PainChek General Discussion, page-18719

PCK will issue an update next week along with the March Quarterly 4C Report. Last year this was issued on the 29th April - so Thursday next week. There are a number of reasons for optimism with this report -

• in February the Federal Dept of Health sent out an email to all RAC providers reminding them of the govt support (last time this was done around 20,000 additional bed licences were issued)
• there have been consistent downloads in Australia over the quarter plus additional downloads in the UK, NZ and Canada
• In the Dec quarterly, PD stated "several large provider agreements were delayed by the re-emergence of COVID outbreaks in late December and the Christmas shutdown periods. These discussions have been picked up again in January, with senior stake holders of Aged Care Providers returning from leave. Painchek has an extremely strong pipeline of Aged Care beds to support continued growth in 2021."
• PK also verbally advised of some good things happening in the UK.

The best quarterly increase in bed licences was in back in Dec 19 (20,000). If this was to be achieved again, bed licences would increase to 91,000 and consequently the ARR from $3.03M to around $3.8M. Based on current PE ratio of around 25, the share price could theoretically be expected to increase to 8.7c...

It is the June quarter where there could be some step changes in the performance of this company.

• KPMG Report into govt funding due which could lead to permanent funding
• Federal budget released early May which the govt has said will include further funding associated with the Aged Care Royal Commission
• Infant App scheduled to achieve CE ad TGA approval and commercially launched (initially into hospitals)
• Phillips announcements assuming Netherlands vaccinations allows the study to commence
• Disability trials completed

GLTA