ORLANDO, FL / ACCESSWIRE / June 22, 2017 / In the pages of our newsletter, we often take a strong look at market forecasts for the industries of the companies we choose to showcase. Our focus, as always, is in identifying companies pursuing market share in growing industries. We want to showcase potential performers with a steady tailwind and proof-of-concept in the marketplace. We'll save the hoping and guessing for lottery tickets and mining stocks.
Today's subject company, Medical Imaging Corp. (OTC PINK: MEDD), is focused on acquiring medical imaging businesses that demonstrate a stable financial history with profitable operations. This strategy certainly has turned the heads of our editorial team, who has a perpetual interest in a health care market driven in part by an aging population. What we didn't realize until diving deeper on MEDD was that medical imaging is a critical component of the diagnostic imaging market that appears to be one of the most lucrative areas of the ever-expanding health care sector.
Medical imaging provides the critical front-end interaction with the patient, taking the picture of you will be used in diagnosing a case.
And according to MarketsandMarkets, the largest market research firm worldwide in terms of annually published premium market research reports, the Diagnostic Imaging market could exceed $32 billion per year by 2021. Source: http://bit.ly/2tGzy1B.
This certainly explains Medical Imaging Corp's roll-up strategy.
But what also caught our eye was that the Company's revenue has become significant. While still pursuing profitability, the top line is eye-catching. Take a look at this snapshot of the 2016 annual report:
- Total revenues increased to $7,179,085.
- Gross profit margin was 46.42% for the 12-months ended December 31, 2016
- On a GAAP basis, net loss from operations in 2016 totaled $483,816, and $664,908 in 2015. (Source: https://www.otcmarkets.com/stock/MEDD/news)
It's an interesting story with real revenue in a market with bold forecasts - a business aggressively pursuing its share of an essential health care market of tremendous proportion.
For more information on Medical Imaging Corp, please visit:
http://dailystockpicks.net/MEDD/
http://www.medimagingcorp.com/
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