How They Do It? ScoutCam Case Study
- ScoutCam's IP was fully owned by Medigus
- In January 2020 - Medigus completed a deal to merge ScoutCam to a listed company on OTC market - becoming a public company
- With the help of Medigus, raised $3.5Mn along with the OTC listing
- In February 2021, Mori Arkin in-vest-ed $2Mn in ScoutCam and joined its Board of Directors
- In March 2021, ScoutCam secured a private placement of $20Mn from institutional in-vest-ors
- ScoutCam's current valuation ~$52Mn (as of 5/11/23), Medigus holds 27.76%
Medigus' Most Important Wholly Or Partially Owned Subsidiaries
#1. ScoutCam is pioneering the Predictive Maintenance and Condition Based Monitoring markets with its visualization and AI platform. Having introduced the use of its micro camera and AI platform to Industry 4.0 markets such as aviation, energy, mobility and transportation, ScoutCam’s Camera-as-a-sensor™ technology, accompanied by specialized AI analysis models, is being deployed in hard-to-reach locations and harsh environments, across a variety of Predictive Maintenance and Condition Based Monitoring use cases. ScoutCam’s platform allows maintenance and operations teams visibility into areas which are inaccessible under normal operation, or where the operating ambience is not suitable for continuous real-time monitoring.
#2. Eventer is a smart ticketing platform, enabling producers and venues to create events, manage ticket operations and boost ticket sales, all in one efficient and cost-effective platform.
Eventer offers a wide set of unique features, borne out of a profound understanding of our customers’ needs and executed through their proven proprietary technology. This, coupled with a true commitment to outstanding service, allowed them to gain a market- leadership position and demonstrate an average 83% growth, year-on-year, since inception.
#3. Gix Internet is a global leader in MarTech (Marketing Technology) solutions, mainly for online performance-based-marketing, that maximizes exposure, increases impact and drives pro-fits from target audiences.
Gix’s products provide clear growth opportunities and success, through cutting edge technologies, in this challenging and dynamic market. Gix’s proprietary AI technology drives tailor-made experiences based on users’ interests: Apps: distributes free software through browser add-ons and desktop apps and advertisements drive revenues.
#4. Charging Robotics (Medigus’ wholly owned subsidiary) is out to Change the way Electric Vehicles are charged. They are developing a robotic platform for charging vehicles in a wireless and automatic manner. No more plugs. No more cables. No more searching for a parking spot with a charger. At the heart of the technology is a wireless power transfer module that uses resonance coils to transfer energy wirelessly from the robot to the vehicle.
#5. Polyrizon is a clinical development biotech company specializing in the development of innovative nasal gels to provide preventative treatment against a wide range of biological assaults, such as viruses, including CV-19 and influenza, as well as allergens and other airborne pathogens.
#6. Jeff’s Brands Ltd. and its subsidiaries Smart Repair Pro, Purex and Top Rank, is a fast-growing consumer products goods (CPG) company, operating primarily on Amazon(dot)com.
Jeff’s Brands leverage proprietary artificial intelligence (AI) and machine learning to analyze sales data and patterns within the multi-Bn-dollar Amazon marketplace to identify stores, niches and products with demonstrated growth potential to maximize sales within their Fulfillment By Amazon (FBA) shops.
Company Website. Company Presentation.
And as I mentioned above, MDGS has several potential catalysts to familiarize yourself with ahead of Thursday's opening bell. Here they are:
No. 1 MDGS Potential Catalyst - Tiny Float Profile Provides Potential For Eruptive Volatility
According to the FINVIZ website, MDGS has an exceptionally tiny float.
The website reports this profile to have approximately 1.64Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With this float size... Watch out. Keep an eye on MDGS the next time they drop big news.
No. 2 MDGS Potential Catalyst - Record Revenue Explosion: Up Over 800% Year-Over-Year
Medigus Announces Record 2022 Fi-nan-cial Results
Record Revenues of approx. $92Mn, up over 800% Y-o-Y
TEL AVIV, Israel, May 04, 2023 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS) (“Medigus”), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, today announced fi-nan-cial results and the filing of its annual report on Form 20-F for the year ended December 31 2022, with the U.S. Securities and Exchange Commission (SEC).
The annual report on Form 20-F, containing audited consolidated fi-nan-cial statements for the year ended December 31, 2022, as filed with the Securities and Exchange Commission on May 3, 2023, is available on the company’s website (medigus.com/). Shareholders may receive a hard copy of the annual report free of charge upon request. This press release is being issued pursuant to Nasdaq Listing Rule 5250(d)(1)(C).
- Generated record revenues of $91.8Mn in the year ended on December 31, 2022, compared to $10.1Mn revenues in the same period of 2021
- Gross profit reached a record $14.4Mn in the year 2022, up 201% from a gross profit of $4.8Mn in year ended on December 31, 2021
- Shareholders’ equity improved to $54.6Mn as of December 31, 2022, up from $51.4Mn at December 31, 2021
“I am pleased to announce that 2022 was a remarkable year for Medigus, with record high revenues of $91.8Mn. The successful performance of our subsidiaries was a significant driver of this achievement,” said Liron Carmel, Chief executive officer of Medigus, “Furthermore, since 2022, two of our subsidiaries have become public companies traded on the Nasdaq and OTC Market, which emphasizes our commitment to sustain growth and provide value to our shareholders. These results are a testament to the diligent efforts and unwavering dedication of our entire team towards realizing the vision of Medigus as an innovation company.”
Read the full article here.
No. 3 MDGS Potential Catalyst - Could A 2nd Place Finish At 14th Innovation World Cup Spark Wall Street Interest?
Medigus: Charging Robotics' AI Based Solution Ranked Among Top Outstanding Techpreneurs at the 14th Innovation World Cup
The competition is in partnership with Industry giants like STMicroelectronics, EBV Elektronik, Würth Elektronik, VARTA Microbattery
Tel Aviv, Israel, April 27, 2023 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions, and innovative internet technologies, today announced that Charging Robotics Ltd., a subsidiary of Fuel Doctor Holdings, Inc., (“FDOC”) a Delaware corporation quoted on the OTC Market (60% owned by Medigus), has won second place at the 14th Innovation World Cup, one of the world’s leading competitions for techpreneurs and innovative SMEs in IoT, wearables & DeepTech.
Charging Robotics, after being nominated, competed with approximately 400 global companies and solutions. Charging Robotics presented its solution that will contain advanced AI and machine learning algorithms, used to improve the performance of its Robotic Wireless Charging System. Charging Robotics is nearing the completion of development of its first-generation Robotic Wireless Charging System to wirelessly charge Electric Vehicles. The next generation will incorporate AI and machine learning algorithms that will use vast amounts of data to improve the service level offered to EV drivers by the Robotic Chargers.
Charing Robotics’ recent collaboration with Make My Day, a company that delivers EV fleet management solutions, will enable data collection about EV electricity consumption, customer arrival times and personal driving styles. The Robots will gather data about the EV charging process, the EV battery state of charge and other critical parameters. This information will be used by advanced AI and machine learning algorithms to manage the Charging Robotics fleet and the wireless charging process.
Charging Robotics is also developing advanced AI algorithms that are used for the navigation of the Robots. These algorithms are used for identifying the EV, sensing and avoiding obstacles and finding the optimal position for the wireless charging to achieve high charging efficiencies which save money and improve environmental impact.
Read the full article here.
No. 4 MDGS Potential Catalyst - Planning For The Future, Company Acquires Part Of Innovative AI Software Company
Medigus Acquires 19.9% of Innovative AI and Natural Language Processing Communication Based Software Company
Metagramm Software Ltd. has developed an advanced grammar engine, which serves as the core of its online writing solution and a fully integrated writing solution for Windows desktop
Tel Aviv, Israel, April 13, 2023 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today it has acquired 19.9% of Metagramm Software Ltd. (“Metagramm”), an innovative AI, machine learning (ML) communication and grammar assistant software. In return, Medigus paid Metagramm $250k in Medigus’ common shares.
Metagramm is one of the first companies to develop grammar and language assistance tools and technology for users. Metagramm has an advanced grammar engine based on proprietary AI algorithms and natural language processing (NLP) technology.
Metagramm offers tools for writing and reviewing, grammar, spelling, punctuation and style features as well as translation and multilingual dictionaries.
According to Market Research, the market for grammatical error corrector (GEC) and writing enhancement software is expected to reach over $750Mn in 2026 with an impressive compound annual growth rate, led by companies like Grammarly and Wordtune.
Read the full article here.
No. 5 MDGS Potential Catalyst - Strong Support Could Be Building In A Significant Fashion At 3 Key Levels
Take a look at MDGS's 6-month chart: