The fundamentals for the PainChek® business have been put in place in two short years. The PainChek® Adult App has been clinically proven, regulatory cleared and successfully launched into multiple markets and is now Federal Government funded in Australia. More than 40,000 pain assessments (as of July 2019) have been conducted within Australian aged care, with an increasing number of case study reports confirming the clinical and cost benefit.The Company has developed the basis of a sustainable, profitable business model that can be leveraged across global markets."
The above excerpt makes for a very comforting read. Fundamentals in place for a sustainable and profitable model which the company can be rinsed and repeated into international markets. All lessons, good and bad, have been learned with Aussie market implementation. The good shall be repeated internationally. The hard work of laying the foundation already done. As someone here said the other day, 'the company has put the horses and carts in place this year. From here on, it is all about loading that carts.' Great analogy, that.
I see the company continuing to set up more horses and carts in the international markets for the rest of the FY 2020. FY2021 will be the year where the loading rates will increase exponentially. By FY2022 which is my targeted rewarding period, many of us who managed to continue to hold will look back at today and have a great big smile on our faces. PD and his team will see to that
PCK Price at posting:
29.0¢ Sentiment: Buy Disclosure: Held
