Business Summary: Medicalgorithmics SA is a Poland-based company engaged in the advanced medical equipment and technology industry. The Company develops and manufactures system for the diagnosis of heart arrhythmia. Its product, named PocketECG, is used for remote monitoring of cardiac disorders, arrhythmia diagnosis and monitoring of heart, as well as is used for clinical drugs trials for cardiac safety. In addition, Medicalgorithmics SA provides services in the field of information technology and biotechnology, scientific research and development of natural sciences. Moreover, the Company works on the several projects, such as a device for tele-rehabilitation cardiology, software for optimizing repetitive task in hospitals, as well as devices and systems for remote description of the electrocardiography (ECG). It operates through MEDICALGORITHMICS US HOLDING CORPORATION and Medi-Lynx Cardiac Monitoring LLC and Medi-Lynx Cardiac Monitoring LLC.
Financial Summary: BRIEF: For the nine months ended 30 September 2024, Medicalgorithmics SA revenues decreased 41% to PLN18.1M. Net loss totaled PLN11.4M vs. income of PLN99K. Revenues reflect Services segment decrease of 44% to PLN15.5M, Devices segment decrease of 7% to PLN2.6M, United States (Country) segment decrease of 73% to PLN3.9M, World segment decrease of 14% to PLN11.4M.