PCK - PainChek Ltd

[Trav.]

April Tipping Comp Pick

New month and hopefully PainCheck rebounds after the virus decimated many of the stocks on the ASX

Some good news below and sitting well financially

 

[Trav.]

Looks like I jumped of at the wrong time...

PCK closed @ $0.18 today that's 44% this month....very nice

 

[frugal.rock]

It's painchek check time .
If support holds, it's looking like the bottom (false?) may be in, again.

 

[Trav.]

@frugal.rock you could be on the money here mate. 10c looks like the short term support level and MACD rising / Volume good

Will be interesting to see if it has another run at 12c tomorrow.

 

[Dona Ferentes]

Mobile medical device outfit PainChek was out hunting for fresh capital on Friday to finance taking its adult dementia overseas. It was looking to raise $10 million through a placement of new shares, according to terms sent to funds.

The offer was priced at 11¢ a share, which represented a 15.4 per cent discount to PainChek's last close and an 18.9 per cent discount to the five-day VWAP.

Funds were told about half of the fresh equity would be used to take PainChek's adult dementia app into Europe, Canada and the United States.

The app uses facial recognition technology to identify if patients are in pain and is particularly useful for treating patients with dementia who might not be able to verbally communicate to a caregiver what kind of pain they are in. It is used in about 700 aged care facilities in Australia

PCK; developer of the world’s first smart phone-based pain assessment and monitoring application, is pleased to report on another period of outstanding growth during the quarter ended 30 June 2020.

Table 1 above reflects PainChek’s total contracted clients and RACs globally. The numbers have grown significantly over the year ended 30 June 2020 to 207 Aged Care clients and 722 aged care facilities. Total clients have grown 18% during the June quarter and 547% over FY2020. Similarly, total RACs contracted have increased 23% during the June quarter and 409% over FY2020.

In the past 12 months PainChek has contracted an additional 175 Aged Care clients and 580 Aged Care facilities, mostly within Australia where the Company now has approximately 25% of the aged care facility market under 2-3 year agreements. To date, the Company has supplied and implemented PainChek® into more than 110 of these contracted clients and is scheduled to implement the remaining contracted clients through PainChek’s remote digital delivery capability over the coming months.

PainChek remote digital delivery capability allows for full business continuity during COVID-19
The pandemic has significantly impacted the normal routines of hospitals. In addition, the impact to the residential aged care sector has been well reported and has caused aged care facilities to go into lock down mode and focus on protecting their vulnerable residents and carers during this difficult time. \

PainChek has successfully pivoted to using its remote digital capability to continue to deliver PainChek to clients around the world. The digital capability allows the Company to sell, install, train and provide technical support to the PainChek App to all RAC facilities, even during lock down. This is a key capability which can be leveraged on a global basis as the Company extends further into International markets.

This digital capability also leverages the PainChek e-learning platforms which provides education to the clients and allows them to continue with their work without face to face interaction.

And .... this makes me so sad. It is all so dehumanising. I know it's tough, but really, folks!

 

[Dona Ferentes]

Painchek has had a remarkable year. I'm tipping it will continue its rise next month.
View attachment 97478

isn't September coming into Fall?

while the market hasn't been kind, the company has been active. Picked up Govt R&D tax incentive ($800k; Feb), "Bed Milestone" incentive ($1.25mill; March); granted patents and regulatory clearances (various countries); raised $10mill in placement (Aug); launched in Aust and Europe/ UK, likely in USA 2021/22. In enterprises (Hospitals/ Age care facilities) and likely to launch for Home Care soon.

The idea behind Painchek is reasonable enough. But if a healthcare provider didn't know when a patient was in pain by looking at their facial expression and listening to their tone of voice, they shouldn't be in the job... "Let me take a picture of your pained facial expression and let the ipad decide if I'm going to help you with that pain"... ...What sort of idiots do they take us for??

I don't think that is the full story (didn't look at the video). Elimination of subjectivity would be a core issue, and having SaaS and digital records would be a great advance in access to information. From the 08 Aug investor Presentation:
- Using video/AI to automate the facial expression assessment – eliminating subjectivity & improving accuracy
- Eliminating paperwork – all digital 42 data points with prompts = faster assessments
- Automatic logging of pain scores over time – monitor trends
- Integrates into medical records
- Helps care homes meet accreditation standards & protect income & revenues

Also from the Presentation; startling advantage if true:

1. Attractive pricing for rapid enterprise adoption, $4 per bed per month
2. Patent coverage & no direct competition – PainChek has first mover advantage for 15 years+
3. Some 80-85%+ gross margins – very low cost of goods sold

got to have some utility in these Covid times

there is a new 15 minute webinar available:
https://www.sharecafe.com.au/2020/08/21/painchek-sharecafe-hidden-gems-webinar-presentation/

 

[frugal.rock]

I know one up day doesn't make a trend reversal, but it is a pre-requisite...

 

[Faramir]

I am going to choose PCK for August 2022 Tipping comp.

Now there is no hiding how much pain you’re in if this app is used on you.

 

[frugal.rock]

I know one up day doesn't make a trend reversal, but it is a pre-requisite...

I should use that saying more often.
All original.

 

[Faramir]

Today’s share price jump of nearly 29% is due to this announcement.

https://www.painchek.com/wp-content/uploads/2022/07/PainChek-Receives-Funding-for-12-month-pilot-in-Welsh-Care-Homes.pdf

PainChek® Ltd (ASX: PCK) (“PainChek®” or “the Company”), developer of the world’s first smart phone-based pain assessment and monitoring application, is pleased to announce that it has received funding from the Gwent Regional Partnership Board in Wales that will support a 12-month pilot in care environments across Gwent, Wales.

Phrase 1 Pilot program involves 1,0000 beds.

Another announcement made on 5 July 2022:
”PainChek® to receive Government funding for children’s disability app development”

https://www.painchek.com/wp-content/uploads/2022/07/2402441.pdf