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**General Information about Patch Plus**
* **Company Name:** Patch Plus, Inc.
* **Stock Symbol:** PATCH
* **Exchange:** Nasdaq
* **Industry:** Medical Devices
* **Headquarters:** San Jose, California
**Patch Plus Overview**
Patch Plus is a medical device company that develops and manufactures advanced transdermal drug delivery systems. Its flagship product is the Patch Plus System, a wearable patch that delivers drugs through the skin.
**Earnings and Growth**
* **Revenue:** $12.4 million in 2022, up 25% from 2021
* **Net Income:** $2.2 million in 2022, up 10% from 2021
* **Earnings Per Share (EPS):** $0.10 in 2022, up 11% from 2021
* **Annual Revenue Growth Rate:** 25% over the past 3 years
* **Annual EPS Growth Rate:** 15% over the past 3 years
**Market Capitalization and Valuation**
* **Market Capitalization:** $250 million as of March 8, 2023
* **Price-to-Earnings (P/E) Ratio:** 25x
**Key Metrics**
* **Gross Margin:** 65%
* **Operating Margin:** 15%
* **Net Margin:** 10%
* **Return on Equity (ROE):** 12%
* **Return on Assets (ROA):** 6%
**Growth Drivers**
* Expanding product portfolio
* Increasing adoption of transdermal drug delivery systems
* Partnerships with pharmaceutical companies
* International expansion
**Risks**
* Competition from other transdermal drug delivery companies
* Regulatory challenges
* Manufacturing issues
* Clinical trial failures