RE: Other investments18 Sep 2024 10:23
POLX POLAREAN IMAGING is a better bet for a growing medical business on AIM for several reasons.
Firstly they have enough cash to last until at least Q1 2026. GDR probably a few months?
Secondly POLX saw only $0.1M revenue in 2023. For 2024 they are projecting $3M. That's 3000% annual growth. For 2025 they are projecting up to $6M. That's up to 6000% revenue growth over 2023. What's GDRs revenue and growth?
Thirdly POLX has fully patended, fully FDA MRI scanning technology and has rolled it out into 21 clinical sites across the US already and this is rising fast if you see the RNS history. Therefore from a technology perspective it's safer.
Next they have major partners and shareholders such as Nukem, Bracco and Philips who have bought a ton of shares. Who are GDRs big insti backers?
Lastly POLX is at 1.6p and once had an all time high of 100p when they had no FDA approval, no revenues but had a singificantly higher marker cap. On the charts there's a gap to fill at 3.5p. Therefore it makes a great recovery play.
None of this is advice and DYOR. GLA etc etc...