Avinger Management

Management criteria checks 2/4

Avinger's CEO is Jeff Soinski, appointed in Dec 2014, has a tenure of 9.92 years. total yearly compensation is $924.30K, comprised of 43.3% salary and 56.7% bonuses, including company stock and options. directly owns 1.84% of the company’s shares, worth $48.79K. The average tenure of the management team and the board of directors is 6.1 years and 9.9 years respectively.

Key information

Jeff Soinski

Chief executive officer

US$924.3k

Total compensation

CEO salary percentage	43.3%
CEO tenure	9.9yrs
CEO ownership	1.8%
Management average tenure	6.1yrs
Board average tenure	9.9yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Jeff Soinski's remuneration changed compared to Avinger's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	-US$17m
Jun 30 2024	n/a	n/a	-US$15m
Mar 31 2024	n/a	n/a	-US$16m
Dec 31 2023	US$924k	US$400k	-US$18m
Sep 30 2023	n/a	n/a	-US$19m
Jun 30 2023	n/a	n/a	-US$22m
Mar 31 2023	n/a	n/a	-US$22m
Dec 31 2022	US$605k	US$400k	-US$27m
Sep 30 2022	n/a	n/a	-US$28m
Jun 30 2022	n/a	n/a	-US$29m
Mar 31 2022	n/a	n/a	-US$27m
Dec 31 2021	US$595k	US$400k	-US$22m
Sep 30 2021	n/a	n/a	-US$21m
Jun 30 2021	n/a	n/a	-US$21m
Mar 31 2021	n/a	n/a	-US$22m
Dec 31 2020	US$505k	US$377k	-US$23m
Sep 30 2020	n/a	n/a	-US$23m
Jun 30 2020	n/a	n/a	-US$23m
Mar 31 2020	n/a	n/a	-US$24m
Dec 31 2019	US$607k	US$399k	-US$23m
Sep 30 2019	n/a	n/a	-US$24m
Jun 30 2019	n/a	n/a	-US$25m
Mar 31 2019	n/a	n/a	-US$26m
Dec 31 2018	US$1m	US$390k	-US$36m
Sep 30 2018	n/a	n/a	-US$39m
Jun 30 2018	n/a	n/a	-US$43m
Mar 31 2018	n/a	n/a	-US$49m
Dec 31 2017	US$522k	US$390k	-US$49m

Compensation vs Market: Jeff's total compensation ($USD924.30K) is above average for companies of similar size in the US market ($USD650.80K).

Compensation vs Earnings: Jeff's compensation has increased whilst the company is unprofitable.

CEO

Jeff Soinski (62 yo)

9.9yrs

Tenure

US$924,295

Compensation

Mr. Jeffrey M. Soinski, also known as Jeff, had been Independent Director at QSAM Biosciences, Inc. since March 02, 2022. Mr. Soinski has been Chief Executive Officer, President and Director of Avinger, In...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Jeffrey Soinski	President	9.9yrs	US$924.30k	1.84% $ 48.8k
Nabeel Subainati	VP of Finance	2.3yrs	US$452.08k	0.14% $ 3.8k
Himanshu Patel	Chief Technology Officer	11.1yrs	US$614.58k	1.29% $ 34.2k
Keith Schaefer	Chief Operating Officer	no data	no data	no data
Philip Preuss	Chief Commercial Officer	less than a year	no data	no data
Jaafer Golzar	Chief Medical Officer	no data	no data	no data

6.1yrs

Average Tenure

54yo

Average Age

Experienced Management: AVGR's management team is seasoned and experienced (6.1 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Jeffrey Soinski	President	9.9yrs	US$924.30k	1.84% $ 48.8k
James McElwee	Independent Director	13.7yrs	US$140.00k	0.93% $ 24.7k
James Cullen	Independent Non-Executive Chairman & Lead Independent Director	9.9yrs	US$167.50k	0.93% $ 24.7k
Tamara Elias	Independent Director	4.9yrs	US$137.50k	0.94% $ 24.8k
Zhong Zhao	Director	less than a year	no data	no data

9.9yrs

Average Tenure

66.5yo

Average Age

Experienced Board: AVGR's board of directors are considered experienced (9.9 years average tenure).

Avinger Management

Management criteria checks 2/4

Key information

Recent management updates

Avinger, Inc., Annual General Meeting, Dec 19, 2024

Avinger, Inc. Appoints Thomas P. Davis, MD, FACC as Chief Medical Officer

Insufficient new directors

Avinger, Inc., Annual General Meeting, Dec 22, 2023

Insufficient new directors

Avinger, Inc. Appoints Nabeel Subainati as the Company’s Principal Financial Officer and Principal Accounting Officer, Effective Immediately

Recent updates

Avinger Receives a Letter from the Listing Qualifications Department of the Nasdaq Stock Market

Avinger, Inc., Annual General Meeting, Dec 19, 2024

Avinger, Inc. to Report Q3, 2024 Results on Nov 07, 2024

Avinger, Inc. Initiates Full Commercial Launch of Pantheris LV Image-Guided Atherectomy Device

Avinger, Inc. Appoints Thomas P. Davis, MD, FACC as Chief Medical Officer

Avinger, Inc. to Report Q2, 2024 Results on Aug 08, 2024

Avinger, Inc. has completed a Follow-on Equity Offering in the amount of $5.996714 million.

Avinger, Inc. has filed a Follow-on Equity Offering in the amount of $6 million.

Avinger, Inc. to Report Q1, 2024 Results on May 15, 2024

Avinger, Inc. to Report Q4, 2023 Results on Mar 20, 2024

Avinger, Inc. announced a financing transaction

Avinger's Securities Would Be Delisted At the Open of Business on November 30, 2023, Unless Company Timely Requests A Hearing Before the Nasdaq Hearings Panel

Insufficient new directors

Avinger's Securities Would Be Delisted At the Open of Business on November 30, 2023, Unless Company Timely Requests A Hearing Before the Nasdaq Hearings Panel

Avinger, Inc., Annual General Meeting, Dec 22, 2023

Consensus EPS estimates upgraded to US$3.59 loss, revenue downgraded

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Avinger, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Avinger, Inc. Initiates Full Commercial Launch of Tigereye St Image-Guided CTO Crossing Device

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Avinger, Inc. to Report Q2, 2023 Results on Jul 27, 2023

Avinger, Inc. Receives 510(K) Clearance for Pantheris LV Image-Guided Atherectomy System

Avinger, Inc. Announces Successful First Cases with Tigereye ST Image-Guided Chronic Total Occlusion Crossing Device

Avinger Receives Non-Compliance Notice from Nasdaq Regarding Stockholders’ Equity Requirement

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Full year 2022 earnings released: US$4.36 loss per share (vs US$4.57 loss in FY 2021)

Insufficient new directors

Third quarter 2022 earnings released: US$0.77 loss per share (vs US$1.25 loss in 3Q 2021)

Avinger, Inc. to Report Q3, 2022 Results on Nov 09, 2022

Second quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind

Avinger GAAP EPS of -$0.94 beats by $0.15, revenue of $2.13M misses by $0.25M

Avinger, Inc. has completed a Follow-on Equity Offering in the amount of $2.599923 million.

Avinger, Inc. announced that it expects to receive $2.400002 million in funding

Avinger, Inc. Appoints Nabeel Subainati as the Company’s Principal Financial Officer and Principal Accounting Officer, Effective Immediately

Avinger, Inc., Annual General Meeting, Oct 14, 2022

First quarter 2022 earnings: EPS and revenues miss analyst expectations

Price target decreased to US$8.50

Consensus forecasts updated

Avinge Receives 510(K) Clearance from the U.S. Food & Drug Administration

Is Avinger (NASDAQ:AVGR) Using Debt Sensibly?

Third quarter 2021 earnings released: US$0.062 loss per share (vs US$0.079 loss in 3Q 2020)

Second quarter 2021 earnings released: US$0.037 loss per share (vs US$0.18 loss in 2Q 2020)

Is Avinger (NASDAQ:AVGR) A Risky Investment?

First quarter 2021 earnings released: US$0.067 loss per share (vs US$0.47 loss in 1Q 2020)

Avinger shares fall after Q1 results fail to impress Wall Street

Full year 2020 earnings released: US$0.47 loss per share (vs US$3.18 loss in FY 2019)

Avinger, Inc. to Report Q4, 2020 Results on Mar 11, 2021

Avinger Regains Compliance with Nasdaq Listing Requirements

Does Avinger (NASDAQ:AVGR) Have A Healthy Balance Sheet?

New 90-day high: US$0.89

Avinger 'Hot Penny Stock to buy' - Robinhood

New 90-day high: US$0.35

Avinger, Inc., Annual General Meeting, Dec 23, 2020

Avinger Receives Nasdaq Extension, Recommends Stockholders Vote for All Proxy Proposals

Third quarter 2020 earnings released: US$0.079 loss per share

Revenue beats expectations, earnings disappoint

Avinger, Inc. to Report Q3, 2020 Results on Nov 10, 2020

New 90-day low: US$0.29

New 90-day low: US$0.29

Analysts increase EPS estimates to -US$0.69

Avinger, Inc. has completed a Follow-on Equity Offering in the amount of $5.2 million.

New 90-day high - US$0.67

Avinger, Inc. has completed a Follow-on Equity Offering in the amount of $6 million.

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure