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Friday, January 3, 2020

Avadim Health on deck for IPO

Avadim Health (AHI) has filed a prospectus for a $50M IPO.
The Asheville, NC-based healthcare and wellness company sells topical products aimed at improving immune health, neuromuscular health and skin barrier health targeted to institutional and self-care markets.
Currently marketed brands are: Theraworx pre-saturated towelettes, foams and sprays, Combat One pre-saturated towelettes and Phuel pre-saturated towelettes.
2019 Financials (9 mo.): Revenues: $34.4M (+73.7%); Net Loss: ($31.8M) (-21.4%); CF Ops: ($20.0M) (+8.7%).

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