CV on Nasdaq
CapsoVision, Inc
In its 2026 annual report the company says: “We are a global commercial-stage medical technology company focused on creating diagnostic and screening products to identify abnormalities of the GI tract. We develop advanced imaging and AI technologies in creating such products while maximizing the flexibility, convenience, profitability, and safety of patient care. We are a Delaware company, incorporated in 2005.”4 It is headquartered in Saratoga, United States.2 Its shares trade on Nasdaq under the symbol CV.2
Price unavailable
Last updated Oct 21, 2026.
Overview
Compare with Hyperfine, Inc., ESCALON MEDICAL CORP or QT IMAGING HOLDINGS, INC., or pick any stock.
- TickerCV on Nasdaq2
- IndustryElectromedical & Electrotherapeutic Apparatus2
- HeadquartersSaratoga, United States2
- Incorporated inDE3
- Business address18805 Cox Avenue Suite 250, Saratoga, Ca 950703
- Filer category, Emerging growth company3
- Legal formCorporation2
- LEI529900I9VO18RX33ME312
- StatusActive2
- LEI statusIssued and current2
- Registered addressc/o NATIONAL REGISTERED AGENTS, INC., 1209 ORANGE STREET, 19801 Wilmington, United States2
- Registered withDivision of Corporations, Department of State, 40084452
See how the biggest companies compare on our leaderboards
We are a global commercial-stage medical technology company focused on creating diagnostic and screening products to identify abnormalities of the GI tract. We develop advanced imaging and AI technologies in creating such products while maximizing the flexibility, convenience, profitability, and safety of patient care. We are a Delaware company, incorporated in 2005. Our corporate headquarters is located in Saratoga, California.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue26¢$6.4M
- Research and development74¢$18.3M
- Income tax0¢$24.0K
Out of $13.6M in revenue.5 The company lost money this year.
Financial statements
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $11.8M5 | $13.6M5 | |
| Cost of revenue | $5.4M5 | $6.4M5 | |
| Gross profit | $6.4M5 | $7.2M5 | |
| Research and development | $15.1M5 | $18.3M5 | |
| Operating expenses | $26.3M5 | $32.7M5 | |
| Operating income | -$19.9M5 | -$25.5M5 | |
| Income before tax | -$19.9M5 | -$25.3M5 | |
| Income tax | $11.0K5 | $24.0K5 | |
| Net income | -$19.9M5 | -$25.3M5 | |
| Earnings per share | -$9.855 | -$1.035 | |
| Earnings per share (diluted) | -$9.855 | -$1.035 | |
| Shares (weighted, basic) | 2.0M shares5 | 24.6M shares5 | |
| Shares (weighted, diluted) | 2.0M shares5 | 24.6M shares5 |
| Fiscal year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Receivables | $2.0M5 | $2.5M5 | |
| Inventory | $2.6M5 | $3.0M5 | |
| Current assets | $14.8M5 | $16.7M5 | |
| Property, plant and equipment | $720.0K5 | $611.0K5 | |
| Total assets | $16.8M5 | $18.2M5 | |
| Accounts payable | $749.0K5 | $1.1M5 | |
| Current liabilities | $1.8M5 | $4.4M5 | |
| Total liabilities | $2.7M5 | $4.9M5 | |
| Retained earnings | -$130.3M5 | -$155.7M5 | |
| Shareholders’ equity | -$109.8M5 | -$129.5M5 | $13.3M5 |
| Shares outstanding | 2.1M shares5 | 46.9M shares5 |
Corporate structure
CapsoVision, Inc sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of CapsoVision, Inc
- Eli Harari Filed SCHEDULE 13G/A on CapsoVision, Inc, latest May 6, 2026 (2 filings since Oct 14, 2025)
- Ching Hang Shen Filed SCHEDULE 13G/A on CapsoVision, Inc, latest Apr 15, 2026 (2 filings since Dec 22, 2025)
- CID Greater China Venture Capital Fund III, L.P. Filed SCHEDULE 13G/A on CapsoVision, Inc, latest Apr 7, 2026 (2 filings since Oct 29, 2025)
- KIOXIA Corp Filed SCHEDULE 13G on CapsoVision, Inc, latest Nov 12, 2025
- CapsoVision, Inc Saratoga, California, United States
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What CapsoVision, Inc reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Machinery and equipment | $928.0K5 Dec 31, 2025 | $821.0K5 Dec 31, 2024 | +13.0% |
| Computer equipment and software | $101.0K5 Dec 31, 2025 | $101.0K5 Dec 31, 2024 | 0% |
| Leasehold improvements | $157.0K5 Dec 31, 2025 | $157.0K5 Dec 31, 2024 | 0% |
| Accumulated depreciation | $575.0K5 Dec 31, 2025 | $359.0K5 Dec 31, 2024 | +60.2% |
| Property and equipment, net | $611.0K5 Dec 31, 2025 | $720.0K5 Dec 31, 2024 | −15.1% |
| Operating-lease assets (leased space) | $843.0K5 Dec 31, 2025 | $1.2M5 Dec 31, 2024 | −29.5% |
Inventory
| Item | Latest | A year before | Change |
|---|---|---|---|
| Inventory, total | $3.0M5 Dec 31, 2025 | $2.6M5 Dec 31, 2024 | +13.6% |
| Raw materials | $1.9M5 Dec 31, 2025 | $1.6M5 Dec 31, 2024 | +21.2% |
| Work in process | $994.0K5 Dec 31, 2025 | $897.0K5 Dec 31, 2024 | +10.8% |
| Finished goods | $107.0K5 Dec 31, 2025 | $176.0K5 Dec 31, 2024 | −39.2% |
Properties, in its own words
Our principal office is located at 18805 Cox Avenue, Suite 250, Saratoga, California 95070, where we lease 14,058 square feet of space to house our principal office, manufacturing and warehouse facilities to support our business operations and clinical trial supply. This lease will expire in 2027, subject to our option to an additional three-year term. We lease two office facilities in Taiwan, where a small group of our employees are stationed, pursuant to two lease agreements: (i) a lease agreement for 12 months that commenced on February 15, 2025 and was renewed on the original expiration date of February 14, 2026 for another year until February 14, 2027, and (ii) a lease agreement for 12 months which commenced on May 16, 2025 and will expire on May 15, 2026.
Our existing facilities will continue to support our research and development, finance, marketing, and administrative teams. We believe that our facilities are adequate to support our expansion through the end of the facilities’ lease periods. We believe that suitable additional or alternative space would be available in the future as required on commercially reasonable terms.
Item 2 of the 10-K filed Mar 26, 2026.4
Leadership
Who has led CapsoVision, Inc, and when. Pick a name to see everywhere that person has worked.
Chief financial officer
- Chief financial officerKevin Michael Lundquist Jul 1, 2025 to now8
Board members and other officers (11)
- Head of Global SalesDouglas Patrick Atkinson Jul 1, 2025 to now9
- OfficerKang-Huai Wang Jul 1, 2025 to now10
- Director of Clinical AffairsRebecca Ann Petersen Jul 1, 2025 to now11
- Board memberDavid Stanley Shields Jul 2, 2026 to now12
- Board memberChen Lung Tsai Jul 1, 2025 to now13
- Board memberHui Ying Kuo Jul 1, 2025 to now14
- Board memberJoanne Carol Imperial Jul 1, 2025 to now15
- Board memberJulia S. Gouw Jul 1, 2025 to now16
- Board memberKang-Huai Wang Jul 1, 2025 to now10
- Board memberMichele Harari Jul 1, 2025 to now17
- Board memberWen-Herng Henry King Jul 1, 2025 to now18
Named in SEC Form D filings
People the company listed in its private-offering notices.
Former names
- Capso Vision IncOct 10, 2006 to Feb 21, 20143
Timeline
- Sep 28, 20268-K Other events20
- Sep 18, 20268-K Entered a material agreement21
- Aug 18, 20268-K Other events22
- Aug 13, 20268-K Entered a material agreement; Results of operations23
- Jul 2, 20268-K Executive or director change; Regulation FD disclosure24
- Jun 12, 20268-K Shareholder vote25
- May 14, 20268-K Results of operations26
- Mar 26, 20268-K Results of operations27
- Mar 20, 20268-K Entered a material agreement; Results of operations; Unregistered sale of shares28
- Mar 13, 20268-K Entered a material agreement29
- Dec 29, 20258-K Other events30
- Nov 13, 20258-K Results of operations31
- Aug 1, 2005Founded CapsoVision, Inc is founded2
Calendar
Coming up
- Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.17) a share, on Nov 13, 2025.32
When it reported results
- Aug 13, 2026Reported quarterly or annual results23
- May 14, 2026Reported quarterly or annual results26
- Mar 26, 2026Reported quarterly or annual results27
- Mar 20, 2026Reported quarterly or annual results28
- Nov 13, 2025Reported quarterly or annual results31
- Aug 14, 2025Reported quarterly or annual results33
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
125 filings to the SEC since October 2021: 1 annual reports, 4 quarterly reports, 19 major events, 61 insider forms, 7 large holders, 3 private raises, 30 other. The latest 20:
- Sep 28, 20268-K EDGAR
- Sep 23, 20264/A PRIMARY DOCUMENT EDGAR
- Sep 23, 20264/A PRIMARY DOCUMENT EDGAR
- Sep 23, 20264 PRIMARY DOCUMENT EDGAR
- Sep 18, 20264 PRIMARY DOCUMENT EDGAR
- Sep 18, 2026424B5 EDGAR
- Sep 18, 20268-K EDGAR
- Aug 21, 2026EFFECT EDGAR
- Aug 21, 2026424B5 EDGAR
- Aug 18, 20268-K EDGAR
- Aug 13, 2026S-3 EDGAR
- Aug 13, 202610-Q EDGAR
- Aug 13, 20268-K EDGAR
- Jul 21, 20264 PRIMARY DOCUMENT EDGAR
- Jul 10, 20264 PRIMARY DOCUMENT EDGAR
- Jul 7, 20264 PRIMARY DOCUMENT EDGAR
- Jul 2, 20264 EDGAR
- Jul 2, 20263 EDGAR
- Jul 2, 20268-K EDGAR
- Jul 1, 20264 EDGAR
The 125 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
8 open-market trades by officers, directors and large owners since October 2021: 7 buys and 1 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Sep 18, 2026 | HARARI ELIYAHOU ET AL10% owner | Buy | 1,757,469 | $5.69 | $10.0M | Form 4 |
| Sep 15, 2026 | Shen Ching Hang10% owner | Buy | 878,734 | $5.69 | $5.0M | Form 4 |
| Sep 15, 2026 | Shen Ching Hang10% owner | Buy | 878,734 | $5.69 | $5.0M | Form 4 |
| Jul 17, 2026 | HARARI ELIYAHOU ET AL10% owner | Buy | 61,068 | $6.73 | $411.0K | Form 4 |
| Jul 8, 2026 | HARARI ELIYAHOU ET AL10% owner | Buy | 81,300 | $6.09 | $495.1K | Form 4 |
| Jun 26, 2026 | HARARI ELIYAHOU ET AL10% owner | Buy | 13,850 | $7.35 | $101.8K | Form 4 |
| Jun 8, 2026 | Imperial Joanne CarolDirector | Sale | 1,200 | $7.16 | $8.6K | Form 4 |
| Jul 3, 2025 | Tsai Chen LungDirector | Buy | 20 | $4.17 | $83 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Eli HarariSCHEDULE 13G/A, 2 filings Oct 14, 2025 to May 6, 202634
- Ching Hang ShenSCHEDULE 13G/A, 2 filings Dec 22, 2025 to Apr 15, 202635
- CID Greater China Venture Capital Fund III, L.P.SCHEDULE 13G/A, 2 filings Oct 29, 2025 to Apr 7, 202636
- KIOXIA CorpSCHEDULE 13G, 1 filing Nov 12, 202537
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Kevin LundquistFormer Chief Financial Officer | $213.1K | $664.9K38 | |
| 2025 | David GarciaSenior Vice President, Finance | 52 | $50.0K | $625.3K38 |
| 2025 | Douglas AtkinsonSenior Vice President of Global Sales | 58 | $283.1K | $417.5K38 |
| 2025 | Kang-Huai (Johnny)Wang President and Chief Executive Officer | $250.0K38 | ||
| 2024 | Douglas AtkinsonSenior Vice President of Global Sales | 58 | $283.1K | $423.7K38 |
| 2024 | Kang-Huai (Johnny)Wang President and Chief Executive Officer | $204.1K | $309.7K38 | |
| 2024 | Kevin LundquistFormer Chief Financial Officer | $54.2K | $219.3K38 |
Money raised
Private offerings the company reported to the SEC on Form D.
- Nov 21, 2019Raised $64.8 million in a private offering of equity Form D: $64.8 million offered in all Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 50. Change is in shares since the quarter before.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| BlackRock, Inc. | 1,896,088 | $14.4M | 0.0% | +591,667 |
| Vanguard Capital Management LLC | 1,058,468 | $8.0M | 0.0% | +32,199 |
| Geode Capital Management, LLC | 578,482 | $4.4M | 0.0% | +143,328 |
| State Street Corp | 410,241 | $3.1M | 0.0% | +154,200 |
| Vanguard Portfolio Management LLC | 240,425 | $1.8M | 0.0% | +76,039 |
| Northern Trust Corp | 220,095 | $1.7M | 0.0% | +67,761 |
| Vanguard Fiduciary Trust Co | 103,630 | $785.5K | 0.0% | +14,998 |
| Charles Schwab Investment Management Inc | 79,360 | $601.5K | 0.0% | +17,983 |
| Bank of New York Mellon Corp | 75,021 | $568.7K | 0.0% | +25,727 |
| Nuveen, LLC | 46,011 | $348.8K | 0.0% | +12,913 |
| Deutsche Bank Ag\ | 34,700 | $263.0K | 0.0% | +9,411 |
| XTX Topco Ltd | 31,845 | $241.4K | 0.0% | −35,536 |
| Wells Fargo & Company/mn | 31,820 | $241.2K | 0.0% | +21,575 |
| Bank Of America Corp /de/ | 25,469 | $193.1K | 0.0% | +3,231 |
| Rhumbline Advisers | 21,969 | $166.5K | 0.0% | +8,837 |
| MetLife Investment Management, LLC | 21,114 | $160.0K | 0.0% | +4,408 |
| Invesco Ltd. | 18,827 | $142.7K | 0.0% | New |
| Morgan Stanley | 18,723 | $141.9K | 0.0% | +3,787 |
| Goldman Sachs Group Inc | 18,627 | $141.2K | 0.0% | −17,484 |
| Citigroup Inc | 16,384 | $124.2K | 0.0% | +15,981 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 16,064 | $121.8K | 0.0% | +3,010 |
| Jpmorgan Chase & Co | 14,566 | $109.8K | 0.0% | +3,248 |
| Russell Investments Group, Ltd. | 14,449 | $109.5K | 0.0% | +12,243 |
| Police & Firemen's Retirement System of New Jersey | 13,277 | $100.6K | 0.0% | +6,319 |
| Barclays PLC | 11,796 | $89.4K | 0.0% | −70 |
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How CapsoVision, Inc is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARCapsoVision, Inc1
- CIK0001378325
- Employer ID (EIN)20-33694944
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
- Incorporated inDelaware4
- Fiscal year endsDecember 311
- Industry code (SIC)3845 Electromedical & Electrotherapeutic Apparatus1
- SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
- Business address18805 Cox Avenue Suite 250, Saratoga, CA 950701
- Phone(408) 370-47901
- Shares outstanding50,046,913 as of Aug 12, 20267
- Public float$0 as of Jun 30, 20255
- AuditorBaker Tilly US, LLP, Santa Clara, California PCAOB ID 23; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceOct 10, 20061
- Filings140 in all: 4 (41), 8-K (19), 3 (15), D (13), 4/A (5), 10-Q (4), CORRESP (4), D/A (4)1
All 28 form types
SCHEDULE 13G (4), EFFECT (3), S-1/A (3), SCHEDULE 13G/A (3), UPLOAD (3), 424B5 (2), DRS (2), DRSLTR (2), S-1 (2), 10-K (1), 424B3 (1), 424B4 (1), 8-A12B (1), CERT (1), DEF 14A (1), DRS/A (1), FWP (1), REGDEX (1), S-3 (1), S-8 (1)
- Latest filingsAnnual report (10-K) Mar 26, 2026
Quarterly report (10-Q) Aug 13, 2026
Proxy statement (DEF 14A) Apr 28, 2026
Latest 8-K (8-K) Sep 28, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| common stock, $0.001 par value per share | CV | The Nasdaq Stock Market LLC |
From the cover page of the 10-K filed Mar 26, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks CapsoVision, Inc names in Item 1A of its 10-K filed Mar 26, 2026: 69 risks under these headings, as written.4
- Business and Industry Risk Factors
- We have a history of net losses, and we expect to incur additional losses in the foreseeable future.
- Our audited financial statements for the years ended December 31, 2025 and December 31, 2024 include a footnote raising substantial doubt about our ability to continue as a “going concern” and we will likely need to raise additional financing to fund our business and revenue growth plans.
- All of our revenues to date have been, and in the near-term will continue to be, generated from CapsoCam Plus related sales for the small bowel; and our ability to grow our small-bowel-related revenue is subject to our ability to successfully and timely execute related elements of our revenue growth strategy.
- CapsoCam Colon is our initial strategic effort to expand revenues for our GI-tract capsule endoscopy solution beyond small-bowel-related sales; we do not currently expect to generate CapsoCam Colon-related revenues until FDA clearance for the second generation of our CapsoCam Colon solution.
- Broad adoption of our CapsoCam Colon solution (once cleared) and growing related revenues depend on, among other things, expanding beyond CapsoCam Colon’s initial indicated patient population, increasing the accuracy of our initial CapsoCam Colon solution, and achieving and maintaining a satisfactory successful completion rate for capsule endoscopies using our CapsoCam Colon solution; and we may fail to successfully and timely execute related elements of our CapsoCam Colon adoption and revenue growth strategy.
- Our longer term efforts to expand our GI-tract capsule endoscopy solutions beyond small bowel and colon pathologies and medical conditions may not succeed.
- Any failure or defect in our GI-tract capsule endoscopy solution could harm our reputation, expose us to liability, and reduce our sales.
- We face substantial geopolitical and trade risks (including a possible trade war and imposition of tariffs and supply chain interruptions) and natural disaster risks associated with our business operations in Asia (particularly Taiwan and Japan).
- We may face expansion risks when expanding in existing and entering into new foreign markets.
- The clinical results of our various clinical studies (including those for our CapsoCam Colon capsule) may not be released in any peer-reviewed publications.
- We operate in a highly competitive industry, and competitive pressures could have a material adverse effect on our business, financial condition, results of operations, and prospects.
The other 58 risks
- Cost-containment efforts of our customers and purchasing groups could have a material adverse effect on our sales and results of operations. Consolidation in the healthcare industry or group purchasing organizations could lead to demands for price concessions, which may affect our ability to sell our products at prices necessary to support our current business strategies.
- The effectiveness of our CapsoCam capsules heavily relies on patients adhering to our use protocols. Other companies or institutions may develop and market novel or improved methods that may make our technologies less competitive or obsolete.
- There are risks associated with use of our CapsoCam capsules, including capsule retention, component failures and aspiration.
- We may need additional capital to execute our business plan, and we may be unable to raise additional capital on acceptable terms.
- Our existing sales and marketing team may face challenges in selling additional products and features added to our GI-tract capsule endoscopy solution.
- The success of our business is substantially dependent upon the efforts of our senior management team and certain other key personnel and our ability to retain these individuals and to attract additional key personnel.
- Macroeconomic conditions could materially adversely affect our business, financial condition, results of operations, and prospects.
- Adverse developments affecting the financial services industry could adversely affect our current and projected business operations, financial condition and results of operations.
- Shutdowns of the U.S. federal government could materially adversely affect our business, financial condition, results of operations, and prospects.
- Risk Related to Regulatory Matters
- We may not obtain or may experience delays in obtaining 510(k) clearance for our planned second generation of our CapsoCam Colon solution (with improved optics and other components), which would adversely impact our ability to commercialize this product and generate related revenue.
- Failure to obtain or delays in obtaining 510(k) clearance for our CapsoCam Colon capsule endoscopy solution could result in additional costs or liabilities and adversely impact our reputation, ability to sell our CapsoCam Plus capsule endoscopy solution, and our ability to compete effectively in this or other markets. Any of these outcomes could have a material adverse effect on our business, financial condition, and results of operations.
- We may face regulatory challenges and delays in obtaining 510(k) clearance for marketing of those CapsoCam capsules incorporating our self-developed AI technology, including our CapsoCam Colon capsule endoscopy solution and CapsoCam Plus capsule endoscopy solution (small bowel).
- If Medicare and other third-party payors, including managed care organizations, do not approve reimbursement for our products at adequate reimbursement rates, we may be unable to successfully commercialize our products which would likely have a material adverse effect on our business.
- If we or our distributors fail to comply with regulatory requirements, we may be subject to stringent penalties and our business may be materially adversely affected.
- Healthcare policy and funding/budgetary changes could have a material adverse effect on our business, financial condition, results of operations, and prospects.
- Changes to U.S. tariff measures and other potential changes in international trade relations implemented by the U.S. could have a material adverse effect on our business, financial condition, cash flows and results of operations.
- Changes in tax laws or tax rulings could adversely affect our effective tax rates, results of operations and financial condition.
- Our relationships with board-certified physicians are subject to various state laws and there is no assurance that our current practices will remain compliant.
- Our products must be manufactured in accordance with applicable laws and regulations, and we could be forced to recall our products or terminate production if we fail to comply with these regulations.
- Some of our activities may subject us to risks under federal and state laws prohibiting “kickbacks” and false or fraudulent claims.
- Failure to comply with the Foreign Corrupt Practices Act (the “FCPA”), economic and trade sanctions regulations, and similar laws could subject us to penalties and other adverse consequences.
- Risks Related to Our Reliance on Third Parties
- We rely on various suppliers to assist us in the assembly and manufacture of our GI-tract capsule endoscopy solution and sourcing of critical and other components and many of these suppliers are single source suppliers located in Asia (particularly Taiwan and Japan); any disruption in our supply chain could adversely affect our ability to meet the demand for our products and fulfil our orders.
- We depend on our authorized agent and importer for a significant portion of our revenue.
- We rely on third parties to conduct and support our clinical trials. These third parties may not properly and successfully carry out their contractual duties or meet expected deadlines, which could harm our ability to obtain marketing authorization of or commercialize future products we develop.
- We rely on relationships with contracted physicians to provide reading services to certain customers.
- Data Privacy Risk Factors
- We may face risks associated with our use and development of artificial intelligence, including our AI technology.
- Actual or perceived failures to comply with applicable data privacy and security laws, regulations, standards and other requirements could adversely affect our business, financial condition, results of operations, and prospects.
- We leverage cloud-based CapsoCloud for easy access to patients’ in vivo videos, however use of CapsoCloud faces complicated compliance requirements.
- Our business and operations may suffer in the event of information technology system failures, cyberattacks, or deficiencies in our cybersecurity.
- Risks Relating to Our Intellectual Property
- Our success will depend on our ability to obtain, maintain, enforce, and protect our intellectual property rights.
- If we fail to identify our patentable inventions or adequately protect our patent rights, the commercial value of our products, services or technologies may be adversely affected and our competitive position may be harmed.
- Obtaining and maintaining patent protection depends on compliance with various procedural, document submission, fee payment, and other requirements imposed by governmental patent agencies, and our patent protection could be reduced or eliminated for non-compliance with these requirements.
- Our patents will eventually expire, and our patent protection will be reduced or eliminated by expiration of patents in our patent portfolio.
- Changes in U.S. or foreign patent laws or their interpretations could diminish the value of our patents in general, thereby impairing our ability to protect our current and future products, services, or technologies, and could increase the uncertainties and costs surrounding the prosecution of our patent applications and the enforcement or defense of our current or future patents.
- We may not be able to protect our intellectual property rights throughout the world.
- If we cannot successfully enforce our intellectual property rights, the commercial value of our products, services, or technologies may be adversely affected and our competitive position may be harmed.
- We may become a party to intellectual property litigation or administrative proceedings that could be expensive, time-consuming, and unsuccessful, and could interfere with our ability to develop, manufacture, commercialize, import, or otherwise use our products, services, or technologies.
- We may be subject to claims challenging the inventorship or ownership of our patents and other intellectual property rights.
- If we are unable to protect the disclosure and use of our confidential information and trade secrets, the value of our products, services, and technologies and our business and competitive position could be harmed.
- If our trademarks and trade names are not adequately protected, we may not be able to build brand name recognition in our markets of interest and our competitive position may be harmed.
- Our products contain third-party open source software components and failure to comply with the terms of the underlying open source software licenses could restrict our ability to sell our products, affect our ability to protect our proprietary information, and subject us to possible litigation.
- Risks Relating to Financial and Accounting Matters
- Our ability to utilize our net operating loss carryforwards and research and development tax credits may be limited.
- We have identified two material weaknesses in our internal control over financial reporting. These material weaknesses could adversely affect our ability to report our results of operations and financial condition accurately and in a timely manner.
- We may face litigation and other risks as a result of the material weaknesses in our internal control over financial reporting.
- Risks Relating to Our Common Stock
- We are an emerging growth company and a smaller reporting company, and we cannot be certain if the reduced reporting requirements applicable to emerging growth companies and smaller reporting companies will make our common stock less attractive to investors.
- We will incur increased costs and are subject to additional regulations and requirements as a result of operating as a public company, which could lower our profits or make it more difficult to run our business.
- If we are unable to design, implement, and maintain effective internal control over financial reporting in the future, investors may lose confidence in the accuracy and completeness of our financial reports and the market price of our common stock may decline.
- We do not intend to pay dividends in the foreseeable future. As a result, your ability to achieve a return on your investment will depend on appreciation in the market price of our common stock.
- We may require additional capital to support business growth, and this capital might not be available on terms favorable to us, or at all, and may dilute existing stockholders’ ownership of our common stock.
- Sales of a substantial number of shares of our common stock in the public market could cause our stock price to fall.
- Provisions in our charter documents and under Delaware law could discourage a takeover that stockholders may consider favorable and may lead to entrenchment of management.
- Claims for indemnification by our directors, officers, and other employees or agents may reduce our available funds to satisfy successful third-party claims against us and may reduce the amount of money available to us.
- Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware will be the exclusive forum for certain disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
- The market price of our common stock may be volatile, which could cause the value of your investment to decline.
- If securities or industry analysts do not publish research or reports about our business, or if they issue an adverse or misleading opinion regarding our stock, our stock price and trading volume could decline.
- General Risk Factors
- Product and professional liability suits against us could result in expensive and time-consuming litigation, payment of substantial damages and increases in our insurance rates.
- We may engage in acquisitions that could disrupt our business, cause dilution to our stockholders and reduce our financial resources.
- We or the third parties we depend on may be adversely affected by natural disasters and other catastrophic events, and our business continuity and disaster recovery plans may not adequately protect us from a serious natural disaster or other catastrophic event. Any interruption in our operations or the operations of third parties who supply components or other materials for our products may have a material adverse effect on our business, financial condition, results of operations, and prospects.
Legal proceedings
From time to time, we may become involved in various legal proceedings arising from the normal course of business activities. We are not presently a party to any litigation the outcome of which, we believe, if determined adversely to us, would individually or taken together, materially and adversely affect our business, financial condition, or results of operations. Future litigation may be necessary to defend ourselves, our partners, and our customers by determining the scope, enforceability, and validity of third-party proprietary rights, to establish our proprietary rights or for other matters. Involvement in such proceedings is costly and can impose a significant burden on management and employees. The results of any current or future litigation cannot be predicted with certainty, and regardless of the outcome, litigation can have an adverse impact on us because of legal expenses and settlement costs, diversion of management attention, and resources and other factors.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- 9
- 10SEC EDGARKang-Huai Wang, Officer
- 11
- 12SEC EDGARDavid Stanley Shields, Board member
- 13SEC EDGARChen Lung Tsai, Board member
- 14SEC EDGARHui Ying Kuo, Board member
- 15SEC EDGARJoanne Carol Imperial, Board member
- 16SEC EDGARJulia S. Gouw, Board member
- 17SEC EDGARMichele Harari, Board member
- 18SEC EDGARWen-Herng Henry King, Board member
- 19
- 20SEC EDGAROther events
- 21SEC EDGAREntered a material agreement
- 22SEC EDGAROther events
- 23
- 24
- 25SEC EDGARShareholder vote
- 26SEC EDGARResults of operations
- 27SEC EDGARResults of operations
- 28
- 29SEC EDGAREntered a material agreement
- 30SEC EDGAROther events
- 31SEC EDGARResults of operations
- 32NasdaqNasdaq calendar
- 33
- 34
- 35
- 36
- 37
- 38