Book Value (mrq) is $27.53/share.
Multiple Catalysts Lining Up Here…
Hello everyone,
Medigus Ltd. (NASDAQ: MDGS)is a technology company focused on investments and partnerships in medical solutions, digital commerce, and electric vehicle markets.
Current price $7.03/share (as of pre-market 11-18-22)
MDGS is experiencing significant growth and they’ve had some new developments that could become major catalysts.
After a change of the Company’s American Depositary Receipt, or ADR, program on Monday of this week, which had the effect of a one for fifteen reverse stock split, resulting in a current outstanding share count of 1.64M.
Highlights
H1 2022 results:
Revenues $34.95M (+1,300% YoY)
Gross profit $6.19M (+1,000% YoY)
Cash $22.1M
Shareholder equity $53.19M
MDGShas filed a motion for approval of a $1.6M dividendin court. If approved, the dividend could represent an approximate 15% yield based on the current share price.
For our members unfamiliar with MDGS I first want to present the businesses they are invested in and the level of ownership the company holds:
Polyrizon (37%)is a biotech company developing nasal gels to provide preventative treatment against biological assaults, such as viruses, including COVID and influenza.
Para Zero Technologies (40%)is an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft. Their SafeAir brand uses independent sensors to constantly monitor and analyze the drone’s flight data and flight patterns. Yesterday the company announced an order for $241K from a leading global aerospace company focused on UAV development.
ScoutCam (27.7%)develops and manufactures visual solutions by offering micro cameras and supplementary technologies.
Charging Robotics (100%)developing a robotic platform for charging vehicles in a wireless and automatic manner.
Revoltz (19.9%)is a joint venture between wholly owned subsidiary, Charging Robotics Ltd., and Amir Zaid and Weijian Zhou, the founders of EMuze, a privately held company that designs and develops electric micro-mobility vehicles.
Gix Internet (49%)(TASE: GIX) is in Marketing Technology solutions, mainly for online performance-based-marketing, that maximizes exposure, increases impact, and operates through its subsidiary Linkury.
Eventer (46%)has a licensing agreement to adopt Screenz Cross Media Ltd. technology for virtual conferences. Screenz technology enables Eventer to host and broadcast virtual conferences and events, with smart ticketing solutions.
Jeff’s Brands Ltd. (30.2%)and its subsidiaries Smart Repair Pro, Purex and Top Rank, is a consumer products goods company, operating primarily on Amazon.com. Jeff’s Brands owns 6 branded products that it sells globally on Amazon.
Before I get started about the catalysts pushing up the value of MDGS you need to watch this shortvideo by Charging Robotics, and you will see a big reason why the company is building momentum.You need to watch this video(it’s less than two minutes).
On Monday of this week Charging Robotics, an MDGS wholly owned subsidiary, announced it hadfiled a patent applicationwith the United States Patent and Trademark Office for its wireless EV charging technology. According to Statista, Electric Vehicles market unit sales are expected to reach 16,206,900 vehicles globally in 2027. Could this technology be worth millions or billions?
This week, Eventer announced revenues for the first nine months of 2022 were $1.99 million, an increase of 69% compared to approx. $1.18 million for the full year of 2021. That news was immediately followed with an announcement thatEventer signed a non-binding letterof intent for a planned securities exchange agreement with AI Conversation Systems Ltd (TASE: AICS). According to the LOI, Eventer will become a wholly owned subsidiary of AI Conversation Systems, and in exchange, Eventer will receive 74.99% of the issued and outstanding share capital of AI Conversation Systems.
Last month,Jeffs’ Brands announcedthat it has entered into a non-binding letter of intent for the purchase of an Amazon Marketplace brand for $2.5 million in cash. The new brand offers nutritional supplements and an estimated $2.7M in 2022 revenues. Those revenues would be added to the $7M (ttm) annual revenues Jeff Brands already has.
There is a lot going on at MDGS that could serve as a near-term catalyst for those riding the momentum. It’s important to note that a swing just to the company’s book value represents an upside of 385%.
MDGS statistics:
FYE is December 31st– MRQ is June 30th.
Outstanding shares 1.64M
Shares in float 1.63M
Revenues (ttm) $42.6M
Cash (mrq) $22.1M
Book value (mrq) $27.53/share
This week MDGS shares have moved past their 20 DMA of $6.55 and sitting just below the 50 DMA of $7.43/share. I’m looking for a move past the 200 DMA of $11.57/share near-term.
Updated coverage of MDGS coming soon.
The Traders News Group
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