Had scans done this week and in the process understood more about the importance of the zero footprint desktop version that Singular has been focusing on and recently released.
Upon completion of my scans I was sent a link to a website and logged in to what looked similar to the 3Dicom demo which the company had a link to in an announcement a few weeks ago.
This software I logged onto was fairly basic and didn't allow any 3D conversion however the previous announcement made more sense when I used it as prior to the desktop version the company were targeting more app based personal file storage and transfer however the desktop version which could be white labelled and licenced out can be used at any radiology clinic anywhere in the world. This allows the company to not just target the individual but enterprise wide solutions.
The major shareholder who is also the main reseller in the USA has performance rights that are triggered by a contract with an MSO, MSO's handle the administration tasks for multiple hospitals so again it made sense if you are running multiple hospitals you need a platform where users and clinicians can all access and store the files and with 3Dicom being FDA cleared then it makes sense for it to be a perfect fit for an MSO.
I'd imagine its hard to get companies to switch any software they are currently using but as with most of these software solutions any revenue will be very sticky.
Just need to convert some of the potential clients they talked about into signed contracts.
Looking forward to the company presenting in Sydney and Melbourne at the TechKnow Conference at the end of the month. Will mean an updated investor presentation will be released and gets some more eyes on to the stock.
I'm still hopeful for a 4DX style run from early 2023 where they signed a $200k-$250k p/a contract and the share price ran from 30c up to $1.27 but with more shares on issue it means it ran from $88m market cap up to $374mil market cap (these figures are approx and based on 13/10/22 announcement with SOI as I couldnt find any others closer to the date).
SHG Price at posting:
9.9¢ Sentiment: Buy Disclosure: Held
