Sensus Healthcare Buys Back Shares
11 Fevereiro 2025 - 10:00AM
Business Wire
Sensus Healthcare, Inc. (Nasdaq: SRTS), a medical device
company specializing in highly effective, non-invasive,
minimally-invasive and cost-effective treatments for oncological
and non-oncological skin conditions, announces that the company has
resumed purchasing shares of its common stock in open-market
transactions under a $3.0 million share repurchase program approved
by its Board of Directors and announced in August 2023.
“We are implementing this program now as we view the repurchase
of our common stock as a compelling opportunity at current prices,”
said Joe Sardano, Chairman and CEO of Sensus Healthcare. “We remain
confident in our growth prospects and believe that returning
capital to shareholders while maintaining the flexibility to invest
in our strategic initiatives best positions us to enhance value for
all stakeholders. We completed a similar $3 million repurchase
program in 2022.”
Today’s announcement marks the resumption of purchases under a
Board-approved program that was announced in August 2023, providing
for the purchase up to $3.0 million of the company’s common stock
from time to time. Prior to the resumption of the program, 9,427
shares had been previously repurchased under the program. The
timing and amount of share repurchases under this program are
determined by Sensus Healthcare’s management at its discretion
based upon its ongoing assessments of the capital needs of the
business, the market price of Sensus’ common stock and general
market conditions. Share repurchases under this program may be made
through a variety of methods, including open-market purchases,
block trades, exchange transactions or any combination thereof. The
program does not obligate Sensus to acquire any particular amount
of its common stock, and the share repurchase program may be
suspended or discontinued at any time at the company’s
discretion.
About Sensus Healthcare
Sensus Healthcare, Inc. is a global pioneer in the development
and delivery of non-invasive treatments for skin cancer and
keloids. Leveraging its cutting-edge superficial radiotherapy (SRT
and IG-SRT) technology, the company provides healthcare providers
with a highly effective, patient-centric treatment platform. With a
dedication to driving innovation in radiation oncology, Sensus
Healthcare offers solutions that are safe, precise, and adaptable
to a variety of clinical settings. For more information, please
visit www.sensushealthcare.com.
Forward-Looking Statements
This press release includes statements that are, or may be
deemed, ''forward-looking statements.'' In some cases, these
statements can be identified by the use of forward-looking
terminology such as "believes," "estimates," "anticipates,"
"expects," "plans," "intends," "may," "could," "might," "will,"
"should," “approximately,” "potential" or negative or other
variations of those terms or comparable terminology, although not
all forward-looking statements contain these words.
Forward-looking statements involve risks and uncertainties
because they relate to events, developments, and circumstances
relating to Sensus, our industry, and/or general economic or other
conditions that may or may not occur in the future or may occur on
longer or shorter timelines or to a greater or lesser degree than
anticipated. In addition, even if future events, developments, and
circumstances are consistent with the forward-looking statements
contained in this press release, they may not be predictive of
results or developments in future periods. Although we believe that
we have a reasonable basis for each forward-looking statement
contained in this press release, forward-looking statements are not
guarantees of future performance, and our actual results of
operations, financial condition and liquidity, and the development
of the industry in which we operate may differ materially from the
forward-looking statements contained in this press release, as a
result of the following factors, among others: the possibility that
inflationary pressures continue to impact our sales; the level and
availability of government and/or third party payor reimbursement
for clinical procedures using our products, and the willingness of
healthcare providers to purchase our products if the level of
reimbursement declines; concentration of our customers in the U.S.
and China, including the concentration of sales to one particular
customer in the U.S.; the development by others of new products,
treatments, or technologies that render our technology partially or
wholly obsolete; the regulatory requirements applicable to us and
our competitors; our ability to efficiently manage our
manufacturing processes and costs; the risks arising from doing
business in China and other foreign countries; legislation,
regulation, or other governmental action that affects our products,
taxes, international trade regulation, or other aspects of our
business; the performance of the Company’s information technology
systems and its ability to maintain data security; our ability to
obtain and maintain the intellectual property needed to adequately
protect our products, and our ability to avoid infringing or
otherwise violating the intellectual property rights of third
parties; and other risks described from time to time in our filings
with the Securities and Exchange Commission, including our Annual
Reports on Form 10-K and Quarterly Reports on Form 10-Q.
Any forward-looking statements that we make in this press
release speak only as of the date of such statement, and we
undertake no obligation to update such statements to reflect events
or circumstances after the date of this press release, except as
may be required by applicable law. You should read carefully our
"Introductory Note Regarding Forward-Looking Information" and the
factors described in the "Risk Factors" section of our periodic
reports filed with the Securities and Exchange Commission to better
understand the risks and uncertainties inherent in our
business.
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version on businesswire.com: https://www.businesswire.com/news/home/20250211854841/en/
Alliance Advisors IR Tirth T. Patel
tpatel@allianceadvisors.com 212-201-6614
Sensus Healthcare (NASDAQ:SRTS)
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