OUR NEW PROFILE IS: (Nasdaq: MDGS)
No debt and more than $24 million in cash and equivalents on a consolidated basis
Record revenues of $34.95 million in the first half of 2022, compared to $2.39 million revenues in the first half of 2021
Gross profit reached a record $6.19 million in the first half of 2022, up from a gross profit of $0.6 million in the first half of 2021
MDGS Just Exploded off of the 52 Week Low, Creating a Potential Massive Reversal
*****BREAKING NEWS RELEASED THIS MORNING*****
Medigus: Eventer Technologies Signed a Letter of Intent for Spin-Off and an approx. $13 million Reverse Merger
The letter of intent was signed with a Tel-Aviv Stock Exchange listed company to hold 74.99% of the merged company
Tel Aviv, Israel, Nov. 16, 2022 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that its 46.21% owned subsidiary, Eventer Technologies Ltd. (“Eventer”), software company engaged in the development of platforms enabling producers and venues to create virtual conferences and events including a smart ticketing solution, signed a non-binding letter of intent (“LOI”) for a planned securities exchange agreement with AI Conversation Systems Ltd. (TASE: AICS) (“AI Conversation Systems”), an Israeli company traded on the Tel- Aviv Stock Exchange.
According to the LOI, the transaction will only be completed if Eventer is valued at least $13 million, as determined by an independent appraiser.
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.
“Eventer is the market leader in its field in Israel and becoming a public company will support its efforts to make its services more accessible,” said Liron Carmel, CEO of Medigus. “As a public company, Eventer is expected to have improved access to capital which should enable it to expand operations and activities in Israel and new markets internationally.”
The securities exchange agreement, if signed, will be subject to customary closing conditions.
Eventer has developed a unique event management system that allows its customers to increase sales volume and reduce the resources invested in marketing tools solely intended to increase exposure and sales. Eventer has an exclusive license to use the Screenz.live platform that offers high-quality video conferencing for thousands of participants.
Hello Everyone, The market is set to open shortly and we have something that we feel is extremely exciting for todays session with many catalysts in play. Our more recent profiles have seen some strong double digit movement. Last Thursdays profile opened at $1.17 and hit 1.42 yesterday for a quick 20% or so in just a few sessions. The Nasdaq alert before that opened at 9.65 and hit 14.79 for potential gains of 53% in just 3 sessions. The profile before that opened .62 and hit .74 on strong news for a potential 20% move or somewhere in-between. Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is a technology company focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce and electric vehicle markets. Medigus’ affiliations in the medical solutions arena include ownership in Polyrizon Ltd. and ownership in industry 4.0 company, ScoutCam Inc. The Company’s affiliates in digital commerce include Gix Internet Ltd., Jeffs’ Brands Ltd. and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics Ltd. and Revoltz Ltd. are also part of the Company’s portfolio of technology solution providers.
Medigus: Eventer Generated Record Revenues for the First Nine Months of 2022 Exceeding Full-Year 2021 Revenues
Revenues for the first nine months of 2022 were approx. $1.99 million Tel Aviv, Israel, Nov. 15, 2022 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, and electric vehicle and charging solutions, announced today that its 46.21% owned subsidiary, Eventer Technologies Ltd. (“Eventer”), a software company engaged in the development of platforms enabling producers and venues to create virtual conferences and events with integrated smart ticketing solutions, achieved record financial results for the nine months ended September 30, 2022 (based on non-reviewed financial results provided to Medigus by Eventer). Eventer’s overall turnover from ticket sales for the nine months ended September 30, 2022 was approx. $49 million, an increase of approx. 87% compared to the entire year of 2021. More than 1.6 million tickets were sold using Eventer’s online platform during the first nine months of 2022, and Eventer retained its commission rate through the period at approx. 5%. Eventer’s revenues for the first nine months of 2022 totaled at approx. $1.99 million, an increase of 69% compared to approx. $1.18 million for the full year of 2021. Eventer has developed a unique event management system that allows its customers to increase sales volume and reduce the resources invested in marketing tools solely intended to increase exposure and sales. Eventer has an exclusive license to use the Screenz.live platform that offers high-quality video conferencing for thousands of participants.
Medigus Announces Record 2022 First Half Financial Results
TEL AVIV, Israel, Sept. 23, 2022 – Medigus Ltd. (Nasdaq: MDGS) (“Medigus”), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, today reported financial results for the six months ended June 30, 2022. Key Highlights
- Generated record revenues of $34.95 million in the first half of 2022, compared to $2.39 million revenues in the first half of 2021
- Gross profit reached a record $6.19 million in the first half of 2022, up from a gross profit of $0.6 million in the first half of 2021
- Cash and cash equivalents as of June 30, 2022 were $22.1 million
- Shareholders’ equity improved to $53.19 million as of June 30, 2022, up from $51.43 million at December 31, 2021
“Our record first half of 2022 financial results are a direct result of our work over the past two years and clearly demonstrate the value in our approach to engage in innovative technology companies with high upside potential,” said Liron Carmel, CEO of Medigus. “As we continue to execute on our diversified business model and add value to our operating segments, we believe Medigus is in a great position to further grow shareholder value with multiple near-term catalysts.” Recent Highlights:
- Medigus files a motion to approve an up to $1.6 million dividend distribution
- Jeffs’ Brands (35.27%) Ltd. announced the closing of its $15.5 million initial public offering
- Gix Internet (42.25%) reported revenues increase of 166% year-over-year to approximately $43.4 million in the first half of 2022
H1 2022 Highlights:
- Eventer, in which Medigus has a 46.21% ownership stake, achieved record revenues, which increased by 221% year-over-year to approximately $1.4 million in the first half of 2022. Eventer targets the high potential sports events market, and since the beginning of 2022 has entered into agreements with two teams from the Israeli Basketball Premier League and the Israeli National Basketball League and the Israel Gymnastics Federation and the Table Tennis Associations of Israel.
- ParaZero, in which Medigus has a 40.35% ownership stake, signed a non-binding MOU to provide Autonomous Safety Systems for Bon V Heavy Lift Cargo Drones. In addition, a leading global drone manufacturer ordered customized SafeAirTM system from ParaZero and signed an agreement to develop custom safety solution for a leading global automotive manufacturer’s drone program.
- ScoutCam, in which Medigus has a 27.02% ownership stake, completed verification & validation for miniature camera solution with a Fortune 500 customer. ScoutCam also signed a joint development agreement to equip aerial platforms of a top global defense and aviation manufacturer with in-flight monitoring solutions.
- Polyrizon’s PL-15 found effective against highly transmissible SARS-CoV-2 Omicron variant in cell culture assays. Medigus has a 37.03% ownership stake in Polyrizon.
- Medigus announced details of planned spin-off and subsequent merger of its electric vehicles wireless charging business, Charging Robotics. At the beginning of 2022, Charging Robotics, owned by Medigus, and Ben-Gurion University entered the development of the next generation of wireless charging system for electric vehicles
- Medigus’ joint venture, Revoltz (19.9% owned by Medigus through its wholly owned subsidiary, Charging Robotics Ltd.), received first order for micro mobility vehicles from a global distributor. Revoltz also launched a pilot program at a new autonomous supermarket.
Look at the massive reversal in progress after MDGS just touched 52 week lows and springboard from under $5 to over $7 on Massive interest. Could this be just the beginning?
Polyrizon is a clinical development biotech company specializing in the development of innovative nasal gels to provide preventative treatment against a wide range of biological assaults, such as viruses, including COVID-19 and influenza, as well as allergens and other airborne pathogens. Polyrizon’s proprietary Capture and ContainTM (C&C) hydrogel platform, comprised of a mixture of naturally occurring building blocks, is delivered in the form of nasal sprays, and forms a thin protective shield containment barrier in the nasal cavity to prevent infection. Polyrizon is further developing certain aspects of its C&C hydrogel platform such as the bioadhesion and prolonged retention at the nasal deposition site for improved intranasal delivery of drugs. We refer to our platform technology that is focused on nasal delivery of APIs as Trap &TargetTM (T&T).
Gix Internet (TASE:GIX) is a global leader in MarTech (Marketing Technology) solutions, mainly for online performance-based-marketing, that maximizes exposure, increases impact and drives profits from target audiences, operate through its subsidiary Linkury. Gix’s products provide clear growth opportunities and success, through cutting edge technologies, in this challenging and dynamic market Gix’s proprietary AI technology drives tailor-made experiences based on users’ interests: Apps: distributes free software through browser add-ons and desktop apps and advertisements drive revenues. Content: solution platform for publishers and personalized content, ads and banners. In March 2021, Gix’s board of directors has resolved to establish a committee of the board of directors to identify new opportunities and activities to merge with Gix, focusing on technology and other sectors that are not necessarily in the field of online advertising. If a new activity is found and leads to a binding agreement and a merger, Gix Internet will examine the possibility of taking Linkury public and/or distributing its shares as a dividend to Gix’s shareholders
Eventer is a smart ticketing platform, enabling producers and venues to create events, manage ticket operations and boost ticket sales, all in one efficient and cost-effective platform.
Eventer offers a wide set of unique features, borne out of a profound understanding of our customers’ needs and executed through our proven proprietary technology. This, coupled with a true commitment to outstanding service, allowed us to gain a market- leadership position and demonstrate an average 83% growth, year-on-year, since inception. Eventer and Screenz Partnership Eventer entered the multi-billion virtual conference market by signing an exclusive licensing agreement to adopt Screenz Cross Media Ltd. technology for virtual conferences. COVID-19 changed the event and conferences world- the strategic partnership, eventer reinvent the way to sell and broadcast events with virtual stage, HD quality broadcasting and interactive platform. Screenz is a virtual entertainment and events technology company whose customer base includes Reliance Industries (a Fortune 500 company and the largest private-sector corporation in India), Fox, ABC, Disney, Univision and Viacom. As part of the license agreement, Screenz will provide and adapt its technology to Eventer to host and broadcast virtual conferences, including an interactive player with capabilities of broadcasting, recording and interactive layers on video. By combining both companies’ knowledge and technology, Eventer plans to offer innovative new solutions to the rapidly growing virtual conference market for both its current and potential customer base. Multiple market studies referring to virtual events, virtual conferences and virtual meeting software, predict high scalability of these markets as a result of COVID-19 pandemic. According to one market study, the global virtual events market size was valued at $ 77.98 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 23.2% from 2020 to 2027. The growing popularity of Unified Communication as a Service amongst corporations, education institutes, and various other organizations across industries is expected to drive the market during the forecast period.
Jeff’s Brands Ltd. (Nasdaq: JFBR) and its subsidiaries Smart Repair Pro, Purex and Top Rank, is fast-growing consumer products goods (CPG) company, operating primarily on Amazon.com. Jeff’s Brands leverage proprietary artificial intelligence (AI) and machine learning to analyze sales data and patterns within the multi-billion-dollar Amazon marketplace to identify stores, niches and products with demonstrated growth potential to maximize sales within their Fulfillment By Amazon (FBA) shops. Smart Repair has approved for operation in Germany, UK, France, Spain, Italy and Australia in short order. During the first quarter of 2021, Jeff’s Brands have purchased the assets of a leading fitness toys brand in its category on the Amazon Marketplace and two additional brands operating on Amazon Marketplace, in a total amount of $4.7 million Jeff’s Brands owns 6 branded products that it globally sells on Amazon and intends to own more brands in the next few years
Charging Robotics (Medigus’ wholly owned subsidiary) is out to Change the way Electric Vehicles are charged. We are developing a robotic platform for charging vehicles in a wireless and automatic manner No more plugs, No more cables, No more searching for a parking spot with a charger. At the heart of the technology is a wireless power transfer module that uses resonance coils to transfer energy wirelessly from the robot to the vehicle. The robotic platform is small enough to fit under the vehicle, it automatically positions itself for maximum efficiency charging and returns to its docking station at the end of the charging operation. In July 2021, Charging Robotics has concluded a proof of concept, successfully demonstrating the capabilities of its electric vehicle wireless charging robot Charging Robotics mission is to overcome one of today’s biggest challenges in wireless charging of electric vehicles-seamless, highly efficient battery charging for both manned and unmanned vehicles . The robotic platform carries an energy transmitting coil, batteries and supporting electronics. The second component of the system is an EV simulating unit, which houses the target batteries to be charged, an energy receiving coil and the supporting electronics. The robot navigates from its home position along a predefined route to the starting position, which is a point close to the optimal charging position. Charging occurs at the maximum rate when both coils are perfectly aligned. Following arrival to the starting position, the alignment process begins. As the energy was transmitted from the Robot transmitting coil to the receiving coil, the robot was ordered to move in small increments in order to optimize the charging rate
Revoltz is a joint venture between Medigus, through its 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. With groundbreaking design and engineering, Revoltz is creating high-end, mini electric vehicle’s, that bring innovation and truly elevate single rider transportation. We bridge the gap between the traditional automotive world and the emerging style of micro mobility vehicles.
Revoltz successfully completed design and functional prototype of thr PORTO Model, its micromobility vehicle for last mile and food delivery. Designed especially for the last mile delivery market, the PORTO provides a flawless combination of function, robust design and agility. It is capable of long-range deliveries and a full day’s work on one charge, the Porto offers a similar storage capacity as the boot of a small hatchback car. The Porto is Featuring a robust tilting mechanism to ensure maximum stability, even under full load. We have integrated two high volume loading space over the front and rear axles, which spreads the weight of the cargo evenly & symmetrically over the wheelbase, creating a safe & confidence-inspiring ride while keeping vehicle dimensions minimal.