Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

Our 80,000 qualified print subscribers—and 130,000 12-month engaged online audience—trust us to dive in and provide original journalism you won’t find elsewhere covering key emerging areas such as laser-driven inertial confinement fusion, lasers in space, integrated photonics, chipscale lasers, LiDAR, metasurfaces, high-energy laser weaponry, photonic crystals, and quantum computing/sensors/communications. We cover the innovations driving these markets.

Laser Focus World is part of Endeavor Business Media, a division of EndeavorB2B.

Laser Focus World Membership

Never miss any articles, videos, podcasts, or webinars by signing up for membership access to Laser Focus World online. You can manage your preferences all in one place—and provide our editorial team with your valued feedback.

Magazine Subscription

Can you subscribe to receive our print issue for free? Yes, you sure can!

Newsletter Subscription

Laser Focus World newsletter subscription is free to qualified professionals:

The Daily Beam

Showcases the newest content from Laser Focus World, including photonics- and optics-based applications, components, research, and trends. (Daily)

Product Watch

The latest in products within the photonics industry. (9x per year)

Bio & Life Sciences Product Watch

The latest in products within the biophotonics industry. (4x per year)

Laser Processing Product Watch

The latest in products within the laser processing industry. (3x per year)

Get Published!

If you’d like to write an article for us, reach out with a short pitch to Sally Cole Johnson: [email protected]. We love to hear from you.

Photonics Hot List

Laser Focus World produces a video newscast that gives a peek into what’s happening in the world of photonics.

Following the Photons: A Photonics Podcast

Following the Photons: A Photonics Podcast dives deep into the fascinating world of photonics. Our weekly episodes feature interviews and discussions with industry and research experts, providing valuable perspectives on the issues, technologies, and trends shaping the photonics community.

Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

RMTG Achieves Operational Profitability Expands Sales by 52% for Q3 Year Over Year and Reaches Gross Profit Margin of 75% for Q3

RMTG is pleased to announce that it has achieved operational profitability

LAS VEGAS, NV / ACCESSWIRE / November 19, 2024 / Regenerative Medical Technology Group Inc. (RMTG) ("the "Company"), a recognized leader in regenerative medicine and cellular therapies, is pleased to announce that it has achieved operational profitability (see definition below) this quarter. Also, sales expanded by 52% from $646,828 in Q3 2023 to $986,308 in Q3 of this year and the Company achieved a gross profit margin of 75% for Q3 of this year.

RMTG
RMTG
Logo

David Christensen, CEO of Regenerative Medical Technology Group said, "We are very pleased to announce our Q3 results and see our latest efforts translating into significant growth and operational profitability. Our Revenues continue to increase Year-over-Year with our patient procedures alone increasing by over 370% from Q3 2023."

Patient procedures is the Company's fastest growing revenue segment and represents 37% of revenue for this quarter compared to 12% for Q3 of last year. The Company expects patient procedure revenues to significantly increase as its Dubai clinic comes online. The Company expects to work on opening additional clinics in the future.

Benito Novas, founder and CEO of Global Stem Cells Group added, "As we continue to expand revenues through our main lines of business which include training, product supplies and equipment and patient procedures and we look to launch our Dubai clinic next week, we have started to look at preliminary internal plans for building out a manufacturing facility most likely located in Cancun to manufacture exosomes, stem cells and other biologics to vertically integrate and take advantage of the expanding market for these products. Having a manufacturing facility would not only increase our margins for the same product sold but give us more control over the quality of the products we sell."

Operational profitability is defined as revenue minus all operating expenses excluding interest and taxes and is a measure of management's ability to efficiently operate the business and create operating profits.

About Regenerative Medical Technology Group

Regenerative Medical Technology Group is a regenerative medicine company offering diverse products and services through its wholly owned subsidiary Global Stem Cells Group (GSCG). GSCG is an innovative provider of regenerative medicine solutions, dedicated to advancing healthcare through innovative patient therapies. With a global presence and a multidisciplinary team of experts, the organization strives to harness the potential of stem cells and regenerative medicine to improve patient outcomes across various medical fields. Through its extensive network of clinics, research facilities, and training centers, GSCG is committed to pushing the boundaries of regenerative medicine and making a positive impact on global healthcare. The Company also distributes stem cells and other regenerative based cell lines, and equipment internationally and likewise specializes in education and training physicians in the area of regenerative medicine.

Please see this and other Company filings at www.sec.gov.

About Global Stem Cells Group

Founded by Benito Novas, Global Stem Cells Group seeks to advance the field of regenerative medicine globally. With a robust presence across continents, the organization provides both treatments and educational programs aimed at empowering doctors, researchers, and patients. Through ISSCA, GSCG conducts specialized training, certification, and hands-on workshops designed to promote best practices in the application of cellular therapies.

For more information about the Dubai clinic opening, ISSCA training event, or Global Stem Cells Group, please visit the Global Stem Cells Group website.

Global Stem Cells Group is a publicly traded company operating under the symbol RMTG. https://finance.yahoo.com/quote/RMTG/

To learn more about Global Stem Cells Group, Inc.'s companies, visit our website www.stemcellsgroup.com or call +1 305 560 5331.

Forward Looking Statements

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to the Company herein, including those related to the opening of the Regenerative Medicine Clinic and Laboratory and its ability to expand into the UAE markets for regenerative care, are expressly qualified in their entirety by the above-mentioned cautionary statement. The Company disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

For further information, please contact: investor.relations@regenmedtechgroup.com

Telephone: (800) 956-3935

Contact Information

Investor Relations
Investor Relations
investor.relations@regenmedtechgroup.com
(800) 956-3935

SOURCE: Regenerative Medical Technology Group



View the original press release on accesswire.com

More News

View More

Recent Quotes

View More
Symbol Price Change (%)
AMZN  222.41
+5.93 (2.74%)
AAPL  264.06
+1.82 (0.70%)
AMD  238.71
-1.85 (-0.77%)
BAC  51.95
-0.09 (-0.18%)
GOOG  248.01
-9.01 (-3.50%)
META  731.47
-0.70 (-0.10%)
MSFT  516.00
-0.79 (-0.15%)
NVDA  182.21
-0.43 (-0.24%)
ORCL  280.06
+2.88 (1.04%)
TSLA  447.54
+0.11 (0.03%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.