CFO Letter
Dear Prospective Partner and Investor,
As the CFO of KIC Ventures, I am excited about showcasing the robust health of our key portfolio companies. At KIC Ventures, we do more than invest; we build industry-leading companies that are revolutionizing less invasive outpatient spine care on a global scale.
Our portfolio includes trailblazers like Axiomed, NanoFuse, and NANISX. Notably, NANISX is positioning itself as a leader in the ambulatory surgery center (ASC) market—a sector increasingly dominated by interventional pain specialists, orthopedic spine surgeons, and neurosurgeons. Through a combination of strategic acquisitions and organic growth, we are advancing our companies to the forefront of the spine device industry, driving transformative changes that significantly enhance patient outcomes.
NANISX has demonstrated impressive performance, with consistent double-digit revenue growth over the past three years. This upward trend is poised to continue into FY2024, bolstered by targeted investments in sales, marketing, and market expansion. Our detailed revenue analysis highlights high-growth segments such as SACRIX, enabling us to strategically invest in product development and inventory management.
Our profitability metrics are strong, with a notable 20% EBITDA margin reflecting the operational efficiency and core strength of our companies. Insights from individual product unit sales and customer data offer valuable perspectives on market demand, pricing strategies, and our customer base.
At KIC Ventures, we prioritize investments in physician training programs, conversion rate optimization, and exceptional customer service. Over the years, we have trained 375 physicians, achieving an average conversion rate of 27%. We are confident that our robust financial performance will drive NANISX's continued growth and look forward to AxioMed's anticipated FDA approval next year, which will further solidify KIC Ventures' financial standing.
Sincerely,
Aditya Humad
Co-Founder | President | Chief Financial Officer
KIC Ventures