|CareView (CRVW.PK): Pro-Active Research 2Q09 Update|
|Tuesday, 18 August 2009 12:42|
CareView Communications, Inc. (CRVW.PK) designs, markets, and operates high-speed data network systems that are deployed throughout healthcare facilities using the existing cable television infrastructure of the facility. The systems provide bedside, point-of-care video monitoring and recording as well as providing patients with entertainment, communications and education systems. The Company's systems are suitable for use by a wide variety of healthcare institutions including hospitals, nursing homes, adult living centers and select outpatient care facilities.
Pro-Active Research Analyst, Ira Zadikow, also notes that CareView Communications has attracted a distinguished team of executives and advisers including Tommy Thompson (former Secretary of Health and Human Services), Samuel Greco (from Columbia/HCA), and Craig Benson (co-founder of Cabletron Systems and a former Governor of New Hampshire).
Disclosure: No positionsThe Company's 2Q09 revenue was $12,047 vs. $10,188 in the year-ago period, resulting in a net loss of ($1.25 million) vs. ($0.75 million) during 2Q08. CareView posted an operating cash flow loss of ($499,863) during 2Q09 vs. ($90,056) in the year-ago period. Pro-Active reiterated its previous Speculative Buy rating on CareView, but has not issued a price target at this early stage in the Company's development.