Sector NewswireTM

Sector: Technology, Mining, Software, Health Care   :

 

News Release - February 10, 2017 9:55 PM ET 

 

 

DIAGNOS Inc. releases quarterly financials, shows profit utilizing Artificial Intelligence in healthcare and mining sectors

 

• DIAGNOS' revenue growth curve is rapidly accelerating, clients include Novartis and BAYER.

 

NEW YORK, NY, February 10,  2017 /Sector Newswire/ -- DIAGNOS Inc. (TSX-V: ADK) (US Listing: DGNOF) commercializes technologies combining contextual imaging and traditional data mining thereby improving decision making processes, offering products, services, and solutions to clients in a variety of fields including healthcare and natural resources. The Company is the subject of a Market Equities Research Group Market Bulletin, full copy of which is available from source at http://marketequitiesresearch.com/marketbulletin-adk-feb-2017.htm online.

 

DIAGNOS Inc.

Technology, Healthcare, Mining, Industrial

TSX-V: ADK,  OTC: DGNOF,  http://www.DIAGNOS.ca

Prices

Share: C$0.15

MCap: ~C$21M

On: 02/09/2017

History

52-Week: C$0.035–C$0.20

    

Prices

Shares O/S: ~140,619,786

Fully D. 196,885,635

  

 

Using artificial intelligence in healthcare saves government and healthcare services money by preventing debilitating blindness in at-risk populations.

 

Fig. 1 Retinal image enhanced with DIAGNOS software, prepped for A.I. auto-detection of pathology & lesion classification.

The Company is executing on a growth strategy that has been several years in the making. DIAGNOS' revenue growth curve is rapidly accelerating, with revenues coming mainly from artificial intelligence application side of the business non-invasively identifying patients at risk of vision loss in the diabetes market. The technology was first used by DIAGNOS sucessfully in the mining sector, identifying resources, and now after several years of nurturing the application in healthcare, the numbers that affect share price valuation metrics are simply stunning.
 
DIAGNOS last week filed on SEDAR its Financial Statements and the Management Discussion and Analysis reports, for the three-month and the nine-month periods ended December 31, a copy of which this is replicated here http://sectornewswire.com/DiagnosDec31-2016fin.pdf online. The Company exceeded its forecast for the year and was positive for the last quarter. The Company's fiscal year end is March 31, 2017, and is forecasting large increases in revenue going forward.

 
 

 

Table 1 (above) -- Revenue 2015 - 2018. Source: Company disclosures. ADK.V's revenue growth curve is rapidly accelerating with topline >100% Y/Y.

 

The confirmation last week by DIAGNOS of the Company now operating profitably is a milestone that management had been working towards for years, it came to fruition as a result of a growing pipeline of new business that first bit on pilot programs and saw highly favorable results that only recently have tuned to larger long-term contracts. The recent turn to profitability falls on the heels of yet another successful pilot project for diabetic macular edema and diabetic retinopathy screening with the Mexican Social Security Institute, and news of the start of a pilot project with BAYER Canada. Swiss pharmaceutical giant Novartis is currently DIAGNOS' largest customer. Novartis initially engaging ADK.V for a series of pilot 'wellness' programs over the last couple years in various countries, paying DIAGNOS to screen patients.

  
Doctors and specialists strongly endorse DIAGNOS' technology as large numbers are able to be non-invasively screened that would otherwise not be seen. ADK.V has only recently begun to sell its solutions to governments on a cost-reduction approach, signing its first government contract in Mexico.

 

Supported by a strong growth and recurring revenue model (at risk patients need to be screened yearly), and a low cost growth associated with its artificial intelligence software, we expect shares of DIAGNOS to rise several multiples higher than its current price near-term.

 

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The following additional research links have been identified for further DD on DIAGNOS Inc.:

  

This release may contain forward-looking statements regarding future events that involve risk and uncertainties. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual events or results. Articles, excerpts, commentary and reviews herein are for information purposes and are not solicitations to buy or sell any of the securities mentioned. Readers are referred to the terms of use, disclaimer and disclosure located at the above referenced URL(s).

 

 

SOURCE: Sector Newswire editorial

editorial@SectorNewswire.com

 

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