-
WELL Health Technologies Corp. (WELL $5.03)
-
HealWELL AI Inc. Class A Subordinate Voting Shares (AIDX $1.38)
Q: Hi there, your thoughts on AIDX after their results and conference call?
5i Research Answer:
AIDX EPS was -2c, vs estimates of -1.6c; revenue of $40.5M beat estimates of $38.99M. EBITDA of $1.94M was well ahead of estimates of $1.08M. Revenue surged more than 600% and it was the company's first quarter with positive EBITDA. The Orion acquisition saw the software business grow more than 1,000%. The clinical research and patient services units are to be sold as it wants more business focus. Cash is $19M. As previously announced in June, the company is expanding also into the US. The recent Pentavere acquisition also looks good (buying the remaining 49%). The conference call was positive but did not provide a lot of new details. The company's AI push was certainly discussed. We are comfortable with these results.