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CardioComm Solutions, Inc. (V:EKG)

Business Focus: Medical Software & Technology Services

Sector:  Healthcare Industry:  Advanced Medical Equipment & Technology
 
Company Contact
Address: 18 Wynford Drive, Suite 305
NORTH YORK ON M3C 3S2
Tel: N/A
Website: https://www.cardiocommsolutions.com
IR: See website
Key People
Etienne Grima
Chief Executive Officer, Corporate Secretary, Director
Josee Bertrand
Chief Financial Officer
 
Business Overview
CardioComm Solutions, Inc. is a Canada-based company, which develops software, hardware and core laboratory reading services related to electrocardiogram (ECG) and ambulatory arrhythmia monitoring systems for medical and consumer markets globally. The Company's specialization is in the software engineering of computer based (ECG) management and reporting software. The software permits physician interpretations of ECGs and supports private and public payer fee-for-service billings. The Company's device connectivity and ECG management technologies are used in medical, consumer, clinical research and telemedicine solutions for the recording, transmission, viewing, analyzing, reporting and storage of electrocardiograms, for arrhythmia screening, diagnosis, and management of cardiac patients. Its Global ECG Management Solutions (GEMS) and GlobalCardio (Cloud based GEMS) products are licensed worldwide to hospitals, ECG commercial reading services and physicians.
Financial Overview
For the nine months ended 30 September 2023, CardioComm Solutions Inc revenues decreased 7% to C$701K. Net loss totaled C$11K vs. income of C$55K. Revenues reflect Hardware sales decrease of 67% to C$105K, Support decrease of 46% to C$25K. Net loss reflects Salaries and wages increase of 14% to C$412K (expense), Professional fees increase from C$26K to C$76K (expense), Other income - Balancing value decrease of 14% to C$77K (income).
Employees: 16 as of Dec 31, 2002
Reporting Currency: Canadian Dollars
Enterprise value: $1.80M as of Sep 30, 2023
Annual revenue (TTM): $0.94M as of Sep 30, 2023
EBITDA (TTM): -$0.10M as of Sep 30, 2023
Net annual income (TTM): -$0.07M as of Sep 30, 2023
Free cash flow (TTM): -$0.17M as of Sep 30, 2023
Net Debt Last Fiscal Year: $0.39M as of Sep 30, 2023
Shares outstanding: 151,164,638 as of Sep 30, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization