Insights

4DMedical (ASX:4DX) share price flies 5% higher on purchase order

The software technology company just announced a lucrative sale…
The post 4DMedical (ASX:4DX) share price flies 5% higher on purchase order appeared first on The Motley Fool Australia. –

The 4DMedical Ltd (ASX: 4DX) share price is on the move this Thursday morning.

This follows the company’s latest announcement regarding a purchase order for preclinical scanner.

At the time of writing, 4DMedical shares are trading at $1.34, up 5.51%.

What did 4DMedical announce?

In today’s statement, 4DMedical advised it has sold one Permetium preclinical scanners to the University of Michigan in the United States.

The $600,000 purchase will see the University of Michigan deploy the medical device to its Centre of Molecular Imaging. From there, it will be used to perform safe and quick quantitative imaging of lung function and vascular changes.

The Permetium preclinical scanner adopts the company’s patented XV Technology in analysing lung airway disease. Utilising the hospital’s existing systems, a series of x-ray images are taken from different angles simultaneously.

The XV Technology then uses image-processing methods to measure the motion in lung tissue, calculating ventilation at each stage of breath. The measurements are then recorded and visualised as a coloured heat-map to identify ventilation deficits.

The United States National Institutes of Health (NIH), a government agency responsible for biomedical and public health research, will fund the purchase. While this includes the preclinical scanner and its software, additional scans required will generate Software-as-a-Service (SaaS) revenue for 4DMedical.

It is expected that the preclinical scanner will be shipped to the University of Michigan in the next few months.

Commenting on the sale, 4DMedical founder and CEO Andreas Fouras said:

We are very pleased to support the University of Michigan’s activities with our XV Technology and preclinical scanner. This provides the organisation with the only commercially available device for ultra-high- resolution imaging and quantification of cardiothoracic disease models. The sale of preclinical scanners and XV Technology software to opinion-leading sites will provide further evidence of the effectiveness of our technology and help drive clinical demand for 4DMedical’s software products.

About the 4DMedical share price

Despite today’s gain, 4DMedical shares have disappointed investors, trailing at a loss close to 50% in the last 12 months.

The company’s share price is travelling within the lower end of its 52-week range of $1.12 to $2.98.

4DMedical has a market capitalisation of roughly $263 million, with more than 207 million shares outstanding.

The post 4DMedical (ASX:4DX) share price flies 5% higher on purchase order appeared first on The Motley Fool Australia.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of May 24th 2021

More reading

The Island Pharma (ASX:ILA) share price lifts on key US patent milestone

Motley Fool contributor Aaron Teboneras has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!