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 fiscal year ended 31 December 2023, CardioComm Solutions Inc revenues decreased 12% to C$876K. Net loss increased from C$2K to C$97K. Revenues reflect Hardware sales decrease of 61% to C$187K, Services decrease of 5% to C$182K. Higher net loss reflects Development of advanced software and sale of ECG segment loss increase from C$77K to C$243K. |
Employees: | 16 as of Dec 31, 2002 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $1.90M as of Dec 31, 2023 |
Annual revenue (TTM): | $0.88M as of Dec 31, 2023 |
EBITDA (TTM): | -$0.18M as of Dec 31, 2023 |
Net annual income (TTM): | -$0.10M as of Dec 31, 2023 |
Free cash flow (TTM): | -$0.06M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $0.40M as of Dec 31, 2023 |
Shares outstanding: | 151,164,638 as of Dec 31, 2023 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |