5-star post. Your insight about the insurance industry is brilliant. Also good links. I noticed on the peer analysis that ZMD has the highest revenue and is the only one profitable but the market cap is $5M, less than most of those there. For instance compare them to VRS and VRS has a market cap 4 times higher with about 5-6% of the revenue and a huge net loss. ZMD has plenty speculative value like the rest, but it's also a great value play.


Peer analysis
Company
Revenue (TTM)
Net income (TTM)
Market cap
Employees
Annidis Corporation 1.17m -4.41m 25.88m -32768
AtmanCo Inc 587.67k -586.61k 5.66m -32768
Biosign Technologies Inc 46.78k -4.56m 7.36m 2
Covalon Technologies Ltd. 3.52m -2.97m 10.39m -32768
Hamilton Thorne Ltd. 7.50m -480.09k 3.12m -32768
Imaging Dynamics Company Ltd. 2.20m -3.23m 8.18m 23
Medifocus Inc. 3.12m -6.78m 24.62m -32768
MedX Health Corp. 612.42k -373.46k 4.27m -32768
Response Biomedical Corp. 12.04m -8.59m 10.99m 72
Theralase Technologies Inc. 1.56m -1.26m 22.35m 0
VentriPoint Diagnostics Ltd. -- -- 5.02m -32768
Verisante Technology Inc 413.00k -4.37m 21.99m 8
ZoomMed Inc. 7.86m 1.42m 5.24m -32768
Data as of Dec 13 2013. Currency figures normalised to ZoomMed Inc's reporting currency: Canadian Dollar CAD.