Few pink sheets can provide its stockholders with relatively sustainable growth. That is why, the case with Insite Vision Inc. (OTC:INSV) is a rare exception.
Ever since the beginning of 2011, INSV stock has been, more often than not, on the rise. While failing to add a single pip to its value yesterday, its turnover certainly made up for it as more than 430 thousand shares changed hands. Thus, it marked a fivefold increase over the previous session, as well as a 330% surge in comparison with the daily average trading volume.
The consistent market behaviour of INSV stock might be partially due to the lack of promotional activities, hence the stock has not been a subject of a pump-and-dump scheme for quite a while. On the contrary, INSV appears to have adopted a more conventional approach to increasing its corporate value. As it seems, the company has been developing a number of would-be products, duly providing comprehensive updates every now and then. In connection therewith, its latest update was revealed yesterday, informing the general public that INSV was going to introduce a brand-new polymer-based technology during an upcoming specialized forum on ophthalmology scheduled to take place in early-May. [BANNER]
Based in Alameda, California, Insite Vision Inc. pretends to be committed to developing high-class ophthalmologic products designed to sasisfy yey care needs that have yet to be met. The company claims to have created a polymer technology, DuraSite(R), which has already created a couple of Stage-3 product candidates.
It was just a week ago, when INSV revealed its annual 2010 report, accompanied by a Q4 report. As of Dec. 31, 2010, the company has:
- $16 million in cash and cash equivalents;
- total revenue f $11.9 million, which marks a 33% increase over 2009;
- an annual net loss of $9.6 million as compared to $14.2 million in 2009;
Although the financial state of INSV seems to be fairly stable, it still has a long way to go in order to turn its net losses into profits. Provided that its two late-stage product candidates hit the market soon and manage to meet with market success, traders may potentially realize considerable returns on their investment in INSV stock.
