Evome Medical Technologies Inc V.EVMT

Last NR

[Zibo510]

Biodex sales projections have been increased by 7.5%, but desdespite many recent NR's regarding Biodex EVMT has never released any estimates as to projected sales volume of Biodex products.

Biodex was acquired in April 2023 and was expected to add 26 million in yearly revenue. 

Former director Kyle Wilkes left the company and formed VMS to become an exclusive distributor of Biodex products. 

EVMT is just about to launch sales of new Biodex products. 

Although we don't have sales volume projections I have a feeling that we might be about to see a large increase in revenue from Biodex products. 

Q1 2024 financials will give us an indication of what Biodex sales will add to yearly revenue. 

I think 2024 will be a turning point for the value of the this stock. Big time. 

[Zibo510]

Another point of interest in the NR is the Seller's of Biodex as part of the LOI want a release from being restricted to holding a maximum of 500,000 shares.  There is only one reason I  can  see for  requesting this release, they want to acquire more common shares of EVMT. As well as wanting to conconvert their 4.4+ million shares ffrom Class A shares to common shares I

[Zibo510]

Should read Seller's of  Simbex LLC not  Biodex 

[TheProphetElijah]

Was the extra $26m already being taken into account previous quarters?

[Zibo510]

I believe Biodex was generating 18mil a year prior to the acquisition and 26mil was a projection of anticipated revenue.  I haven't been able to find a breakdown of income from the different divisions at least not in the MD&A  Q4 year end financials should provide a better insight of revenue breakdown. 

[TheProphetElijah]

So potentially another $26m could be added to revenue, plus 7.5% ?

[Zibo510]

If Biodex was generating 18 million a year prior to being acquired I would assume that would already be included in EVMT,'s current revenue.  The big question is what is management targeting for Biodex yearly revenue?. Is it 26 million which was the projected revenue in April 2023 ?, or higher. Since the 26 million was mentioned in April we have had a new CEO, change in management