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Ann: Morrison Govt $5M Grant for PainChek Trial in Aged Care, page-182

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Sabre1973

1,474 Posts.

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01/05/19

13:11

Post #: 38352276
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Originally posted by UmiTrader: ↑

The $5 million changes everything. There will be no dilutive capital raising.

On current cash burn it funds the business for 15 months and allows connection to every aged care centre in Australia and 100,000 dementia sufferers. What people may not appreciate is that the commercial rate for PainChek software is $10 per license per month, so once the software has been used for 12 months under the government sponsored trial, the annual revenue to continue is up to $12 million.

PainChek Consumer will released very shortly and the market in Australia for dementia sufferers being cared for at home is 3x larger than dementia beds in retirement centres.

Then we have distribution agreements in UK, New Zealand and Singapore to begin soon. Later this year marketing other European countries.

The largest market of all is infants and toddlers, and the beta version of the software is complete and should start a clinical trial in 1-2 months, with first sales possible late in the year.

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Nailed it Umi....sit back and relax now, enjoy the ride, GL all.

PCK Price at posting: 6.5¢ Sentiment: Buy Disclosure: Held
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