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Relay Medical Corp. (C:RELA)

Business Focus: Medical Diagnostic & Testing Equipment

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Sector:  Healthcare Industry:  Advanced Medical Equipment & Technology
 
See Regulatory Filings on SEDAR
Company Contact
Address: 401 Bay St 16th Floor
TORONTO ON M5H 2Y4
Tel: N/A
Website: https://www.relaymedical.com
IR: See website
Key People
N/A    
Business Overview
Relay Medical Corp, formerly ChroMedX Corp, is a Canada-based medical technology company. The Company focuses on the development of handheld medical devices for In Vitro Diagnostics (IVD) and Point of Care Testing (POCT). The Company's devices are protected by issued United States and pending international patents, in the medical diagnostics and research field, dealing with blood collection, analysis and plasma/serum processing. The Company has the following platform technologies: HemoPalm and Automated Ultra Filtration (AUF) technology. Its HemoPalm platform is a blood analysis system consisting of a handheld analyzer and a suite of disposable single use cartridges. Its UAF technology allows the preparation of ultra-filtrates of serum and plasma samples, for measurement of therapeutic drugs and hormones to be done on an automated system.
Financial Overview
For the three months ended 31 December 2018, Relay Medical Corp revenues was not reported. Net loss decreased 27% to C$1.3M. Lower net loss reflects Share-based compensation decrease from C$802K (expense) to C$0K, Consulting fees and salaries decrease of 23% to C$368K (expense), Shareholder communications and marketing decrease of 81% to C$23K (expense).
Reporting Currency: Canadian Dollars
Enterprise value: $20.34M as of Dec 31, 2018
Annual revenue (TTM): $0.00M as of Dec 31, 2018
EBITDA (TTM): -$6.52M as of Dec 31, 2018
Net annual income (TTM): -$7.62M as of Dec 31, 2018
Free cash flow (TTM): -$4.28M as of Dec 31, 2018
Net Debt Last Fiscal Year: N/A
Shares outstanding: 113,187,191 as of Dec 31, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization