce.
- Brain Scientific Inc. has two subsidiaries but limited product diversity.
- The company's NeuroCap is a disposable product with potential market limitations.
Opportunities
- The NeuroEEG wireless connection offers telehealth service expansion opportunities.
- The company's twelve motor platforms can be commercialized in new markets.
- Piezo Motion Corp.'s micro dosing pumps have potential for broader applications.
Threats
- The company's small size and limited workforce may hinder growth.
- Brain Scientific Inc. faces competition from larger medical device companies.
- The NeuroCap's disposable nature could lead to higher costs for patients.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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