Medigus (MDGS) is Expanding its Horizons Through Tech Investments and Creating Potential Near Term Catalysts in the Process
News out this morning. MDGS posts NET income for the first half 2021 $7.9M!
“Revenues for the six-month period ended June 30, 2021, reached a record high, and totaled $2,393,000, an increase of $2,320,000 compared to $73,000 in the six-month period ended June 30, 2020
Net income for the period reached a record of $7,927,000 compared to a net loss of $3,599,000 in the six-month period ended June 30, 2020
Shareholders’ equity totaled $53,904,000 as of June 30, 2021
Cash and cash equivalents totaled $29,642,000 as of June 30, 2021”
Full press release: https://finance.yahoo.com/news/medigus-ltd-announces-record-high-120000313.html
Holding more than 18 patents. Multiple catalysts lining up and an Aegis analyst price target represents a 400% increase from the current $1.48 PPS.
Initiating coverage on Medigus Ltd. (NASDAQ: MDGS), a technologies company that is focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce, and electric vehicle markets.
Current price $1.48/share
MDGS is a company with a lot of potential, and catalysts beginning to line up. MDGS has a diversified portfolio of tech investments, a modest share structure, an attractive entry share price and a strong financial position.
Considerations for MDGS:
Modest share structure with 23.8M shares outstanding and 23.6M in the public float. In June MDGS had $27M in cash and no debt beyond typical operating obligations.
The company shares seem priced at a value right now and are very close to their estimated book value of $1.45/share.
When I look at the company stock chart, I notice that the share price just crossed its 20 SMA and is very close to crossing its 50 SMA of $1.53. This condition can signal a significant swing coming. I also note that the company shares are trading significantly off their recent levels (and 64% off the 52-week high).
Products developed by Medigus:
ScoutCam develops and manufactures the smallest cameras produced in the world, which are down to 1mm diameter including illumination. ScoutCam devices have been used across the medical, aerospace, industrial, research, and defense industries.
The Medigus Ultrasonic Surgical Endostapler, or MUSE™ system, is a comprehensive endoscopic device that incorporates the latest technological advancements to deliver a more patient-friendly option for Transoral Fundoplication (TF), the procedure is intended to treat the leading cause of GERD (gastroesophageal reflux disease).
MDGS has more than 18 patents registered in their portfolio around the world.
MDGS has investments/activity in over 9 businesses of which 3 are currently public companies traded on the TASE and the OTC Market and involved in these sectors:
Polyrizon Ltd., a privately held company which Medigus owns 35.86% of its share capital, is evaluating the viral infection prophylaxis effect of its innovative product candidate against the Delta variant of the coronavirus (lineage B.1.617.2), in-vitro. This study follows recent pre-clinical studies showed strong potential against human coronavirus 229E and influenza virus infection.
Revoltz, a joint venture between Medigus, through its wholly owned subsidiary, Charging Robotics Ltd., and Amir Zaid and Weijian Zhou, the founders of EMuze, is a privately held company that designs and develops electric micro-mobility vehicles. This month the company has begun the prototype manufacturing of its micro mobility vehicle.
On August 31, 2021, MDGS, announced that its affiliate Gix Internet (36.74% on a fully diluted bases) (TASE: GIX), a global marketing technology (MarTech) solutions company for online performance-based-marketing, announced that Gix Internet’s subsidiary, Gix Media signed a definitive agreement for the purchase of 70% at Cortex Group.
Jeff’s Brands Ltd., and its subsidiaries Smart Repair Pro, Purex and Top Rank, leverage proprietary artificial intelligence (AI) and machine learning to analyze sales data and patterns within the multi-billion-dollar Amazon marketplace to identify stores, niches, and products with demonstrated growth potential to maximize sales within their Fulfillment by Amazon (FBA) shops.
Potential near-term catalysts and milestones:
Any development in Polyrizon toward FDA approval.
MUSE engaging in more licenses and sales agreements.
Commercializing new sectors for Scoutcam.
Launching of new products at Gix Group.
10/22/2020 Aegis Initiated Coverage Buy $6.00
I will have more info on the MDGS business model and potential soon.
Medigus Ltd. is a technologies company that is focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce, and electric vehicle markets. Medigus’ affiliations in the medical solutions arena consist of ownership in ScoutCam (OTCQB: SCTC), Inc, and Polyzion, LTD. The Company’s affiliates in digital commerce include Gix Internet Ltd. (TASE: GIX), Jeff’s Brands and Eventer Technologies, Ltd. In the electric vehicle market, Charging Robotics, Ltd. and Revolz are also part of the Company’s portfolio of technology solution providers.
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