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TRXC - Evidence Suggests TransEnterix' Asset Sale Will Fall Through Which Could Cause A Quick 50%+ Drop
TransEnterix Inc.
Our last article on TransEnterix (TRXC) titled: Last Quarter’s Results Proves That TransEnterix’ Surgical Robot Is A Total Failure, proved to be dead on accurate. In fact, you can make the argument that we weren’t bearish enough. After selling five surgical robots in Q418, its most ever, TRXC only sold one in Q119, and only one in Q219. TRXC’s CEO, Todd Pope, in earnings calls had guided 2-4 system sales for each quarter, Q119 and Q219. The company has now stopped giving sales guidance.