The Canadian healthcare penny stocks on our list have proven that they can operate profitably
SmallCapPower | June 29, 2017: Operating income, also known as EBIT, is a common profitability metric used by many analysts. This gauges a company’s ability to generate profits from their business operations, as tax and interest are not included in the calculation. Signs of profitability are encouraging, especially for the healthcare penny stocks on our list operating in what can be a risky space.
Ergoresearch Ltd. (TSXV: ERG) – $0.24
Medical Equipment, Supplies & Distribution
Ergoresearch Ltd. operates in the healthcare sector. The Company manufactures and sells custom foot orthotics and general orthotics, and develops durable medical equipment for the orthopedic market. The Company is engaged in development of orthopedic solutions and products impacting pain management. The Company’s products are non-invasive and non-toxic biomechanical devices, which feature patient benefits that are supported by clinical proof and scientific data. The Company designed and commercialized WebFit, a custom-fit orthotics manufacturing software program, and OdrA, an orthotic device.
- Market Cap: $17,290,521
- Operating Income (LTM): $41,530
- YTD Price Change: 9.1%
DMD Digital Health Connections Group Inc. (TSXV: DMG.H) – $0.32
Healthcare Facilities & Services
DMD Digital Health Connections Group Inc., formerly Aptilon Corporation, offers medical and healthcare provider data. The Company offers healthcare digital communications and connectivity. The Company operates through the business of healthcare data, services and solutions segment. The Company enables pharmaceutical, pharmaceutical marketing companies, digital advertising agencies and medical device companies to reach, message, connect and interact with the United States physicians and healthcare professionals through multiple access channels. The Company’s service offerings provide interactions through permission-based e-mail, targeted online advertisement-serving and mobile application advertising channels.
- Market Cap: $63,529,928
- Operating Income (LTM): $8,643,000
- YTD Price Change: 39.1%
Vigil Health Solutions Inc. (TSXV: VGL) – $0.75
Advanced Medical Equipment & Technology
Vigil Health Solutions Inc. is a Canada-based company, which is engaged in the development, marketing and distribution of a hardware and software solution for developing care plans and monitoring the aged and dementia sufferers in long-term care facilities. The Company develops and markets the Vigil Integrated Care Management System (the Vigil System) technology platform. Its technology platform combines software and hardware to provide solutions that guide care of and monitor residents living in senior living communities. The Company’s product range includes wireless Vitality Care System featuring discreet mini pendants, a nurse call system, mobile fall, incontinence monitoring, resident check in and Vigil Memory Care System.
- Market Cap: $12,718,724
- Operating Income (LTM): $942,890
- YTD Price Change: 50.0%
Epicore Bionetworks Inc. (TSXV: EBN) – $0.78
Biotechnology & Medical Research
Epicore BioNetworks Inc. (Epicore) develops, manufactures and markets specialty biotechnology, biochemical and nutrition products. Epicore specialty biochemical products are mixtures of specialty organic, inorganic and biochemical ingredients that facilitate microbe and plant growth. Some Epicore products (such as its EPIZYM-AGP COMPLETE) stimulate algae growth, an important property in shrimp and bivalve hatcheries that grow algae as animal food. Some of its products (such as EPIZYM-BGM) support microbe growth for customers who grow-up an Epicore microbial ecosystem at their location. Some Epicore biochemical products stimulate plant growth to increase plant yield and environmental stress resistance. The third Epicore product group is specialty animal feeds.
- Market Cap: $20,532,301
- Operating Income (LTM): $3,270,656
- YTD Price Change: -27.9%
Disclosure: Neither the author nor any of the principals at Small Cap Power, or their family members, own shares in any of the companies mentioned above.
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