Lexagene Holdings Inc LXXGQ

Healthcare Medical Devices

Lexagene Holdings Inc. is a molecular diagnostics company engaged in researching, developing and commercializing automated genetic analyzer devices in clinical and life science industries. The Company is focused on developing molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, and for use in open-access markets such as food and water safety, clinical research, agricultural testing and biodefense. The Company's MiQLab System is an automated, open-access molecular diagnostic system for pathogen detection, allowing users to test for multiple pathogens onsite, returning results in approximately 2 hours. Its MiQLab System is an automated, multiplexing polymerase chain reaction (PCR)-based system designed for syndromic testing in human clinical diagnostics and veterinary diagnostics, as well as food safety testing, and open-access custom testing markets.

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Lexagene Holdings Inc > Number of machines

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Comment by 007daveon Sep 24, 2020 9:00pm

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RE:RE:RE:RE:RE:Number of machines

You're forgetting one thing and that's the ongoing revenue from the cartridges. So let's do some easy math. Say they have 500 machines and they work an 8 hour day 7 says a week. And then let's say they are making about 20 dollars on each cartridge. So we get 500x8hours x 20$ x 365 days = 29 smill a year. Ruff estimate but you get the idea, ongoing revenue from cartridges is where the money is made.

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