MedX Health Corp. Announces 2017 Year End Results and Granting of Share Options
30 Abril 2018 - 6:40PM
Business Wire
MedX Health Corp. (“MedX” or the “Company”) (TSX-V: MDX)
announced its results for the year ended December 31, 2017, which
are also available on SEDAR (www.sedar.com).
The Company reported revenue of $1,093,239 for the year ended
December 31, 2017, an increase of 34% from revenue of $817,055 for
the year ended December 31, 2016. Sales from the Company's
therapeutic laser line grew by $341,488 during 2017, while revenue
from SIAscopy, the Company’s skin assessment technology, was
$65,304 lower in 2017 versus 2016. The Company reported a loss for
the year ended December 31, 2017 of $1,604,438 or $0.02 per share
compared with a loss of $1,335,293, or $0.02 per share for the year
ended December 31, 2016.
For the three months ended December 31, 2017, the Company
reported revenue of $361,269, more than double the revenue of
$176,521 reported in the three-month period in 2016. Revenue from
SIAscopy was 16% higher than the prior year and that of therapeutic
lasers was up by 156%. The loss for the three months ended December
31, 2017 was $301,946, or $0.00 per share, compared with a loss of
$360,245, or $0.00 per share for the three-month period ended
December 31, 2016.
“We experienced a strong fourth quarter in 2017,” noted Rob von
der Porten, CEO of MedX. “We finished the year with many positive
developments to carry into 2018, including strong and growing sales
from both our product lines, the development of the first release
of our new telemedicine platform that will be completed before the
end of Q2, and a SIAscopy order in excess of $100,000 for delivery
in early 2018, reflective of increasing interest for our SIAscopy
product line in a number of new markets. We have been investing in
our technology and business development efforts which should result
in growing revenues in 2018.”
The Company also announces that it has granted 7,375,000 share
options under the Company’s Stock Option Plan to members of the
Board of Directors, management, employees and consultants, subject
to the Policies of and Acceptance by the TSX-V. The options have an
exercise price of $0.25 per share and expire five years from the
date of issue.
About MedX
MedX, headquartered in Mississauga, Ontario, is a leading
medical device company focused on skin cancer with its SIAscopy
technology that is imbedded in its products SIAMETRICS™, SIMSYS™,
and MoleMate™, which MedX manufactures in its ISO 13485 certified
facility. SIAMETRICS™, SIMSYS™, and MoleMate™ include hand-held
devices that use patented technology utilizing light and its
remittance to view up to 2 mm beneath suspicious moles and lesions
in a pain free, non-invasive manner, with its software then
creating real-time images for physicians and dermatologists to
evaluate all types of moles or lesions within seconds. These
products are Health Canada, FDA (US), ARTG and CE cleared for use
in Canada, the US, Australia, New Zealand, the European Union and
Turkey. MedX also designs, manufactures and distributes quality
laser and light therapy technologies to provide drug free and
non-invasive treatment of tissue damage and pain.
www.medxhealth.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20180430006598/en/
MedX Health CorpRob von der Porten, CEO, 905-670-4428 ext
226orMedia RelationsDeborah Thompson,
416-918-9551Deborah@dt-communications.ca
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