Medx Health Corp V.MDX

Are there over 200 locations on the new map?

[Dunworkin2]

https://medxhealth.com/find-a-location

We exist to save lives.

Our SIAscopy on DermSecure™ is a fully integrated service that combines innovative, peer-reviewed technology with a secure, cloud-based patient management system. It’s the only tool that offers perfect image capture technology with clinical, dermascopic and spectrophotometric views of moles and other skin conditions. Designed by dermatologists and physicians, our SIAscopy on DermSecure™ is being used in over 200 pharmacies in 3 countries with regulatory approvals in 35 countries including USA, Canada, Australia, Brazil and the EU.

[Insightful1]

I think the difference in this statement verses the map is DermSecure is in Norway there are 104 Boots pharmacy that have the legacy standalone system in place. MedX has sold additional scopes in other countries over the years which would account for the 200 number. This uses the standalone SIAscopy technology but does not have the recurring revenue that MedX recieves off of DermSecure. So

[hopefull]

Well I can see both sides of this. However if you look at it from the standpoint of a new investor looking at all of these 200 locations and then when the next financials come out as dismal you can understand why investors would go I don't see this as revenue producing. I think it would have been better if they would have only put pharmacies or locations that are generating revenue this is

[Insightful1]

It is called "proof of concept" if MedX were raising money in the past it was able to use the 200 location and the Boots name to validate "proof of concept" in other words the SIAscope is indeed the best image capture device in the market. The issue was they have zero recurring revenue from this model as it is a one and done model. Having invested heavily in the DermSecure