Maybe I didn't get it right but why Stim-Tac is at 10000$ and truvaga plus is at 500$ with unlimited usages...my concern is why military should pay such a big price for a product if a similar one can be bought much cheaper?
It's most likely to ensure that the military got their own rugged version of gammaCore (which is $2400 per year) and probably some sort of agreement to ensure supply and that their requests are filled. The military isn't using many of these so they wanted to ensure a good relationship with the vendor. The military told electrocore how to price this, they did not choose how to price it.
Hello,
Maybe I didn't get it right but why Stim-Tac is at 10000$ and truvaga plus is at 500$ with unlimited usages...my concern is why military should pay such a big price for a product if a similar one can be bought much cheaper?
It's most likely to ensure that the military got their own rugged version of gammaCore (which is $2400 per year) and probably some sort of agreement to ensure supply and that their requests are filled. The military isn't using many of these so they wanted to ensure a good relationship with the vendor. The military told electrocore how to price this, they did not choose how to price it.
I need to reread this article, but what do have as FV as stock has skyrocketed over last month?
What
What do think is fair value (FV). Sorry for acronym.
I have an explanation in the article but for right now $250m is a safe place in my opinion. Could be much higher depending on execution