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Diagnos Inc V.ADK

Alternate Symbol(s):  DGNOF

Diagnos Inc. is a Canadian company, which is engaged in early detection of critical health problems based on its FLAIRE artificial intelligence (AI) platform. FLAIRE allows for quick modifying and developing of applications, such as computer assisted retina analysis (CARA). CARA’s image enhancement algorithms provide sharper, clearer and easier-to-analyze retinal images. CARA is a tool for real-time screening of large volumes of patients. It provides software-based services to assist health specialists in the detection of diabetic retinopathy and other eye-related pathologies. Its geographical areas include Canada, the United States of America, Mexico, and Chile. The Company’s subsidiaries include Diagnos Internacional SA de CV and Diagnos Healthcare (India) Private Limited.


TSXV:ADK - Post by User

Bullboard Posts
Comment by segltechon Feb 17, 2018 3:22pm
129 Views
Post# 27578120

RE:What will be Q3 revenu??

RE:What will be Q3 revenu??

During the 3rd Quarter ending December 31st 2016, ADK was able to complete the Mexican trial program for Healthcare revenue of $1,144,028, while also doing $259,243 in other countries and realize a near breakeven position.

Apparently the Mexican contract start-up and continuity was somewhat delayed in the 2nd quarter ending September 30th 2017 as resources had to be put in place and then a major earthquake  occurred on September 17th. I believe that the reality of the situation is that they only managed to do approximately 2 weeks of actual contracted work for a total of $250,095. They also did $19,309 in other countries for a total of $269,404.

In consideration of the above, I would consider the minimal revenue run rate to be $125k per week for Mexico with some acceleration as the quarter progressed. This would lead me to believe that the revenue for Mexico will be in the worst case $150mil. - best case $200 mil., leaving $300 mil. for 4th qtr.


Bullboard Posts