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Hydromer Inc

Hydromer Inc (HYDI) is a publicly traded company based in Branchburg, New Jersey. The company operates in the medical device and biotechnology industry, specializing in the development and manufacturing of hydrogel-based products for a variety of applications such as wound care, drug delivery, and medical device coatings.

Here are some key points about Hydromer's financials and growth:

1. Financials:

* For the year ended December 31, 2021, Hydromer reported revenue of approximately $4.1 million, compared to $3.2 million in 2020, representing a year-over-year increase of 27%.

* The company's net loss for 2021 was approximately $1.1 million, compared to a net loss of $1.3 million in 2020.

* As of December 31, 2021, Hydromer had cash and cash equivalents of $941,000 and total assets of approximately $4.7 million.

2. Growth:

* Hydromer's growth is driven by its focus on the medical device and biotechnology industries, which are expected to see continued growth in the coming years.

* The company has a strong patent portfolio and is continually developing new products to expand its offerings and address unmet medical needs.

* Hydromer has established partnerships with several leading medical device companies, which provides a steady stream of revenue and opportunities for growth.

It's important to note that investing in the stock market always carries risk, and it's important to do your own research and consider seeking advice from a financial advisor or investment professional.