Novita Healthcare TALi Train Reimbursement Approval
Novita Healthcare Ltd (ASX: NHL) was a big mover after securing U.S, reimbursement code system status for its digital attention treatment program TALi Train. The approval from the Food Drug and Administration allows for patient reimbursement under CPT codes. The CPT codes for reimbursement underscores the fact that TALi is increasingly being recognized as a new, scalable, and effective non-invasive technology for basement and treatment.
Tali Train is a 25 minutes program that seeks to strengthen children, core attention skills from selective attention to sustained attention as well as executive attention. Controlled clinical trials have already validated the program as an early intervention program for improving attention in kids.
The attention program should allow the company to have exposure to the multibillion-dollar digital healthcare segment. The fact that TALi Train is the only regulatory cleared digital cognitive assessment and training program for children should allow the company to generate significant value. For starters, the CY2019 Medicare Physician Fee Schedule payment is up to $235.70.
Flexiroam Rallies on Cash Receipts Increase
Flexiroam Ltd (ASX: FRX) traded higher after delivering a 14% increase in cash receipts for its second quarter for the 2020 financial year. Cash receipts in the quarter came in at A$2.25 million, attributed to higher data utilization from customers. The company also benefited from purchases from new inventories as well as business growth. Revenue in the quarter was up 152% to $2.93 million.
The increase in cash receipts underscores the fact that the company’s strategies of investing in future growth are paying off and should lead to revenue growth. In addition to pursuing revenue, growth Flexiroam Limited is also pursuing cost optimization efforts in addition to ensuring that available resources are used efficiently.
Flexiroam Limited is also looking to accelerate customer acquisition through the implementation of collaborative partnerships. The company is also working on increasing direct marketing activities with a view of yielding positive results in acquiring new customers. Continuing partnerships with airlines and travel insurance providers should accord the company access to primed customers.
Vmoto Limited Robust Unit Sales
Vmoto Ltd (ASX: VMT) was up by more than 10% after delivering positive cash flow for its third quarter. Total cash flows as of September 30, 2019, stood at A$6.4 million up by A$1.3 million from the second quarter of last year.
The strong cash position came at the backdrop of a strong quarter that saw the company deliver a 94% increase in total unit sales. Strong unit sales came at the backdrop of sales growth on international markets that saw the company sell 4,839 units representing a 57% increase.
The company also benefited from the appointment of a new exclusive distributor that expanded international distribution operations. In pursuit of sales growth in Europe, the company is pursuing sales opportunities through B2B and B2C sectors.
In addition to unit sales, Vmoto Limited is also on its way to developing new models of electric two-wheel vehicles. Vmoto Limited has already opened discussions with Zig Zag Italy as it looks to expand its operations in the country.