Last $1.41 USD
Change Today +0.03 / 2.17%
Volume 245.1K
CYTX On Other Exchanges
As of 8:10 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

cytori therapeutics inc (CYTX) Snapshot

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11/5/13 - $3.93
52 Week Low
08/22/14 - $1.26
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cytori therapeutics inc (CYTX) Details

Cytori Therapeutics, Inc., a cell therapy company, develops cell therapies based on autologous adipose-derived regenerative cells (ADRCs) to treat cardiovascular disease and other medical conditions. It primarily provides the Celution System, a tissue processing system that automates the process of digesting fat tissue, releasing the ADRCs. The company also offers the StemSource Cell Bank, a suite of products to allow hospitals or tissue banks to cryopreserve adipose-derived stem and regenerative cells; and StemSource 900/MB, a research laboratory equipment. Its products also include Celution 800 System that has CE Mark approval for certain soft tissue procedures, such as breast reconstruction, tissue ischemia, deficiency or injury of skin, fat, and muscle and fascia, as well as soft tissue wounds or fistulae associated with trauma, diabetes, ischemia, and radiation injury. In addition, Cytori Therapeutics, Inc. develops products in therapeutic areas, such as the treatment of thermal burns, and orthopedics and sports medicine indications, as well as specifically heart failure due to ischemic heart disease. The company markets its systems, instrumentations, and consumables directly, as well as through a network of distributors to hospitals, clinics, tissue banks, stem cell banking companies, and researchers performing investigator-initiated and funded studies worldwide. Cytori Therapeutics, Inc. was founded in 1996 and is headquartered in San Diego, California.

115 Employees
Last Reported Date: 03/14/14
Founded in 1996

cytori therapeutics inc (CYTX) Top Compensated Officers

Chief Executive Officer, President, Principal...
Total Annual Compensation: $406.6K
President of Asia Pacific
Total Annual Compensation: $454.4K
Chief Medical Officer and Executive Vice Pres...
Total Annual Compensation: $333.3K
Total Annual Compensation: $389.9K
Executive Vice President of Marketing & Sales
Total Annual Compensation: $329.5K
Compensation as of Fiscal Year 2013.

cytori therapeutics inc (CYTX) Key Developments

Cytori Therapeutics, Inc. Appoints Tiago Girao as Vice President of Finance and Chief Financial Officer, Effective September 2, 2014

Cytori Therapeutics, Inc. announced that Mr. Tiago Girao has been appointed Vice President of Finance and Chief Financial Officer (CFO), with an effective start date of September 2, 2014. Mr. Girao joins Cytori Therapeutics as Vice President of Finance and CFO from NuVasive, Inc.

Cytori Therapeutics, Inc. Announces Executive Changes

Cytori Therapeutics, Inc. announced that Mark Saad, the company's Chief Financial Officer (CFO), has accepted a new opportunity and will be officially leaving Cytori, effective from August 11, 2014. Cytori has recruited a highly qualified candidate who is extremely familiar with Cytori and is currently employed at a local medical company to be next CFO and VP Finance. The Board of Directors has appointed Dr. Marc Hedrick, Cytori's President and Chief Executive Officer, to serve as Principal Financial Officer until a new CFO is appointed. Mr. Saad will remain as a consultant for the company and will continue to support the management team during the transition period.

Cytori Therapeutics, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Cytori Therapeutics, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net loss of $11,828,000 or $0.15 per basic and diluted common share on product revenues of $935,000 along with operating loss of $10,685,000 against net loss of $3,211,000 or $0.05 per basic and diluted common share on product revenues of $1,408,000 along with operating loss of $6,363,000 a year ago. For the six months, the company reported net loss of $22,228,000 or $0.05 per basic and diluted common share on product revenues of $1,965,000 along with operating loss of $20,232,000 against net loss of $10,877,000 or $0.16 per basic and diluted common share on product revenues of $2,800,000 along with operating loss of $13,100,000 a year ago. Net cash used in operating activities was $18,137,000 compared to $17,014,000 a year ago. Purchases of property and equipment were $467,000 compared to $432,000 a year ago.


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