Medx Health Corp V.MDX

Alternate Symbol(s): MDXHF

Healthcare Medical Devices

MedX Health Corp. is a medical device and software company. It develops and manufactures skin-related screening tools and phototherapy devices for pain relief and tissue repair. It focuses on skin health with its SIAscopy on DermSecure telemedicine platform, utilizing its SIAscopy technology. SIAscopy is a medical device technology that is used to scan skin for suspicious moles and lesions and, including DermSecure, its telemedicine software application, and phototherapeutic medical devices, which use light energy in lower-level laser and light-emitting diode to provide treatment of pain and tissue damage in the rehabilitation market. Its products SIAMETRICS, SIMSYS, and MoleMate include hand-held devices that use patented technology utilizing light and its remittance to view up to two millimeters beneath suspicious moles and lesions in a pain free, non-invasive manner. Its SIAscopy on DermSecure telemedicine platform enables the Web-based operation of its SIAscopy scanning technology.

TSXV:MDX - Post by User

Medx Health Corp > MedX Announces Closings of First $2.5 Million of Convertible

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Comment by Insightful1on Feb 01, 2021 2:30pm

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Post# 32438548

RE:RE:RE:RE:RE:RE:MedX Announces Closings of First $2.5 Million of Convertible

$.40 was for illustratitive purposes only. Typically a SaaS model company will trade at 10-12 x forward revenue. That multiple is highbecause of the guaranteed predictable recurring revenue.
MedX will really come into its own once they have articulated their AI strategy and can show how they will monetize their data. That is when it will have its big break-out in my opinion. The good news is they are well funded and we get to see how well they execute on their plan this year.

Staying hopeful as well :)

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