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Medx Health Corp V.MDX

Alternate Symbol(s):  MDXHF

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

Bullboard Posts
Comment by Insightful1on Mar 18, 2020 2:49am
146 Views
Post# 30820119

RE:Confused...

RE:Confused...The MedX management team since the start of 2020 secured the single largest PO from Brazil in the companies history, representing $1,000,000 in hardware sales and once deployed a recuring revenue stream of ~$2,000,000 annually, raised over $1,000,000 in the most brutal stock markets in recent history, mostly from institutions and recieved regulatory clearance in Brazil in record time as the management team said they would.

The management team recently stated they would expand into neighboring countries as they have found a financial model that is replicable and the need in countries near the equator is great.The share price at the beginning of the year was $.012 and now sits at$.09 I suspect as the market realizes  this is not the end of the world MedX will start to reflect its true value. MedX will be cash flow positive this year just on executing the Brazilian order so not a lot of downside risk and lots of upside in my opinion. Time will tell. So far management has delivered.


Bullboard Posts