PAVmed Inc
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Yet to be announced
Company Overview
PAVmed Inc. is a medical device company focused on developing and commercializing innovative medical technologies. The company's portfolio includes products in various stages of development across multiple medical fields including minimally invasive surgery, diagnostics, and interventional medicine.
Revenue Sources
Based on the company's financial statements and business activities, PAVmed's revenue comes from medical devices and healthcare-related products and services. These activities are considered halal as they provide legitimate healthcare solutions and do not involve any haram products or services.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $996,000 | $13.99m | - | $1.42m | 0.00% | 10.12% |
| June 30, 2024 | $979,000 | $15.44m | - | $774,000 | 0.00% | 5.01% |
| March 31, 2024 | $1.01m | $17.43m | - | $2.38m | 0.00% | 13.68% |
| Dec. 31, 2023 | $1.05m | $18.2m | - | $769,000 | 0.00% | 4.23% |
The company has significant interest expenses relative to its total expenses over the past four quarters. The interest expense ratios have consistently exceeded acceptable thresholds, indicating that interest plays a material role in the company's financial structure.
Operational Ethics
After reviewing available public information, SEC filings, and company disclosures, there is no evidence of significant ongoing associations with entities involved in human rights violations such as the state of Israel or the Chinese Communist Party.
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