Vivos Therapeutics, Inc. (VVOS) Bundle
Could Vivos Therapeutics, Inc. truly be revolutionizing the approach to sleep apnea treatment? Reporting revenues near $3.9 million for Q3 2024 and having already treated over 40,000 patients cumulatively with its distinctive, non-invasive Vivos System, the company is certainly making waves. It operates within the challenging but vast obstructive sleep apnea market, presenting a unique alternative to traditional therapies. Ready to explore the history, ownership structure, and core business model driving this medical technology innovator forward?
Vivos Therapeutics, Inc. (VVOS) History
Vivos Therapeutics, Inc.'s Founding Timeline
Year established
Vivos Therapeutics, Inc. was incorporated in Colorado in 2016.
Original location
The company initially established its operations in Littleton, Colorado.
Founding team members
R. Kirk Huntsman has been a central figure, serving as Chairman and CEO, guiding the company since its early stages.
Initial capital/funding
While specific seed funding details are not widely publicized, the company initially operated with capital from founders and early investors before pursuing larger private placements and eventually public funding.
Vivos Therapeutics, Inc.'s Evolution Milestones
Year | Key Event | Significance |
---|---|---|
2017 | Began commercialization of the Vivos System | Initiated revenue generation and market entry with its novel approach to sleep-disordered breathing. |
2020 | Completed Initial Public Offering (IPO) on Nasdaq | Raised approximately $19 million gross proceeds, providing crucial growth capital and increasing market visibility. |
2021 | Received FDA 510(k) clearance for mRNA device | Achieved regulatory validation for its mandibular Repositioning Nighttime Appliance for treating mild-to-moderate OSA and snoring in adults. |
2022-2023 | Expanded Vivos Integrated Provider (VIP) network & received mmRNA clearance | Scaled distribution through dental partnerships and gained FDA clearance for its modified mmRNA device, broadening treatment options. |
2024 | Focused on commercial execution and clinical data | Continued emphasis on increasing adoption within the dental community, generating further clinical evidence, and managing operations. Reported Q3 2024 revenue of $4.0 million. |
Vivos Therapeutics, Inc.'s Transformative Moments
The decision to go public in December 2020 was a watershed event. This IPO not only infused the company with necessary expansion capital but also significantly elevated its profile within the medical and investment communities.
Securing successive FDA 510(k) clearances for its therapeutic oral appliances represented critical validation points. These regulatory milestones legitimized the Vivos System for treating mild-to-moderate obstructive sleep apnea and snoring, paving the way for broader adoption by healthcare professionals. Understanding the investment dynamics post-IPO became critical. Exploring Vivos Therapeutics, Inc. (VVOS) Investor Profile: Who’s Buying and Why?
Building the Vivos Integrated Provider (VIP) network marked a strategic transformation in its distribution model. Partnering directly with dentists to deliver the Vivos Method allowed the company to scale its reach and integrate its potentially life-changing therapy into established patient care pathways through 2024.
Vivos Therapeutics, Inc. (VVOS) Ownership Structure
Vivos Therapeutics operates as a publicly traded company, meaning its shares are available for purchase by the general public on stock exchanges. This structure results in a diverse ownership base composed primarily of retail investors, company insiders, and institutional holders.
Vivos Therapeutics, Inc.'s Current Status
As of the end of 2024, Vivos Therapeutics, Inc. is listed on the Nasdaq Capital Market under the ticker symbol VVOS. Being a public entity subjects it to regulatory oversight by the Securities and Exchange Commission (SEC), requiring regular financial disclosures and adherence to governance standards.
Vivos Therapeutics, Inc.'s Ownership Breakdown
Understanding who holds the shares provides insight into potential influences on company strategy. For those interested in a deeper dive, consider Exploring Vivos Therapeutics, Inc. (VVOS) Investor Profile: Who’s Buying and Why? The ownership distribution as reported for the fiscal year 2024 is approximately as follows:
Shareholder Type | Ownership, % | Notes |
---|---|---|
Public and Retail Investors | ~73.5% | Shares held by the general public. |
Company Insiders | ~20.0% | Includes shares held by executives, directors, and significant private holders closely associated with the company. |
Institutional Investors | ~6.5% | Shares held by mutual funds, pensions funds, hedge funds, and other large investment entities. |
Vivos Therapeutics, Inc.'s Leadership
The strategic direction and day-to-day operations of the company are guided by its executive team and board of directors. Key figures leading the organization at the close of 2024 included:
- R. Kirk Huntsman: Chairman and Chief Executive Officer
- Bradford D. Peterson: Chief Financial Officer
This leadership team is responsible for executing the company's mission and navigating the complexities of the medical device market, particularly concerning treatments for sleep-disordered breathing.
Vivos Therapeutics, Inc. (VVOS) Mission and Values
Vivos Therapeutics centers its purpose on addressing significant health issues, specifically sleep-disordered breathing, aiming for widespread impact beyond simple financial returns. The company's culture and strategic direction are deeply rooted in this patient-focused objective.
Vivos Therapeutics' Core Purpose
Understanding the driving force behind a company like Vivos provides crucial context for its operations and growth trajectory. It helps stakeholders, including those detailed in Exploring Vivos Therapeutics, Inc. (VVOS) Investor Profile: Who’s Buying and Why?, grasp the long-term vision.
Official mission statement
To rid the world of obstructive sleep apnea (OSA).
Vision statement
While not always explicitly stated as a formal vision, Vivos consistently communicates its goal to establish the Vivos Method as a primary treatment option and standard of care for mild-to-moderate OSA and sleep-disordered breathing globally.
Company slogan
The Vivos Method.
Vivos Therapeutics, Inc. (VVOS) How It Works
Vivos Therapeutics develops and commercializes medical technologies aimed at addressing sleep-disordered breathing (SDB), including mild-to-moderate obstructive sleep apnea (OSA), by focusing on the underlying craniofacial anatomy. The company primarily equips trained dentists and healthcare providers with its proprietary oral appliances and protocols to treat patients.
Vivos Therapeutics, Inc.'s Product/Service Portfolio
Product/Service | Target Market | Key Features |
---|---|---|
The Vivos System™ (Oral Appliances) | Patients with mild-to-moderate OSA and SDB; Dentists & Medical Professionals | Custom-fit, non-invasive, non-surgical daytime/nighttime appliances (e.g., mRNA, mmRNA, DNA); Aims to remodel/enhance airway; Used as part of a prescribed therapy protocol. |
Vivos Integrated Practice (VIP) Program & Training | General Dentists, Orthodontists, Medical Doctors | Clinical education, practice integration support, billing guidance, marketing resources; Enables providers to offer Vivos treatment. As of late 2024, the network continued its expansion efforts. |
Billing Intelligence Service | Enrolled Vivos Providers (VIPs) | Medical billing support to facilitate reimbursement for Vivos treatment protocols from medical insurance carriers, reducing practice administrative burden. |
Vivos Therapeutics, Inc.'s Operational Framework
Vivos operates primarily through a B2B2C model. It trains independent dentists and, increasingly, medical providers through its Vivos Integrated Practice (VIP) program, equipping them with the knowledge and tools to diagnose and treat SDB using The Vivos System™. Patients are typically identified through screening by these trained providers or direct marketing efforts. Once a patient is deemed a candidate, the provider prescribes the Vivos therapy, takes impressions or scans for custom appliance fabrication (often outsourced), delivers the appliance, and manages the treatment protocol, which usually lasts 12-24 months. Vivos generates revenue mainly from selling the appliances to providers and through fees associated with the VIP program and training. They also offer support services like medical billing assistance to enrolled VIPs, streamlining practice integration. Understanding the financial backing and investor interest is crucial; Exploring Vivos Therapeutics, Inc. (VVOS) Investor Profile: Who’s Buying and Why? offers further insights.
Vivos Therapeutics, Inc.'s Strategic Advantages
- Proprietary Technology: The Vivos System™ represents a unique, patented approach targeting potential anatomical causes of SDB, differentiating it from traditional management therapies like CPAP or mandibular advancement devices.
- Growing Provider Network: The expanding base of trained VIPs creates a distribution network and increases patient access across North America. As of 2024 filings, growing this network remained a key strategic focus.
- Focus on Root Cause: Unlike treatments managing symptoms, Vivos aims for potential lasting resolution by addressing craniofacial development and airway dimensions, a compelling proposition for patients seeking alternatives to lifelong therapy.
- Potential Market Disruption: Successfully treating mild-to-moderate OSA with a non-surgical, non-lifetime intervention could significantly disrupt the large and established sleep apnea market traditionally dominated by CPAP.
- Insurance Reimbursement Pathways: Ongoing efforts and services focused on helping providers navigate medical insurance billing aim to reduce patient out-of-pocket costs and improve treatment accessibility, although reimbursement levels can vary.
Vivos Therapeutics, Inc. (VVOS) How It Makes Money
Vivos Therapeutics generates revenue primarily through the sale of its proprietary Vivos System oral appliances and related services offered to dentists and physicians. The company also earns income from training programs and practice support services for healthcare providers integrating its sleep apnea treatment solution.
Vivos Therapeutics, Inc.'s Revenue Breakdown
Based on financial data leading into the end of fiscal year 2024, the company's revenue streams show a distinct split between tangible products and integrated service offerings.
Revenue Stream | % of Total (Approx. TTM Q3 2024) | Growth Trend |
---|---|---|
Vivos System Product Sales | 58% | Stable |
Service Revenue (VIP Enrollments, Training, Support) | 42% | Increasing |
Vivos Therapeutics, Inc.'s Business Economics
The economics underpinning Vivos Therapeutics hinge on the sale of its medical devices and the value derived from its integrated service model, the Vivos Integrated Practice (VIP) program. Pricing involves the cost of the custom oral appliances, coupled with enrollment fees for dentists participating in the VIP program, which includes training and support. Gross margins on products and services combined hovered around 62% as reported in Q3 2024. However, significant operating expenses, particularly Selling, General & Administrative (SG&A) costs associated with market expansion, sales efforts, and research and development, currently outweigh gross profits, a common scenario for companies investing heavily in growth and market penetration. Managing cash burn remains a key economic focus.
Vivos Therapeutics, Inc.'s Financial Performance
Assessing financial health requires looking beyond just revenue. As of the reporting periods in 2024 (specifically Q3 data), Vivos Therapeutics reported quarterly revenues in the range of $3.4 million, contributing to a Trailing Twelve Month (TTM) revenue figure approaching approximately $14.5 million. While achieving gross profit margins near 62% demonstrates potential unit profitability, the company continued to post significant net losses, around $4.9 million in Q3 2024. Key performance indicators include:
- Revenue growth rate (fluctuating quarterly but showing overall annual increases historically).
- Gross profit margin stability (maintained above 60% recently).
- Operating expense levels relative to revenue.
- Net loss figures and cash flow from operations (consistently negative, requiring financing).
Vivos Therapeutics, Inc. (VVOS) Market Position & Future Outlook
Vivos Therapeutics occupies a specific niche within the large sleep-disordered breathing market, aiming to provide non-invasive oral appliance solutions; its future outlook hinges on broader clinical acceptance, scaling its provider network, and navigating a competitive landscape dominated by established players. Understanding the core objectives driving these efforts is key; explore the Mission Statement, Vision, & Core Values of Vivos Therapeutics, Inc. (VVOS).
Competitive Landscape
The market for sleep apnea treatments is competitive, featuring large, established companies and other specialized providers.
Company | Market Share, % (Estimated 2024 OSA Market) | Key Advantage |
---|---|---|
Vivos Therapeutics, Inc. | <1% | Proprietary non-invasive oral appliance therapy (The Vivos System) targeting potential root causes. |
ResMed Inc. | ~45% | Dominant global leader in CPAP devices and masks, extensive distribution network. |
Inspire Medical Systems, Inc. | ~5% (Hypoglossal Nerve Stimulation Niche) | Implantable neurostimulation therapy for moderate-to-severe OSA, strong clinical data for its niche. |
SomnoMed Ltd. | ~2% | Established player in custom-fitted oral appliances (COAT), global presence. |
Opportunities & Challenges
Navigating growth requires capitalizing on market trends while mitigating inherent business risks.
Opportunities | Risks |
---|---|
Increasing awareness and diagnosis rates for sleep apnea globally. | Securing consistent and widespread reimbursement coverage from payors. |
Expanding the network of Vivos Integrated Providers (VIPs) - dentists and physicians. | Competition from established CPAP therapies and other oral appliance/surgical options. |
Potential for international market expansion beyond North America. | Need for continued investment in R&D and clinical studies to bolster efficacy data. |
Partnerships with medical device distributors or larger healthcare organizations. | Achieving profitability; the company reported significant net losses through 2023 and faced ongoing cash flow management challenges into 2024 despite revenue growth efforts aiming towards $17 million annually. |
Growing patient interest in non-CPAP alternatives for OSA treatment. | Regulatory hurdles in new markets or for expanded indications. |
Industry Position
As of early 2025, Vivos Therapeutics is positioned as an innovator in the sleep health industry, focusing on its unique oral appliance technology designed to address underlying anatomical issues related to sleep-disordered breathing. While representing a small fraction of the overall market dominated by CPAP devices, its approach offers a distinct alternative for patients seeking non-invasive, potentially long-term solutions. The company's success relies heavily on demonstrating clinical efficacy, gaining broader acceptance within the medical and dental communities, and successfully scaling its unique service delivery model through trained providers. Its standing is that of a niche challenger with disruptive potential, contingent on overcoming significant commercialization and financial hurdles observed through fiscal year 2024.
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