RE:Not bad for a company with $7 mil revTradinghands wrote: This was a .08 stock for a reason but this buying frenzy is because the name has AI and the event coming. They had to raise money and I would expect another fund raising is coming making the market cap lofty. JMHO
That was then... This is now! You don't present the true picture! Formerly known MCI Onehealth Technologies Inc., (DRDR) relaunched as Healwell AI Inc. (AIDX) in Oct/23. The 4th quarter was a transformative period for the Company with a new mission to improve healthcare and save lives through early disease detection with the use of leading AI and data science technologies. During Q4-23, Healwell AI significantly strengthened its balance sheet by raising a total of $29.5 million of debt and equity and discharging a number of significant secured and unsecured liabilities. Those 2023 results are not indicative of the company’s current run-rate revenues as the Intrahealth acquisition was made in Q1-2024 and this is expected to contribute over $12 million in revenue and contribute positive Ebidta to Healwell in 2024. Furthermore, the 2023 results only included one month of contribution from the Pentavere acquisition. AIDX currently has a strong and active acquisition pipeline with the potential to more than double their current revenue run-rate of over $20 million to over $40 million per year, by using the existing cash they have on hand. Actual revenue from continuing operations on a trailing 12-month basis, as of Dec. 31/23, from Healwell, Pentavere and Intrahealth is $20M, while the cash estimate as of Jan. 30/24 was $10.6M.
AI in the healthcare market is forecasted to grow from $19B in 2022 to $281B by 2032. I feel confident that AIDX's share price will continue on its upward trajectory. for sure, I'm certainly happy with its close of $1.75 today.