Incorrect Cash Information (NSPR Press Release)

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Seeking Alpha released an article on 11/8/2022 stating that NSPR only has $3.93M in cash:

https://seekingalpha.com/news/3903310-inspiremd-gaap-eps-of--058-beats-by-015-revenue-of-143m-beats-by-003m?mailingid=29624214&messageid=2900&serial=29624214.12&utm_campaign=rta-stock-news&utm_content=link-1&utm_medium=email&utm_source=seeking_alpha&utm_term=29624214.12

However, their press release states that they have $21M in cash:

https://www.inspiremd.com/en/press-center/inspiremd-reports-third-quarter-2022-financial-results-and-provides-business-update/

Looks like Seeking Alpha only picked up NSPR’s $3.93M cash but ignored the short-term deposits in the body of text (approximately $17.1M):

https://seekingalpha.com/filing/6878715

NSPR’s total cash should be closer to $21M.

Would it be possible to correct this issue and update the article/database?

Data Issue Raised
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SA Admin Shubham Shresth
  • Answer

Hi @mlslosman,

We have updated the article now as per your request which is in sync with the PR. 

Image 114089


Hope this helps! Feel free to reach out in case further assistance is required.

Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha

Avatar
SA Admin Shubham Shresth
  • Answer

Hi @mlslosman,

We have updated the article now as per your request which is in sync with the PR. 

Image 114089


Hope this helps! Feel free to reach out in case further assistance is required.

Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha

Avatar
mlslosman

Hi Shubham,

Thank you for getting back to me on this so quickly!

"Short-term bank deposits" are generally classified as a cash equivalent.

As such, we typically combine the 2 figures to calculate a total value for "Cash and cash equivalents".


Ideally, NSPR would like the article to display:

  • Cash and cash equivalents of $21.05M as at Sep.30

However, if that's not possible, can we update it to:

  • Cash and cash equivalents and Short-term bank deposits of $21.05M as at Sep.30

Thank you so much for your help!

Avatar
SA Admin Shubham Shresth
  • Answered

Hi there,

As we have mentioned only "cash and cash equivalents" that is amounting correctly to $3.93M. "Cash, cash equivalents and short-term bank deposits" are amounting to $21M.

Image 114053


Hope this helps! Feel free to reach out in case further assistance is required.

Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha

Avatar
SA Admin Shubham Shresth
  • Under review

Hi,

We are looking into this.


Regards,
Shubham Shresth
Data QA Analyst, Seeking Alpha