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What happened with FEMY today?

Why it moved
Explains possible causes using the day’s news and filings
Moving with the market?
Uses market moves and trading volume to assess what drove the change
What to watch next
The next thing that could change the call, and what to look for

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Uses news and trading volume to explain the day’s move and how it relates to the market.

Investment outlook

FEMY in three months: buy, wait or sell?

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  • 3-month target price
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Company

Company overview

Femasys sells products that gynecologists and infertility specialists use to treat patients seeking pregnancy. Its FDA-cleared FemaSeed device delivers sperm into a fallopian tube, while FemSperm prepares sperm for use in doctors’ offices. The company sells FemaSeed through its own U.S. sales team and expects FemaSeed, FemVue and FemSperm to provide most of its U.S. revenue. Providers buy the products and bill patients for treatment, often directly because fertility insurance coverage varies; insurers may pay when coverage applies.

The company also sells FemBloc, a system for permanent birth control. FemBloc has European CE marking, but Femasys cannot market or sell it in the United States until it receives FDA approval. Its planned U.S. business would sell the system to gynecology practices performing permanent contraception in their offices.

Current product revenue remains limited. Sales depend on doctors and patients adopting these procedures and on patients’ ability to pay or obtain insurance coverage. Femasys has funded operations mainly through stock sales and convertible debt, rather than product revenue, and needs additional capital to complete FemBloc’s U.S. development and support European commercialization.

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Source: SEC filing

Red flags

Know what’s buried in FEMY’s filings before you buy

The risk section is the longest, dullest part of the filing. This keeps only what can really hurt you: where it hits, how hard, when it plays out.

Sorted into
  • Happening now
  • Could go wrong
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Moat

FEMY says it has a moat. Does it hold up?

Every company claims an edge. Each one is checked against hard numbers like margins and returns: which hold, and which line gives way first.

Each edge rated
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  • Moderate
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Related companies

  • Competition
  • Shared drivers
  • Supplier
  • Customer

Femasys’s fertility sales hinge on winning adoption against established IUI and IVF alternatives, including IUI devices from Cook Medical and Cooper Surgical, neither shown in this list.

  • INVO Fertility competes for the fertility-treatment spending Femasys targets: it sells INVOcell devices to fertility clinics and earns fees from patients at its own clinics offering IVF and fertilization inside the woman’s body. Watch INVO’s clinic-service revenue for demand for these alternatives to Femasys’s insemination products, which it sells to gynecologists and infertility specialists.

  • Utah Medical Products offers an established surgical alternative to Femasys’s FemBloc permanent contraception system: its Femcare business sells Filshie clips for closing the fallopian tubes. If FemBloc wins U.S. approval, Femasys will need gynecology practices to choose its in-office system over alternatives such as this surgery.

Agenda

in 2 daysThu, Oct 22

  1. Time to be announced

    Utah Medical Products Inc earningsUTMD

    Utah Medical Products’ Femcare sales will show whether providers and patients are still choosing Filshie clips, a surgical alternative in the permanent-contraception market Femasys’s FemBloc hopes to enter.

in 28 daysTue, Nov 17

  1. Time to be announced
    Major

    Femasys Inc. earningsThis company

    Femasys’s report will show whether product sales are growing enough to cover more of the costs of making and selling them, easing its reliance on outside funding.

in 34 daysMon, Nov 23

  1. Time to be announced

    INVO Fertility, Inc. earningsIVF

    INVO Fertility’s clinic-service revenue will show whether patients are still paying for fertility treatment, providing demand context for Femasys’s products sold to fertility specialists.