Venn Brown has initiated coverage of Rapid Response Revival®.
𝐒𝐦𝐚𝐥𝐥𝐞𝐬𝐭, 𝐥𝐢𝐠𝐡𝐭𝐞𝐬𝐭, 𝐦𝐨𝐬𝐭 𝐚𝐟𝐟𝐨𝐫𝐝𝐚𝐛𝐥𝐞 𝐀𝐄𝐃
Rapid Response Revival Research is the developer of the CellAED, the world’s first personal, fully portable handheld automated external defibrillator (AED). CellAED is the smallest, lightest, most affordable and arguably easiest-to-use defibrillator on the market, costing just 25% - 35% of other AEDs.
𝐒𝐮𝐝𝐝𝐞𝐧 𝐜𝐚𝐫𝐝𝐢𝐚𝐜 𝐚𝐫𝐫𝐞𝐬𝐭 𝐢𝐬 #𝟏 𝐨𝐫 #𝟐 𝐜𝐚𝐮𝐬𝐞 𝐨𝐟 𝐩𝐫𝐞𝐦𝐚𝐭𝐮𝐫𝐞 𝐝𝐞𝐚𝐭𝐡
Every year, sudden cardiac arrests (SCA) kill between 6 to 8 million people globally, killing more people in the US than breast cancer, cervical cancer, colorectal cancer, Alzheimer’s, firearms, diabetes, HIV, house fires, motor vehicle accidents, prostate cancer and suicides combined. One estimate puts the cost of SCA in Australia at around $51 billion a year.
Survival rates can be as high as 90% with early defibrillation but decreases ~10% with every minute that passes. CellAED is designed from the ground up to be available in people's homes, where 70-80% of all cardiac arrests occur.
𝐀𝐥𝐫𝐞𝐚𝐝𝐲 𝐨𝐧𝐞 𝐨𝐟 𝐀𝐮𝐬𝐭𝐫𝐚𝐥𝐢𝐚’𝐬 𝐛𝐞𝐬𝐭-𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐀𝐄𝐃𝐬
In its first year in Australia, CellAED outsold one of the world’s most popular AED brands by eight times. CellAED is currently available in Australia, New Zealand, Ireland and the UK, with plans to launch in the US within three years. Since its launch in late 2022, RRR has sold more than 17,000 devices, generating more than $7 million in revenue.
𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧: $𝟑𝟏𝟒 - $𝟑𝟒𝟓 𝐦𝐢𝐥𝐥𝐢𝐨𝐧
By FY34, and with ~$80 million in funding, we believe RRR could capture ~1.1% of the 230 million device total addressable market (TAM) in just the five regions RRR is currently targeting, delivering $842 million in revenue and $208 million in free cash flow. Based on our forward estimates and the group’s successful capital raise, we value RRR at $314 – $345 million ($200 - $220 per share).
𝐔𝐩 𝐭𝐨 𝐔𝐒$𝟏𝟎𝟎 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐜𝐚𝐩𝐢𝐭𝐚𝐥 𝐫𝐚𝐢𝐬𝐞
RRR is undertaking a capital raise of up to US$100 million. Our modelling assumes a raise of $80 million (~US$52 million) over the next two years.
Full report: www.vennbrown.com/research
Optical Engineer at Aquila
2moWell deserved Billy and Ruby! We are proud of what we achieved so far and excited about the challenges ahead!