Quick Take
Guardion Health Sciences (GHSI) intends to raise $9 million from an IPO of its common stock, per an amended S-1 registration statement.
The company provides condition-specific medical foods and vision testing solutions.
Management is asking investors to pay an extremely high Price / Sales multiple at IPO, while the firm is burning through cash and shows no path to profitability.
Company & Technology
San Diego, California-based GHSI was founded in 2009 to develop, formulate and distribute condition-specific medical foods.
Its first product is Lumega-Z that replenishes and restores the macular