Hancock Jaffe Laboratories Inc (OQ:HJLI)

Sector:  Healthcare Industry:  Medical Equipment, Supplies & Distribution
See Regulatory Filings on SEC
Company Contact
Address: 70 Doppler
IRVINE CA 92618-4306
Tel: N/A
Website: www.hancockjaffe.com
IR: See website
Key People
Business Overview
Hancock Jaffe Laboratories, Inc. is a development stage medical device company. The Company is developing biologic-based solutions that are designed to be life enhancing for patients with cardiovascular disease, peripheral arterial and venous disease, and end stage renal disease (ESRD). The Company is in the process of developing bioprosthetic implantable devices for cardiovascular disease. The Company's Bioprosthetic Heart Valve (BHV), is a bioprosthetic, pig heart valve designed to function like a native heart valve, and designed to provide a patient greater functional performance than available devices. The Company's product Venous Valve is a bioprosthetic, pig venous valve for patients with lower limb chronic venous insufficiency (CVI), which occurs because of damage to the valves of the veins in the legs after patients develop blood clots in the deep venous system.
Financial Overview
For the fiscal year ended 31 December 2020, HancockJaffe Laboratories Inc revenues decreased from $31K to $0K.Net loss applicable to common stockholders increased 28% to$9.7M. Revenues reflect a decrease in demand for theCompany's products and services due to unfavorable marketconditions. Higher net loss reflects Research anddevelopment expenses increase of 93% to $4.3M (expense),Other expenses increase from $0K to $216K (expense).
Employees: 19 as of Mar 19, 2021
Reporting Currency: U.S. Dollars
Enterprise value: $41.74M as of Dec 31, 2020
Annual revenue (TTM): $0.00M as of Dec 31, 2020
EBITDA (TTM): -$9.04M as of Dec 31, 2020
Net annual income (TTM): -$9.74M as of Dec 31, 2020
Free cash flow (TTM): -$7.86M as of Dec 31, 2020
Net Debt Last Fiscal Year: N/A
Shares outstanding: 8,503,636 as of Mar 25, 2021
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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