| Business Summary | | Symphonix
Devices,
Inc.
develops,
manufactures
and
markets
a
proprietary
line
of
semi-implantable
Soundbridge
hearing
devices
for
the
management
of
moderate
to
severe
sensorineural
hearing
loss.
The
Company
is
also
developing
a
fully
implantable
Soundbridge.
The
Soundbridge
is
a
middle
ear
implant
technology
designed
to
vibrate
the
small
bones
in
the
middle
ear,
enhancing
the
natural
hearing
process.
The
Vibrant
Soundbridge,
the
family
of
semi-implantable
devices,
was
approved
by
the
United
States
Food
and
Drug
Administration
for
marketing
in
the
United
States
in
late
2000.
The
Vibrant
Soundbridge
is
also
being
marketed
in
Europe
by
the
Company's
European
distribution
partner,
Siemens
Audiologische
Technik
GmbH.
As
of
December
31,
2000,
over
500
Soundbridges
had
been
implanted
worldwide. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Symphonix
Devices,
Inc.
is
a
developer
of
proprietary
semi-implantable
and
implantable
products,
or
soundbridges,
for
the
management
of
moderate
to
severe
hearing
impairment.
For
the
six
months
ended
6/30/01,
revenue
totaled
$1
million,
up
from
$413
thousand.
Net
loss
rose
18%
to
$9.9
million.
Revenues
reflect
increased
investments
in
sales
and
marketing
activities
following
FDA
approval.
Higher
loss
reflects
costs
related
to
development
of
a
sales
force. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Kirk Davis, 43 Chairman,
Pres, CEO | $323K | Terence Griffin, 38 VP-Fin.,
CFO | -- | Patrick Rimroth, 45 VP
of Operations | 241K | Geoffrey Ball, 37 VP
and Chief Technical Officer | -- | Dennis Roy VP of Marketing | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|