Kirkland wearable defibrillator maker Kestra files for IPO - Puget Sound Business Journal

Kestra Medical Technologies, a Kirkland-based company known for its innovative wearable defibrillator, has officially filed for an initial public offering (IPO) on the Nasdaq, planning to trade under the ticker symbol "KMTS. " The wearable device is designed to monitor heart rhythms continuously and automatically deliver shocks to patients experiencing arrhythmias, enhancing patient safety and health management. Following a successful funding round that raised $196 million in July, Kestra reported impressive revenue growth, reaching $27. 8 million for the fiscal year ending April 30. However, the company still faces challenges, with a net loss of $94.

1 million during the same period. Kestra is also focused on workforce expansion, with plans to hire 60 to 70 new employees in the coming year, signaling confidence in future growth. The wearable device is designed for comfort and convenience, fitting discreetly under clothing and featuring a machine-washable design. Additionally, the accompanying app allows for real-time monitoring and data sharing with healthcare providers, improving patient care. Under the leadership of CEO Brian Webster, who has extensive experience in the defibrillator industry, Kestra aims to solidify its position in the competitive medical device market.