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.

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Medx Health Corp > Financials are in

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Comment by Dunworkin2on Nov 29, 2020 7:28am

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RE:Financials are in

Thanks for letting us know Hopeful. I went over the results and no surprises for me, Q3 was pretty much as I expected given covid.

Revenues, while still paltry were actually better than I expected and while I thought that they were getting out of the phototherapeutic laser business, I'm still seeing revenue being reported.

Given all the hiring, expenses are getting up there: selling, general, admin, production, options. Significant revenue must follow in Q4 (now).

On the balance sheet side: increase in cash on hand, reduction in payables, status quo on significant payroll taxes owing. Some debts were reduced via shares.

In summary, Q3 was as expected for me. The next 30 days (completing Q4) are where Mdx needs to start announcing big SIAscopy revenue contracts. This was their timeline -Mike and Rob - so start delivering gentlemen.