The Uscom (ASX:UCM) share price plunged 6% today. Here’s why

The Uscom Ltd (ASX: UCM) share price tumbled today after the company released its quarterly cash report, showing significant falls across every major category.

The Uscom share price was down 6% at the close of trade today, at 15.5 cents per share.

A quick take on Uscom

Uscom is a medical technology company engaged in developing, designing, manufacturing, and marketing premium non-invasive cardiovascular and pulmonary medical devices.

The company’s geographical segment includes Australia, Asia, the Americas, Europe, and other regions. It generates maximum revenue from Asia.

The company offers USCOM 1A, a non-invasive hemodynamic monitor that measures cardiovascular function; BP+; a supra-systolic oscillometric central blood…