This summary was created by AI, based on 1 opinions in the last 12 months.
Evome Medical Technologies (EVMT-X) formerly known as Salona Global Medical (SGMD-X) had an acquisition strategy in physiotherapy that led to a fair amount of debt, causing concern in the market. The new management is focused on paying down debt by selling off divisions and aims to eliminate all acquisition debt by late 2024/early 2025. The company has introduced new technology that has made its equipment smaller and more tech-driven, enabling mass sales. With revenue ramping up and positive EBITDA, the company is looking to expand its deals globally, flying under the radar in the market.
Evome Medical Technologies is a Canadian stock, trading under the symbol EVMT-X on the TSX Venture Exchange (EVMT-CV). It is usually referred to as TSXV:EVMT or EVMT-X
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In the last year, there was no coverage of Evome Medical Technologies published on Stockchase.
On 2024-12-13, Evome Medical Technologies (EVMT-X) stock closed at a price of $0.095.
(Formerly Salona Global Medical, SGMD-X)
Acquisition strategy in physiotherapy, racked up a fair bit of debt. Market got concerned. New management, paying down some debt by selling off divisions. Goal is to get rid of all acquisition debt by late 2024/early 2025. New tech has made equipment smaller and more technology-driven, which will allow for mass sales.
Revenue ramping up, EBITDA has turned positive. Under the radar. Looking to do deals outside NA as well.