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  "documentTitle": "Focus Universal Inc. (FCUV)",
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  "authorName": "Steve Silver",
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      "text": "We expect Focus Universal to post revenue of $2 million in 2021, $45 million in 2022, and $150 million in 2023.",
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      "text": "revenue: $150M",
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      "text": "Focus Universal has developed a \"user interface machine auto generation platform\" (UIMAD). The platform simplifies software development for IoT devices by providing a common middle layer.",
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      "text": "The company believes that it has developed a solution with superior noise rejection that provides a scalable, cost-effective solution for connecting devices.",
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      "text": "Focus Universal has also developed \"device-on-a-chip\" technology (DoC) that combines integrated circuit components in a single integrated chip (IC).",
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      "text": "Focus Universal is also developing 5G++, an ultra-narrowband wireless technology that will help wireless providers overcome the current limitations of 5G.",
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      "text": "Our financial strength rating on Focus Universal is Medium. The company raised $11.5 million in gross proceeds from its August 2021 IPO and over-allotment exercise.",
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      "text": "Focus Universal shares began trading on the Nasdaq on August 31, 2021 following an equity offering of 2 million shares at $5 per share. Since the listing, the share price has risen more than 60%.",
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      "text": "EQUITY RESEARCH REPORT",
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