Summary: ProSomnus Sleep Technologies, a maker of oral appliance therapy for obstructive sleep apnea (OSA), reported record revenues of $9.1 million for Q2 2024, marking a 31% increase over the same period last year and a 22% increase from Q1 2024. The company emerged from … [Read more...]
ProSomnus Files for Chapter 11 Bankruptcy for Future Viability
Summary: ProSomnus Sleep Technologies Inc has filed for Chapter 11 bankruptcy as a strategic move to restructure its finances and secure its future. The company plans to reduce its debt by 60% and has arranged approximately $20 million in new financing from existing investors. … [Read more...]