Encision Inc. (ECIA)
OTC PINK OTC PINK Primary Summary
Encision Reports Second Quarter Fiscal Year 2025 Results
BOULDER, CO / ACCESSWIRE / November 15, 2024 / Encision Inc. (OTC PINK:ECIA), a medical device company owning patented Active Electrode Monitoring (AEM®) Technology that prevents dangerous radiant energy burns in minimally invasive surgery, today announced financial results for its fiscal 2025 second quarter that ended September 30, 2024. The Company posted quarterly product net revenue of $1.65 million and service net revenue of $101 thousand, or total net revenue of $1.75 million for a quarterly net loss of $170 thousand, or $(0.01) per diluted share.
Encision Signs Master Services Agreement with Vicarious Surgical Inc.
BOULDER, CO / ACCESSWIRE / August 21, 2024 / Encision Inc. (OTC PINK:ECIA), a medical device company owning patented Active Electrode Monitoring (AEM®) Technology that prevents dangerous stray energy burns in minimally invasive surgery, today announced that Encision has signed a Master Services Agreement ("Agreement") with Vicarious Surgical Inc. ("Vicarious"). The Agreement commenced July 8, 2024 and will continue thereafter until terminated by certain actions of either party.
Encision Reports First Quarter Fiscal Year 2025 Results
BOULDER, CO / ACCESSWIRE / August 15, 2024 / Encision Inc. (OTC PINK:ECIA), a medical device company owning patented Active Electrode Monitoring (AEM®) Technology that prevents dangerous radiant energy burns in minimally invasive surgery, today announced financial results for its fiscal 2025 first quarter that ended June 30, 2024. The Company posted quarterly product net revenue of $1.59 million and service net revenue of $39 thousand, or total net revenue of $1.63 million for a quarterly net income of $22 thousand, or $0.00 per diluted share.
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Encision Inc. Profile
| Electronic Equipment, Instruments & Components Industry | Information Technology Sector | Robert H. Fries CEO | OTC PINK Exchange | 29254Q104 CUSIP |
| US Country | 23 Employees | - Last Dividend | - Last Split | 25 Jun 1996 IPO Date |
Overview
Encision Inc. is a distinguished player in the medical device sector, specializing in the design, development, manufacture, and marketing of patented surgical instruments within the United States. The core of Encision's innovation revolves around its proprietary active electrode monitoring (AEM) technology, which significantly enhances patient safety and outcomes in laparoscopic surgeries. Established in 1991 and headquartered in Boulder, Colorado, Encision has positioned itself as a vital contributor to the field of minimally invasive surgery through its commitment to innovation, safety, and the continuous improvement of surgical outcomes.
Products and Services
Encision's portfolio is particularly geared towards enhancing laparoscopic surgical procedures. The company's offerings can be categorized into specific product lines, each designed with the aim of improving surgical efficiency, safety, and patient outcomes. The detailed overview of their products and services includes:
- AEM Surgical Instruments: This core product line comprises a variety of endo-mechanical instruments such as scissors, graspers, and dissectors. Additionally, fixed-tip electrodes and suction-irrigation electrodes are offered, all embedded with AEM technology to ensure safer surgical outcomes by reducing the risk of unintended thermal injury.
- Handles: Designed for advanced laparoscopic procedures, Encision offers a range of handles that feature stiffer shafts and ergonomic designs. These are engineered to enhance the precision and comfort of surgical operations, facilitating a smoother surgical process with reduced operator fatigue.
- AEM EndoShield 2 Burn Protection System: This innovative system represents a significant advancement in surgery safety, offering active protection against potential burns from electrical mishaps during laparoscopic procedures. The EndoShield 2 system underscores Encision's commitment to patient safety and the elimination of preventable surgical complications.
- AEM Monitor Product Line: To complement its suite of instruments, Encision provides a line of monitors that work in conjunction with the AEM instruments. These monitors are crucial for the real-time surveillance of electrical currents during surgery, ensuring that the AEM system's safety features are fully operational, thereby enhancing the overall safety of laparoscopic procedures.
These products are made available to the healthcare sector through a strategic network of direct and independent sales representatives, ensuring that Encision's innovative solutions are accessible to hospitals and surgical centers across the nation.
