RMTG Regenerative Medical Technology Group Inc (PK)

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

 

Date of Report (Date of earliest event reported): November 19, 2024

 

Regenerative Medical Technology Group Inc.

(Exact name of registrant as specified in its charter)

 

Nevada		000-56010		88-0492191
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)

 

433 Plaza Real Suite 275 Boca Raton, Florida		33432
(Address of principal executive offices)		(Zip Code)

 

Registrant’s telephone number, including area code: (800) 956-3935

 

 

(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

☐	Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company ☐

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Securities registered pursuant to Section 12(b) of the Act: None.

 

 

 

SECTION 2 – Financial Information

 

Item 2.02 Results of Operations and Financial Condition.

 

On November 19, 2024, we issued a press release concerning our financial results for the quarter ended September 30, 2024, and other matters.

 

The press release is furnished with this Current Report on Form 8-K as Exhibit 99.1. The information furnished under this Item 2.02 and Item 9.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any registration statement or other filing under the Securities Act of 1933, as amended, regardless of any general incorporation by reference language in such filing, except as shall be expressly set forth by specific reference in any such filing.

 

SECTION 9 – Financial Statements and Exhibits

 

Item 9.01 Financial Statements and Exhibits.

 

Exhibit No.		Description
99.1		Press Release, dated November 19, 2024
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Regenerative Medical Technology Group Inc.
/s/ David Christensen
David Christensen
Chief Executive Officer
Date: November 19, 2024

 

 

Exhibit 99.1

 

RMTG Achieves Operational Profitability Expands sales by 52% for Q3 Year Over Year and Reaches Gross Profit Margin of 75% for Q3

 

LAS VEGAS, NV, November 19, 2024 -- via ACCESSWIRE -- Regenerative Medical Technology Group Inc. (RMTG) (“the “Company”), a recognized leader in regenerative medicine and cellular therapies, is pleased to announce that it has achieved operational profitability (see definition below) this quarter. Also, sales expanded by 52% from $646,828 in Q3 2023 to $986,308 in Q3 of this year and the Company achieved a gross profit margin of 75% for Q3 of this year.

 

David Christensen, CEO of Regenerative Medical Technology Group said, “We are very pleased to announce our Q3 results and see our latest efforts translating into significant growth and operational profitability. Our Revenues continue to increase Year-over-Year with our patient procedures alone increasing by over 370% from Q3 2023.”

 

Patient procedures is the Company’s fastest growing revenue segment and represents 37% of revenue for this quarter compared to 12% for Q3 of last year. The Company expects patient procedure revenues to significantly increase as its Dubai clinic comes online. The Company expects to work on opening additional clinics in the future.

 

Benito Novas, founder and CEO of Global Stem Cells Group added, “As we continue to expand revenues through our main lines of business which include training, product supplies and equipment and patient procedures and we look to launch our Dubai clinic next week, we have started to look at preliminary internal plans for building out a manufacturing facility most likely located in Cancun to manufacture exosomes, stem cells and other biologics to vertically integrate and take advantage of the expanding market for these products. Having a manufacturing facility would not only increase our margins for the same product sold but give us more control over the quality of the products we sell.”

 

Operational profitability is defined as revenue minus all operating expenses excluding interest and taxes and is a measure of management’s ability to efficiently operate the business and create operating profits.

 

About Regenerative Medical Technology Group

 

Regenerative Medical Technology Group is a regenerative medicine company offering diverse products and services through its wholly owned subsidiary Global Stem Cells Group (GSCG). GSCG is an innovative provider of regenerative medicine solutions, dedicated to advancing healthcare through innovative patient therapies. With a global presence and a multidisciplinary team of experts, the organization strives to harness the potential of stem cells and regenerative medicine to improve patient outcomes across various medical fields. Through its extensive network of clinics, research facilities, and training centers, GSCG is committed to pushing the boundaries of regenerative medicine and making a positive impact on global healthcare. The Company also distributes stem cells and other regenerative based cell lines, and equipment internationally and likewise specializes in education and training physicians in the area of regenerative medicine.

 

Please see this and other Company filings at www.sec.gov.

 

 

About Global Stem Cells Group

 

Founded by Benito Novas, Global Stem Cells Group seeks to advance the field of regenerative medicine globally. With a robust presence across continents, the organization provides both treatments and educational programs aimed at empowering doctors, researchers, and patients. Through ISSCA, GSCG conducts specialized training, certification, and hands-on workshops designed to promote best practices in the application of cellular therapies.

 

For more information about the Dubai clinic opening, ISSCA training event, or Global Stem Cells Group, please visit the Global Stem Cells Group website.

 

Global Stem Cells Group is a publicly traded company operating under the symbol RMTG. https://finance.yahoo.com/quote/RMTG/

 

To learn more about Global Stem Cells Group, Inc.’s companies, visit our website www.stemcellsgroup.com or call +1 305 560 5331.

 

Forward Looking Statements

 

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the closing of the share exchange agreement. The words “plan”, “forecast”, “anticipates”, “estimate”, “project”, “intend”, “expect”, “should”, “believe”, and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to the Company herein, including those related to the opening of the Regenerative Medicine Clinic and Laboratory and its ability to expand into the UAE markets for regenerative care, are expressly qualified in their entirety by the above-mentioned cautionary statement. The Company disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

 

For further information, please contact:investor.relations@regenmedtechgroup.com

 

Telephone: (800) 956-3935

 

 

 

 

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Cover	Nov. 19, 2024
Cover [Abstract]
Document Type	8-K
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Document Period End Date	Nov. 19, 2024
Entity File Number	000-56010
Entity Registrant Name	Regenerative Medical Technology Group Inc.
Entity Central Index Key	0001760026
Entity Tax Identification Number	88-0492191
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	433 Plaza Real Suite 275
Entity Address, City or Town	Boca Raton
Entity Address, State or Province	FL
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City Area Code	800
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Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false

---