Viveve Medical Inc.

Viveve, Inc. is a women's health company committed to enhancing women’s lives by providing clinically proven, high quality products that improve their overall well-being and quality of life. The globally patented Viveve® System, that delivers the GENEVEVE™ treatment, remodels and restores vaginal collagen using cryogen-cooled, monopolar radiofrequency (CMRF) energy-based technology in a single 30-minute out-patient session. International regulatory clearances have been received for vaginal laxity and/or improvement in sexual function indications from over 50 countries. Consistent with these approvals, Viveve has submitted an IDE to the FDA to conduct a pivotal study on use of the device for improvement in sexual function. Currently, in the United States, the Viveve System is cleared by the FDA for general surgical procedures for electrocoagulation and hemostasis.
InControl Products by Viveve are FDA cleared medical devices that treat stress, urge, and mixed incontinence conditions and products to improve pelvic floor strength. Viveve exclusively distributes InControl Medical’s products to healthcare providers in the United States.

Expert Comments:

A company marketing a product designed to enhance women's sexual function announced preliminary financial results for Q4/17 that caught the attention of several analysts.
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Anthony Vendetti, Maxim Group (1/4/18)
"Today, before the market open, Viveve Medical Inc. announced preliminary Q4/17 revenue of approximately $5.1M, up 108% year over year (YOY). . .management introduced 2018 revenue guidance of $22–24M, representing 44–57% YOY growth over preliminary FY17 revenue. . .we would continue to be buyers of the company."

Jeff Cohen, Ladenburg Thalmann (1/4/18)
"Viveve Medical Inc. announced preliminary Q4/17 and FY17 topline results with revenue of $15.3M for FY17, beating our estimate of $15.2M. . .we believe that it is appropriate to value the company based on its representative peers, and as such, we have determined that its valuation should be approximately six times anticipated revenue during FY21. . .we reiterate our Buy rating and price target of $15."

Brian Marckx, Zacks Small-Cap Research (1/4/18)
"Viveve Medical Inc. expects to report sales of 80 consoles, including 57 in the U.S., 2,600 consumable treatment tips and total revenue of $5.1M for Q4/17. . .the company also provided initial revenue guidance of $22–24M for 2018. . .the Q4/17 preannouncement and 2018 initial revenue guidance were largely in line with our respective estimates." -Zacks Small-Cap Research

Jefferson Research (12/22/17)
Viveve Medical Inc. is showing strong cash flow quality and earnings quality, and valuation suggests a lower amount of price risk."

Brian Marckx, Zacks Small-Cap Research (12/8/17)
"Subanalysis of Viveve Medical Inc.'s VIVEVE I data showed that patients who underwent a single treatment with the Viveve System experienced greater improvement on all six domains of the sexual functioning FSFI measure versus patients given sham treatment. Improvement (versus sham) on three of the six domains was statistically significant. . .these subanalysis data should provide additional confidence in the eventual success of the company's U.S. Food and Drug Administration pivotal study." -Zacks Small-Cap Research

Following the company's release of its latest financial report, three analysts weighed in on the results.
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Brian Marckx, Zacks Small-Cap Research (11/15/17)
"The 47 U.S. consoles that Viveve Medical Inc. placed in Q3/17 was, by far, the strongest since the domestic launch in Q4/16 and up from 27 in Q2/17 and 29 in Q1/17. The company will build on this early momentum in the U.S. and expects to incrementally increase the size of the sales force, including adding reps during the remainder of 2017." -Zacks Small-Cap Research

Maxim Group reported on this firm's Q3/17 earnings, as well as its progress in obtaining international regulatory clearances for its medical system.
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Brian Marckx, analyst with Zacks Small-Cap Research, reports that a $20 million loan received by a U.S.-based medical device company could further fuel growth.
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More Expert Comments

Experts Following This Company

Gregory Chodaczek, Analyst – Sterne Agee
Jeff Cohen, Analyst – Ladenburg Thalmann
Josh Jennings – Cowen & Co.
Brian Marckx, CFA – Zacks Small-Cap Research
Anthony Vendetti – Maxim Group

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
First clinically efficacious technology addressing a $7B market opportunity with limited to no competition
Seasoned medical device executive team with a history of significant successes
Highly undervalued stock with >90% ownership from high quality, institutional healthcare investors