Announcement • Apr 02
Diagnos Inc Successfully Completes Renewal Of US-FDA Medical Device Establishment Registration Diagnos Inc. had completed the annual registration for its medical device establishment with the U.S. Food and Drug Administration (FDA). Additionally, DIAGNOS would like to remind the reader that the legacy version of CARA, as a Medical Image Management and Processing System, remains cleared for commercialization in the USA. The future version of CARA, which incorporates many other eye-related disease detection algorithms, is in the process of obtaining applicable regulatory approvals as detailed in the press release dated January 13, 2026. Reported Earnings • Feb 27
Third quarter 2026 earnings released: CA$0.01 loss per share (vs CA$0.013 loss in 3Q 2025) Third quarter 2026 results: CA$0.01 loss per share (improved from CA$0.013 loss in 3Q 2025). Net loss: CA$1.16m (loss narrowed 4.3% from 3Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 7% per year. Announcement • Jan 14
Diagnos Inc. Advances Regulatory Strategy for Cara in Key Markets: Updates on Health Canada, Fda, and Sfda Progress Diagnos Inc. provided an update on the regulatory pathway for its AI platform, CARA. This follows the acceleration plan announced on October 8, 2025. The Corporation continues to execute its strategy to secure approvals in three targeted jurisdictions: Saudi Arabia (SFDA): DIAGNOS has formally submitted CARA for marketing approval to the Saudi Food and Drug Authority (SFDA). Canada (Health Canada): The Corporation is actively engaged with Health Canada to ensure full alignment with applicable medical device regulations. DIAGNOS confirms it is on track to submit its formal application for CARA in the course of this current quarter. United States (FDA): Following strategic meetings with the U.S. Food & Drug Administration (FDA), DIAGNOS has clarified the specific requirements to secure 510(k) clearance, paving the way for commercialization in the US market. New Risk • Dec 24
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 38% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$1.5m). Earnings have declined by 14% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m (CA$79k revenue, or US$58k). Minor Risk Market cap is less than US$100m (CA$45.9m market cap, or US$33.5m). New Risk • Dec 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 23% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$1.5m). Earnings have declined by 14% per year over the past 5 years. Revenue is less than US$1m (CA$79k revenue, or US$57k). Minor Risks Shareholders have been diluted in the past year (23% increase in shares outstanding). Market cap is less than US$100m (CA$37.4m market cap, or US$27.2m). Announcement • Dec 10
DIAGNOS Inc. announced that it has received CAD 4.001179 million in funding On December 9, 2025, DIAGNOS Inc. closed the transaction. The company announced that it has issued 13,337,262 Units at a price of CAD 0.30 per Unit for aggregate gross proceeds of CAD 4,001,178.60. The transaction is oversubscribed. In connection with the Offering, the Company paid a cash commission of CAD 153,974.40, issued 666,863 Units as a corporate finance fee and issued 513,248 broker warrants (the “Broker Warrants”). Each Broker Warrant entitles the holder to acquire a Unit at the Issue Price at any time on or before June 6, 2027. The securities to be issued under the Offering will have a hold period of four months and one day from the Closing Date under applicable Canadian securities laws. Certain related parties of the Company, namely two (2) directors and one (1) officer, participated in the Offering, acquiring an aggregate of 316,665 Units on the same basis as other subscribers. The transaction is oversubscribed. Reported Earnings • Nov 21
Second quarter 2026 earnings released: CA$0.011 loss per share (vs CA$0.012 loss in 2Q 2025) Second quarter 2026 results: CA$0.011 loss per share. Net loss: CA$1.10m (loss widened 7.6% from 2Q 2025). Announcement • Nov 11
DIAGNOS Inc. announced that it expects to receive CAD 2 million in funding DIAGNOS Inc. announces a brokered private placement to issue 6,666,667 units at a price of CAD 0.30 per unit for gross proceeds of CAD 2,000,000.1 on November 10, 2025. Each Unit shall consist of one common share in the capital of the Company and one common share purchase warrant. Each Warrant shall be exercisable into one additional common share of the Company at a price of CAD 0.40 per Warrant Share at any time for a period of 18 months following the Closing Date. The Offering is expected to close on or around December 3, 2025, or such other dates as agreed upon between the Company and the Lead Agent and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The securities to be issued under the Offering will have a hold period of four months and one day from the Closing Date under applicable Canadian securities laws. Announcement • Nov 01
Diagnos Inc. Announces the Appointment of Dr. Philipgpe Couillard as Chairman of the Board of Directors Diagnos Inc. announced the appointment of Dr. Philipgpe Couillard as Chairman of the board of directors (the “Board”).Dr. Couillard is a seasoned business advisor and neurosurgeon. He has served in two significant public roles in the government of the province of Quebec (Canada); as Minister of Health and Social Services between 2003 and 2008 and as Premier of the province from 2014 to 2018. Dr. Couillard joined the Board of DIAGNOS on April 1, 2024. Announcement • Oct 28
DIAGNOS Inc. Announces Dr. Pierre-Luc Charlebois Joins Advisory Board DIAGNOS Inc. announced that Dr. Pierre-Luc Charlebois has joined the Corporation’s Advisory Board. Along with fellow members, Dr. Tomas J. Philipson, former vice chairman of the White House Council of Economic Advisers, Mr. Ed Weiner, a seasoned entrepreneur, and Dr. Barry A. Ginsberg, optometrist, Dr. Charlebois will act as special counsel to the Corporation’s management. Dr. Charlebois is an orthopedic surgeon practicing in the province of Quebec, Canada. Dr. Charlebois earned his orthopedic surgeon medical degree from the University of Montreal. He also holds a master`s degree in Health Economics, Policy and Management from the London School of Economics and Political Science. Announcement • Sep 06
DIAGNOS Inc. announced that it has received CAD 0.1 million in funding On September 5, 2025, DIAGNOS Inc. closed the transaction. The company issued 10 units at a price of CAD 10,000 per unit for gross proceeds of CAD 100,000. Each unit consists of one CAD 10,000 unsecured convertible debenture and 10,000 stock warrants. The units have been subscribed by one director of the corporation. Each debenture has a term of 12 months and bears interest at the annual rate of 10%, payable in cash. At the option of the holder of the debenture, the principal amount may be converted, at any time during the term, into common shares of the corporation at a price of CAD 0.28 per share. Each warrant entitles the holder to purchase one share at a price of CAD 0.40 per share, at any time during the term. All securities to be issued as part of the private placement are subject to a statutory hold period ending on January 6, 2026. The private placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as full receipt of funds and execution of formal documentation. Announcement • Sep 04
DIAGNOS Inc. announced that it expects to receive CAD 0.1 million in funding DIAGNOS Inc. announces a non-brokered private placement to issue 10 units at a price of CAD 10,000 per unit for gross proceeds of CAD 100,000 on September 3, 2025. Each unit consists of One CAD 10,000 unsecured convertible debenture and 10,000 stock warrants. Each Debenture has a term of 12 months and bears interest at the annual rate of 10%, payable in cash. At the option of the holder of the Debenture, the principal amount may be converted, at any time during the Term, into common shares of the Corporation at a price of CAD 0.28 per Share. One director of the Corporation has committed to subscribe for all of the Units of the Private placement. All securities to be issued as part of the Private placement will be subject to a 4-month statutory hold period. The Private placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as full receipt of funds and execution of formal documentation. Reported Earnings • Aug 21
First quarter 2026 earnings released: CA$0.011 loss per share (vs CA$0.009 loss in 1Q 2025) First quarter 2026 results: CA$0.011 loss per share (further deteriorated from CA$0.009 loss in 1Q 2025). Net loss: CA$1.11m (loss widened 55% from 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Announcement • Jul 28
DIAGNOS Inc., Annual General Meeting, Sep 25, 2025 DIAGNOS Inc., Annual General Meeting, Sep 25, 2025. Location: quebec, brossard Canada Board Change • Jul 02
High number of new and inexperienced directors There are 5 new directors who have joined the board in the last 3 years. The company's board is composed of: 5 new directors. 1 experienced director. 3 highly experienced directors. CEO, President & Executive Chairman Andre Larente is the most experienced director on the board, commencing their role in 2000. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Announcement • Jun 26
DIAGNOS Inc. Announces Dr. Barry A. Ginsberg Joins Advisory Board Diagnos Inc. announced that Dr. Barry A. Ginsberg, O.D. has joined the Corporation's Advisory Board. Mr. Weiner will team up with Dr. Tomas J. Philipson, former vice chairman and acting chairman of the White House Council of Economic Advisers and Mr. Ed Weiner, a seasoned entrepreneur, to provide valuable insights to DIAGNOS about the US optical market. Dr. Ginsberg brings more than three decades of practice across corporate, retail and private-practice settings, giving him a ground-level view of how new technologies gain traction in high-volume optometry environments. He has repeatedly identified and launched innovative products and services that increased revenue per visit and improved patient retention for leading optical chains. This commercial experience, combined with his expertise in advanced contact-lens fitting and ocular-disease management, will help DIAGNOS refine its go-to-market strategy and demonstrate the tangible ROI of AI-driven screening to investors and practitioners alike. Dr. Ginsberg earned a B.A. in Chemistry with a minor in Economics from Yeshiva University, followed by a B.S. and Doctor of Optometry from the Pennsylvania College of Optometry. His training included an externship at the Feinbloom Low Vision Center in Philadelphia, where he focused on age-related macular degeneration, and another at the Goldschleger Eye Institute in Tel Hashomer Hospital, Israel, where he concentrated on glaucoma and other ocular diseases. Announcement • Jun 11
Diagnos Appoints Ed Weiner, to Its Advisory Board for the United States Diagnos Inc. announced that Mr. Ed Weiner has joined the Corporation’s Advisory Board. Mr. Weiner will team up with Dr. Tomas J. Philipson, former vice chairman and acting chairman of the White House Council of Economic Advisers, to provide valuable insights to DIAGNOS about the US optical market. Mr. Weiner is a seasoned entrepreneur and has been a leader in the optical industry for decades. He was the first to introduce Ralph Lauren Eyewear. He also partnered with Walmart to open 400 optical locations within Walmart’s chain of stores. Mr. Weiner was also chairman and founder of National Vision Associates, one of the largest optical retailers in the USA. Announcement • Jun 05
Diagnos Inc. Announces That Tomas J. Philipson Joins the Corporation's Advisory Board Diagnos Inc. announced that Dr. Tomas J. Philipson has joined the Corporation’s Advisory Board. Dr. Tomas J. Philipson is considered an expert in US economic policy, particularly health care policy and appears often on major media outlets, including Forbes, The Economist, The Wall Street Journal, The New York Times, CNN, BBC, CBS, ABC, CNBC, Fox News, Fox Business, Newsmax, Yahoo Finance, American Voice, Bloomberg, and CSPAN. He currently serves as Managing Partner of the VC firm MEDA Ventures, serves on several corporate boards, and has co-founded several companies, including Precision Health Economics LLC, with an exit in 2015 (currently owned by Blackstone). His government service includes a full-time position as vice chairman and acting chairman of the White House Council of Economic Advisers 2017-20. He previously served as a senior economic adviser to the head of the Food and Drug Administration (FDA) and a senior economic advisor to the head of the Centers for Medicare and Medicaid Services (CMS). Dr. Philipson was appointed to the Key Indicator Commission by the Speaker of the House of Representatives in 2012. He was a scientific advisor to the House of Representatives initiative 21st Century Cures in 2015 and The Biden Cancer Initiative in 2017. He served as a healthcare advisor to Senator John McCain's 2008 presidential campaign. He received numerous worldwide research awards while he was a chaired professor at the University of Chicago. He is a two-time winner of the Arrow Award of The International Health Economics Association, the highest honor in health economics. Other awards include the Garfield Award for Economic Research, the Prêmio Haralambos Simeonidis from the Brazilian Economic Association, and the Milken Institute’s Distinguished Economic Research Award. He received a B.A. in mathematics from Uppsala University in Sweden, an MA in Mathematics from Claremont Graduate School, and an MA and Ph.D. in Economics from the Wharton School and the University of Pennsylvania. Reported Earnings • May 29
Full year 2025 earnings released: CA$0.049 loss per share (vs CA$0.043 loss in FY 2024) Full year 2025 results: CA$0.049 loss per share (further deteriorated from CA$0.043 loss in FY 2024). Net loss: CA$4.29m (loss widened 37% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Announcement • Apr 09
Diagnos Inc. Provides Update on its Health Canada Medical Device License Application DIAGNOS Inc. provided an update on the progress of its Medical device license application for CARA System, submitted to Health Canada in early September 2024. Following the submission of its application in early September, DIAGNOS has engaged in ongoing communication with Health Canada, providing timely responses to all regulatory requests. After more than 11 proactive inquiries regarding the application's status, the company announced that Health Canada has confirmed that the application is now under "active processing", having progressed from a previous backlog. Announcement • Feb 26
DIAGNOS Inc. to File for FDA Pre-Market Authorization of Its AI-Powered Cara System Diagnos Inc. announced that it is officially filing for U.S. Food and Drug Administration (FDA) pre-market authorization of its CARA SYSTEM, a machine-learning-enabled medical device (MLMD). To ensure a smooth regulatory process, DIAGNOS has engaged ORA, a leading clinical research organization specializing in regulatory affairs and clinical development for ophthalmic products. The CARA SYSTEM is designed to assist optometrists and frontline healthcare professionals in analyzing fundus images for the early detection of diabetic retinopathy, age-related macular degeneration, and hypertensive retinopathy. By leveraging Artificial Intelligence, DIAGNOS aims to enhance diagnostic accuracy, streamline workflows, and improve patient outcomes on a global scale. Reported Earnings • Feb 13
Third quarter 2025 earnings released: CA$0.013 loss per share (vs CA$0.011 loss in 3Q 2024) Third quarter 2025 results: CA$0.013 loss per share (further deteriorated from CA$0.011 loss in 3Q 2024). Net loss: CA$1.21m (loss widened 50% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 7% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Feb 06
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$915k). Earnings have declined by 0.6% per year over the past 5 years. Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m (CA$153k revenue, or US$107k). Minor Risk Market cap is less than US$100m (CA$35.7m market cap, or US$24.9m). Announcement • Feb 06
DIAGNOS Inc. announced that it has received CAD 2.014611 million in funding DIAGNOS Inc. announced a non-brokered private placement to issue 6,715,370 units at a price of CAD 0.30 per unit for gross proceeds of CAD 2,014,611 on February 5, 2025. Each Unit consists of one common share and one common share warrant. Each Warrant can be exercised to purchase one Share at a price of CAD 0.40 per Share for a period of 18 months ending August 5, 2026. In connection with the closing of the Private Placement, the Corporation paid cash commissions totaling CAD 39,246.72 and issued an aggregate number of 130,821 finder’s warrants to five qualified firms acting at arm’s length to the Corporation. Each finder’s warrant entitles the holder to purchase one Share at an exercise price of CAD 0.40 per Share for a period of 18 months ending August 5, 2026. All securities issued as part of the Private Placement are subject to a statutory hold period ending June 6, 2025. The closing of the Private Placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. New Risk • Nov 22
New major risk - Revenue and earnings growth Earnings have declined by 0.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$915k). Earnings have declined by 0.6% per year over the past 5 years. Revenue is less than US$1m (CA$153k revenue, or US$110k). Minor Risks Shareholders have been diluted in the past year (31% increase in shares outstanding). Market cap is less than US$100m (CA$25.7m market cap, or US$18.4m). Reported Earnings • Nov 22
Second quarter 2025 earnings: EPS in line with expectations, revenues disappoint Second quarter 2025 results: CA$0.012 loss per share (further deteriorated from CA$0.01 loss in 2Q 2024). Net loss: CA$1.02m (loss widened 36% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 12% per year, which means it is performing significantly worse than earnings. Announcement • Oct 26
DIAGNOS Inc. announced that it has received CAD 1.5686 million in funding DIAGNOS Inc. announces the closing of a non-brokered private placement of 5,228,668 units at a price of CAD 0.3 per unit for gross proceeds of CAD 1,568,600.40 on October 25, 2024. Each Unit consists of one common share and one common share warrant. As part of the closing of the Private Placement, 5,228,668 Warrants have been issued to the subscribers. Each Warrant can be exercised to purchase one Share at a price of CAD 0.40 per Share for a period of 18 months ending April 25, 2026. In connection with the closing of the Private Placement, the Corporation (i) paid cash commissions amounting to CAD 18,207 and (ii) issued an aggregate number of 60,690 finder’s warrants to three qualified firms acting at arm’s length to the Corporation. Each finder’s warrant entitles the holder to purchase one Share at an exercise price of CAD 0.40 per Share for a period of 18 months ending April 25, 2026. All securities issued as part of the Private Placement are subject to a statutory hold period ending February 26, 2025. The closing of the Private Placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. New Risk • Aug 22
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.3m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.3m free cash flow). Negative equity (-CA$2.4m). Revenue is less than US$1m (CA$164k revenue, or US$120k). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Market cap is less than US$100m (CA$29.7m market cap, or US$21.8m). Announcement • Jul 30
DIAGNOS Inc., Annual General Meeting, Sep 25, 2024 DIAGNOS Inc., Annual General Meeting, Sep 25, 2024. Location: quebec, brossard Canada Reported Earnings • Jul 18
Full year 2024 earnings released: CA$0.043 loss per share (vs CA$0.036 loss in FY 2023) Full year 2024 results: CA$0.043 loss per share (further deteriorated from CA$0.036 loss in FY 2023). Revenue: CA$170.2k (down 65% from FY 2023). Net loss: CA$3.12m (loss widened 26% from FY 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has fallen by 16% per year, which means it is performing significantly worse than earnings. Announcement • Jun 06
DIAGNOS Inc. announced that it has received CAD 1.295821 million in funding On June 5. 2024, DIAGNOS Inc. closed the transaction. The company issued 3,502,931 units at an issue price of CAD 0.28 per Unit, for gross proceeds of CAD 980,820.68 in second and final tranche. Each unit will consist of one common share and one share purchase warrant. As part of the closing of the second and final tranche of the Private Placement, 3,502,931 Warrants have been issued to the subscribers. Each Warrant can be exercised to purchase one Share at a price of CAD 0.40 per Share for a period of 18 months ending December 5, 2025. Combined with the first closing announced on May 9, 2024, the aggregate number of Warrants issued as part of the Private Placement is 4,627,931. In connection with the closing of the second and final tranche of the Private Placement, the Corporation (i) paid cash commissions amounting to CAD 27,804.01 to three qualified firms acting at arm’s length and (ii) issued an aggregate number of 86,800 finder’s warrants to two qualified firms acting at arm’s length. Each finder’s warrant entitles the holder to purchase one Share at an exercise price of CAD 0.40 per Share for a period of 18 months ending December 5, 2025. All securities issued as part of the second and final tranche of the Private Placement are subject to a statutory hold period ending October 6, 2024. The closing of the Private Placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. The aggregate number of Units is 4,627,931 and the aggregate gross proceeds amount to CAD 1,295,820.68. Announcement • May 11
DIAGNOS Inc. announced that it expects to receive CAD 1.5 million in funding DIAGNOS Inc. announced a non-brokered private placement of 5,357,142 units at a price of CAD 0.28 per unit for the gross proceeds of CAD 1,500,000 on May 9, 2024. Each unit will consist of one common share and one share purchase warrant. Each warrant can be exercised to purchase one Share at a price of CAD 0.40 per share for a period of 18 months ending November 9, 2025. All securities issued as part of the first tranche of the Private Placement are subject to a statutory hold period ending September 10, 2024. The closing of the private placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. The corporation expects to close a second and final tranche of the private placement before May 31, 2024.
On the same day, the company issued 1,125,000 units at a price of CAD 0.28 per unit for the gross proceeds of CAD 315,000 in its first tranche closing. Announcement • May 08
Diagnos Inc. Announces to Present Cutting-Edge AI Solutions for Retinal Health at ARVO 2024 Diagnos Inc. in collaboration with ETS, École de Technologie Supérieure, is proud to announce its participation in the Association for Research in Vision and Ophthalmology (ARVO) 2024 Annual Meeting. DIAGNOS will showcase its latest advancements in artificial intelligence applied to retinal imaging, aiming to revolutionize the way retinal anomalies are detected and diagnosed. During ARVO 2024, DIAGNOS will present three groundbreaking topics: AI-Assisted Automated Screening of Retinal Anomalies in OCT Images: A Deep Learning Approach. All that Glitters is not Gold: Are Current Retina Foundation Models Able to Efficiently Detect Hypertensive Retinopathy. Domain Generalization for Diabetic Retinopathy Grading through Vision-Language Foundation Models. OCT Model: DIAGNOS Convolutional Neural Network (CNN) models, based on OCT images, have achieved remarkable accuracy in identifying subtle changes in retinal morphology indicative of various diseases, such as macular edema, diabetic retinopathy, and age-related macular degeneration. These models, trained on large-scale datasets, extract relevant features from images automatically, enabling early detection of retinal anomalies. Early intervention facilitated by these models has the potential to prevent or delay vision loss and associated complications. Hypertensive Retinopathy: The early detection of Hypertensive Retinopathy (HR) is crucial to prevent irreversible damage to the retinal microcirculation as well as risk prediction tools in cardiovascular disease prevention. DIAGNOS is utilizing Foundation Models, pre-trained on diverse datasets and tasks, to achieve high accuracy in identifying early cases of HR. These computer-aided systems offer a cost-effective solution for disease screening using fundus images, providing objective assessments and assisting clinicians in timely intervention. Vision Language Foundation Model: DIAGNOS is exploring a foundation model for color fundus images able to encode images and text information through vision language encoders, driven by expert knowledge supervision via prompt descriptions. This interdisciplinary approach at the intersection of computer vision, natural language processing and medical imaging, aimed at improving the diagnosis and management of diabetic retinopathy through advanced machine learning techniques. DIAGNOS is at the forefront of innovation in the AI world applied to medical systems. These innovative AI systems provide objective assessments and assist clinicians in interpreting complex Retinal Fundus and OCT images. By enhancing diagnostic confidence and reducing variability in interpretation among practitioners, DIAGNOS is pioneering a new era in retinal healthcare. Announcement • Apr 17
DIAGNOS Inc. to Expedite Application for Medical Device License to Health Canada and US FDA Related to its 4 New Analysis Modules, and is Planning ISO 27001 Certification DIAGNOS Inc. announced that it is working on getting new Health Canada and FDA approval on 4 additional AI analysis modules for commercialisation during third quarter 2024. These additions to DIAGNOS’ service will provide its customers with a flexible AI-assisted image processing and analysis solution for the detection of a wide range of retinopathies in a general population. Specifically, the new modules aim to assist health care professionals in identifying generally abnormal Optical Coherence Tomography retinal images, and in the grading of Fundus images as it relates to signs of AMD (Age-Related Macular Degeneration), DR (Diabetic Retinopathy), or HR (Hypertensive retinopathy). These new AI analytic modules will provide DIAGNOS with the opportunity to grow its revenue faster. The modernisation of its Health Canada license was required by both current clients, the Quebec government as well as being a pre-requisite by Essilor Luxottica in order to distribute its services in Canada, as well as for a future US market. DIAGNOS is also working towards its ISO 27001 Cyber Security application, a certification that is requested from its customers and prospects. Board Change • Apr 05
Less than half of directors are independent Following Director Philippe Couillard's arrival on 01 April 2024, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Director Robert Dunn was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 02
DIAGNOS Inc. Appoints Philippe Couillard to Its Board of Directors Diagnos Inc. announced the appointment of Dr. Philippe Couillard to the Corporation’s board of directors (the “Board”). Seasoned business advisor, neurosurgeon and former university professor, Dr. Couillard served as Premier of the province of Quebec from 2014 to 2018. Between 2003 and 2008, he was the province of Quebec'sMinister of Health and Social Services. Today, Dr. Couillard acts as strategic advisor to Canadian and international organizations. Dr. Couillard’s directorship became effective April 1, 2024. Announcement • Mar 23
DIAGNOS Inc. announced that it has received CAD 0.578 million in funding On March 22, 2024, DIAGNOS Inc closed the transaction. The company issued 650,000 units at an issue price of CAD 0.28 per Unit for gross proceeds of CAD 182,000 under second and final tranche. Each Unit consists of One common share and One common share warrant. Each Warrant can be exercised to purchase one Share at a price of CAD 0.40 per Share for a period of 18 months ending September 22, 2025. The company has paid finder's fees of CAD 7,840 and issued aggregate number of 28,000 finder’s warrants to two qualified firms acting at arm’s length (each a “Finder”). Each finder’s warrant entitles the Finder to purchase one Share at an exercise price of CAD 0.40 per Share for a period of 18 months ending September 22, 2025. All securities issued as part of the second and final tranche of the Private Placement are subject to a statutory hold period ending July 23, 2024. Announcement • Mar 02
DIAGNOS Inc. Appoints Michael Braeuel to Board of Directors Diagnos Inc. announce the appointment of Mr. Michael Braeuel to the Corporation's board of directors. Mr. Braeuel has a successful track record as an accomplished entrepreneur with over 30 years of hands-on business experience. Over the years, he has been able to establish, expand, and ultimately sell two highly profitable businesses. One of them is providing engineering and systems integration services for machine vision inspection technology. Michael holds a master degree in engineering. Mr. Braeuel's directorship is effective February 29, 2024. New Risk • Feb 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$2.0m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Negative equity (-CA$2.9m). Revenue is less than US$1m (CA$196k revenue, or US$145k). Minor Risks Shareholders have been diluted in the past year (7.3% increase in shares outstanding). Significant insider selling over the past 3 months (CA$240k sold). Market cap is less than US$100m (CA$21.2m market cap, or US$15.6m). Reported Earnings • Feb 29
Third quarter 2024 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2024 results: CA$0.011 loss per share (further deteriorated from CA$0.007 loss in 3Q 2023). Revenue: CA$52.1k (down 57% from 3Q 2023). Net loss: CA$810.0k (loss widened 58% from 3Q 2023). Revenue is forecast to grow 222% p.a. on average during the next 2 years, compared to a 11% growth forecast for the Healthcare Services industry in North America. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 22% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Feb 26
Insider recently sold CA$240k worth of stock On the 20th of February, Tristram Coffin sold around 800k shares on-market at roughly CA$0.30 per share. This transaction amounted to 9.7% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • Jan 17
Diagnos Inc. Appoints Yves-Stéphane Couture as Chief Operating Officer Diagnos Inc. announced the appointment of Mr. Yves-Stéphane Couture as Chief Operating Officer. As part of his duties, Mr. Couture will be responsible for the continuous development of product CARA as well as its commercialization worldwide. Mr. Couture joined DIAGNOS in 2017. Since then, he has been a key asset in the development of AI-based solutions used by optometrists and ophthalmologists to detect and classify multiple illnesses through the analysis of fundus pictures as well as retina scans. Yves-Stéphane strongly believes that AI-based solutions is key to solving some of the most important challenges facing healthcare providers in the delivery of care to patients. Mr. Couture’s new role is effective January 15, 2024. Prior to joining DIAGNOS, Mr. Couture led sales and implementation teams with large IT and telecommunication companies, such as Alcatel-Lucent and Teleglobe, where he was in charge of commercializing and implementing complex infrastructure solutions for health care providers and hospitals. Mr. Couture holds a Bachelor degree in administration from the University of Sherbrooke where he also received a master degree in marketing. Price Target Changed • Dec 13
Price target increased by 50% to CA$1.50 Up from CA$1.00, the current price target is provided by 1 analyst. New target price is 245% above last closing price of CA$0.43. Stock is up 118% over the past year. The company is forecast to post a net loss per share of CA$0.04 next year compared to a net loss per share of CA$0.036 last year. Announcement • Dec 05
DIAGNOS Inc. announced that it has received CAD 0.640051 million in funding DIAGNOS Inc. announced a non brokered private placement to issue 1,828,717 units at an issue price of CAD 0.35 per Unit, for gross proceeds of CAD 640,050.95 on December 4, 2023. Each Unit consists of One common share and One-half common share warrant. Each whole warrant can be exercised to purchase one Share at a price of CAD 0.45 per Share for a period of 18 months ending June 4, 2025. An aggregate number of 914,356 Warrants have been issued as part of the Private Placement. In connection with the closing of the Private Placement, the Corporation has committed to pay a cash commission of CAD 11,250 to one qualified firm acting at arm’s length, Optimista Consulting Services Inc. All securities issued as part of the Private Placement are subject to a statutory hold period ending April 5, 2024. The Private Placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. Reported Earnings • Nov 29
Second quarter 2024 earnings: EPS in line with expectations, revenues disappoint Second quarter 2024 results: CA$0.01 loss per share (further deteriorated from CA$0.007 loss in 2Q 2023). Revenue: CA$32.7k (down 78% from 2Q 2023). Net loss: CA$749.6k (loss widened 44% from 2Q 2023). Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. Acting Independent Chairman of the Board Vincent Duhamel was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Aug 25
First quarter 2024 earnings released: CA$0.011 loss per share (vs CA$0.01 loss in 1Q 2023) First quarter 2024 results: CA$0.011 loss per share (further deteriorated from CA$0.01 loss in 1Q 2023). Revenue: CA$43.3k (down 71% from 1Q 2023). Net loss: CA$752.2k (loss widened 4.9% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 29% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Aug 01
DIAGNOS Inc., Annual General Meeting, Sep 28, 2023 DIAGNOS Inc., Annual General Meeting, Sep 28, 2023. Reported Earnings • Jul 14
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: CA$0.036 loss per share (improved from CA$0.038 loss in FY 2022). Revenue: CA$485.7k (up 11% from FY 2022). Net loss: CA$2.48m (loss narrowed 4.9% from FY 2022). Revenue missed analyst estimates by 9.2%. Earnings per share (EPS) also missed analyst estimates by 33%. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$1.5m). Revenue is less than US$1m (CA$570k revenue, or US$426k). Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Shareholders have been diluted in the past year (3.1% increase in shares outstanding). Market cap is less than US$100m (CA$22.2m market cap, or US$16.6m). Announcement • May 19
DIAGNOS Inc. announced that it has received CAD 0.865 million in funding DIAGNOS Inc. announced a non-brokered private placement of 10% unsecured convertible debentures and stock warrants for gross proceeds of CAD 865,000 on May 18, 2023. The Debentures have a term of 24 months ending May 18, 2025 and bear interest at the annual rate of 10%. At the option of the Debenture holder, the principal amount of the Debenture may be converted, at any time during the Term, into common shares of the Corporation at a price of CAD 0.37 per Share. Any accrued interest on the principal, at time of conversion, will be immediately payable in cash. An aggregate number of 865,000 Warrants have been issued as part of the Private Placement. Each Warrant entitles the holder to purchase one Share at a price of CAD 0.45 per Share, for a period of 18 months ending November 18, 2024. In connection with the closing of the transaction, the Corporation will pay a cash commission of CAD 15,500 to one qualified firm acting at arm’s length, Optimista Consulting Services Inc. All securities issued as part of the transaction are subject to a statutory hold period ending September 19, 2023. The transaction remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as execution of formal documentation. Announcement • Feb 15
DIAGNOS and ETS to Present Research on Mass Screening for Macular Edema at ARVO 2023 DIAGNOS and École de Technologie Supérieure (ÉTS) announced that they will be presenting the results of their ground-breaking research on mass screening for macular edema using Optical Coherence Tomography (OCT) at ARVO 2023, the Annual Conference of the Association for Research in Vision and Ophthalmology (ARVO). The research, which has been selected by the ARVO imaging program committee, represents a major advancement in the field of medical imaging and highlights the important work being carried out by DIAGNOS and ÉTS. Announcement • Feb 01
Diagnos Inc Gets the Green Light for the Use of Its Diabetic Retinopathy Screening Technology in Quebec Hospitals Diagnos Inc. announced that the Quebec government has given the green light to Diagnos' Artificial Intelligence (AI) technology to screen and assess Diabetic Retinopathy of patients served by the endocrinology departments of hospitals across the province. This positive milestone comes as the result of a collaboration project initiated in 2018, where Diagnos’ technology was utilized to screen and classify the level severity of the Diabetic Retinopathy disease in patients of the endocrinology department from a major Quebec Hospital. The pilot phase of the project has been successfully concluded, resulting in the production of a final report by government officials. This report has been disseminated to all hospitals in the province, highlighting the cost savings and other benefits of implementing DIAGNOS' technology. Specifically, the report found that using DIAGNOS' technology resulted in cost savings of $85 per patient, as well as additional savings from the optimization and reduction of time required from healthcare workers. Reported Earnings • Jan 26
Third quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.009 loss in 3Q 2022) Third quarter 2023 results: CA$0.007 loss per share (improved from CA$0.009 loss in 3Q 2022). Revenue: CA$121.9k (down 6.1% from 3Q 2022). Net loss: CA$514.0k (loss narrowed 15% from 3Q 2022). Revenue is forecast to grow 145% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Healthcare Services industry in Canada. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 19% per year, which means it is significantly lagging earnings growth. Announcement • Jan 14
DIAGNOS Inc. announced that it has received CAD 0.25 million in funding DIAGNOS Inc. announced a non-brokered private placement of 5 units at an issue price of CAD 50,000 per unit for the gross proceeds of CAD 250,000. Each unit consists of one unsecured convertible debenture and 50,000 stock warrants. Each Warrant entitles the holder to purchase one Share at a price of CAD 0.26 per Share, for a period of 18 months ending July 13, 2024. Each Debenture has a term of 36 months ending January 13, 2026 and bears interest at the annual rate of 10%. At the option of the holder of the Debenture, the principal amount of the Debenture may be converted, at any time during the Term, into common shares of the Corporation at a price of CAD 0.22 per Share. Any accrued interest on the principal, at time of conversion, will be immediately payable in cash. 250,000 Warrants have been issued as part of the transaction. . If, at any time following May 14, 2023, the daily volume weighted average trading price of the Shares is or exceeds CAD 0.40 for 15 consecutive trading days, the company shall have the option to accelerate the expiry of the Warrants. If the company chooses to exercise the acceleration right, the new expiry date of the Warrants will be the 30th day following the notice of such exercise. In connection with the closing of the transaction, the company paid a cash commission of CAD 12,500 to one qualified firm acting at arm’s length, Optimista consulting services Inc. All securities issued as part of the Private Placement are subject to a statutory hold period ending May 14, 2023. The transaction is subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as full receipt of funds and execution of formal documentation. The company has raised 1,100,000 units so far. Announcement • Dec 13
DIAGNOS Inc. announced that it has received CAD 0.85 million in funding On December 12, 2022, DIAGNOS Inc. closed the transaction. The company issued 7 additional units for gross proceeds of CAD 350,000 in its final tranche. The company received CAD 850,000 in the transaction. Reported Earnings • Dec 01
Second quarter 2023 earnings released: CA$0.007 loss per share (vs CA$0.008 loss in 2Q 2022) Second quarter 2023 results: CA$0.007 loss per share (improved from CA$0.008 loss in 2Q 2022). Revenue: CA$146.5k (up 81% from 2Q 2022). Net loss: CA$520.7k (loss narrowed 6.6% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 26
DIAGNOS Inc. announced that it has received CAD 0.5 million in funding Diagnos Inc. announced a non-brokered private placement of 10 units at a price of CAD 50,000 per unit for gross proceeds of CAD 500,000. Each unit consists of One unsecured convertible debenture and 50,000 stock warrants. Each debenture has a term of 36 months ending November 25, 2025, and bears interest at the annual rate of 10%. At the option of the holder of the debenture, the principal amount of the debenture may be converted, at any time during the term, into common shares of the corporation at a price of 22% per share. Any accrued interest on the principal at time of conversion will be immediately payable in cash. Each warrant entitles the holder to purchase one share at a price of 26 % per share, for a period of 18 months ending May 25, 2024. If, at any time following March 26, 2023, the daily volume weighted average trading price of the shares is, or exceeds, 40 cents for 15 consecutive trading days, the corporation shall have the option to accelerate the expiry of the warrants. If the corporation chooses to exercise the acceleration right, the new expiry date of the warrants will be the 30th day following the notice of such exercise. One insider of the corporation indirectly subscribed for two units for a cash consideration of CAD 100,000. In connection transaction, the company paid a cash commission of CAD 15,000 to one qualified person (finder) and issued 68,181 finder's warrants to the finder. Each finder's warrant entitles the finder to purchase one share at an exercise price of 26 cents per share for a period of 18 months ending May 25, 2024.All securities issued as part of the private placement are subject to a statutory hold period ending March 26, 2023.The private placement remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as full receipt of funds and execution of formal documentation. Price Target Changed • Nov 16
Price target decreased to CA$1.00 Down from CA$1.55, the current price target is provided by 1 analyst. New target price is 400% above last closing price of CA$0.20. Stock is down 41% over the past year. The company is forecast to post a net loss per share of CA$0.01 next year compared to a net loss per share of CA$0.038 last year. Announcement • Sep 03
DIAGNOS Inc. announced that it has received CAD 0.35 million in funding DIAGNOS Inc. announced a non-brokered private placement of 35 units at an issue price of CAD 10,000 per unit for gross proceeds of CAD 350,000 on September 1, 2022. The transaction included participation from one director of the corporation subscribed for 10 units for a cash consideration of CAD 100,000. Each unit consist of one unsecured convertible debenture and 10,000 stock warrants. Each debenture has a term of 36 months ending August 31, 2025 and bears interest at the annual rate of 10%. At the option of the holder of the debenture, the principal amount of the debenture may be converted, at any time during the term, into common shares at a price of CAD 0.22 per share. Any accrued interest on the principal, at time of conversion, will be immediately payable in cash.
Each warrant entitles the holder to purchase one share at a price of CAD 0.26 per share, for a period of 18 months ending February 29, 2024. If, at any time following January 1, 2023 the daily volume weighted average trading price of the shares is or exceeds CAD 0.40 for 15 consecutive trading days, the corporation shall have the option to accelerate the expiry of the warrants. If the corporation chooses to exercise the acceleration right, the new expiry date of the warrants will be the 30th day following the notice of such exercise. All securities issued as part of the transaction are subject to a statutory hold period ending January 1, 2023. The transaction remains subject to receipt of all required approvals, including the approval of the TSX Venture Exchange, as well as full receipt of funds and execution of formal documentation.
The transaction included participation from three investors. Reported Earnings • Aug 26
First quarter 2023 earnings: EPS in line with expectations, revenues disappoint First quarter 2023 results: CA$0.01 loss per share (up from CA$0.011 loss in 1Q 2022). Revenue: CA$149.0k (up 96% from 1Q 2022). Net loss: CA$717.2k (flat on 1Q 2022). Revenue missed analyst estimates by 31%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • Aug 19
DIAGNOS Inc. Receives Regulatory Approval from the Costa Rica Health Agency for Its Artificial Intelligence Enabled Pathology Detection Systems DIAGNOS Inc. announced the receipt of approval from the Costa Rican regulatory agency (Ministerio de Salud) for its Artificial Intelligence enabled Pathology Detection Systems. DIAGNOS’ platform has been approved for having complied with the legal requirements and applicable regulations. Valid for a period of five years, this approval allows the immediate commercial deployment of DIAGNOS’ Pathology Detection Systems in Costa Rica. The registration will be held for DIAGNOS by Costa Rica based Aselcom, a highly respected local partner specialized in the sale of medical technologies to hospitals, medical clinics, and optical stores. Ocular diseases have become the leading cause of blindness worldwide in patients between the ages of 20 and 64. Costa Rica is no different from other countries, with almost 15% of its population over the age of 20 suffering from diabetes, where less than 11% of these cases are diagnosed. Of the patients diagnosed with diabetes, 35% were identified with diabetic retinopathy, a disease known to severely affect vision. Reported Earnings • Jul 14
Full year 2022 earnings: EPS in line with analyst expectations despite revenue beat Full year 2022 results: CA$0.038 loss per share (down from CA$0.033 loss in FY 2021). Revenue: CA$438.8k (up 64% from FY 2021). Net loss: CA$2.61m (loss widened 27% from FY 2021). Revenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 678%, compared to a 52% growth forecast for the industry in Canada. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 17% per year, which means it is significantly lagging earnings. Price Target Changed • Jul 06
Price target decreased to CA$1.00 Down from CA$1.55, the current price target is provided by 1 analyst. New target price is 441% above last closing price of CA$0.18. Stock is down 66% over the past year. The company is forecast to post a net loss per share of CA$0.04 next year compared to a net loss per share of CA$0.033 last year. Announcement • Jun 24
DIAGNOS Inc., Annual General Meeting, Aug 25, 2022 DIAGNOS Inc., Annual General Meeting, Aug 25, 2022. Announcement • Jun 08
DIAGNOS Inc. Announces the Deployment of its Age-Related Macular Degeneration Detection Application Into the Optometry Clinics of IRIS, The Visual Group DIAGNOS Inc. announced the deployment of its Age-Related Macular Degeneration detection application into the optometry clinics of IRIS The Visual Group. It is with great pleasure that DIAGNOS is announcing the deployment of its Age-Related Macular Degeneration (AMD) detection application into the optometry clinics of IRIS The Visual Group (IRIS). With over 1,250 patients having received this new test already, the company can see that the demand is great for this application in clinical optometry and optical retail. This deployment of this application represents an important milestone in the Artificial Intelligence Technology Implementation Program announced in June 2021 by the two groups. AMD is a leading cause of visual deterioration and legal blindness in people over 60 years of age. The loss of central vision and high-resolution visual acuity from untreated AMD can lead to irreversible loss of reading, depression, reduced facial recognition ability, and disqualification from driving. Regular screening for eye diseases is of the utmost importance to enable early detection of eye disease and prevent major alterations in quality of life from occurring. DIAGNOS is currently putting the finishing touches on several Artificial Intelligence Deep Learning algorithms focused on disease detection and aimed to improve clinical operations and patient outcomes. The launch of the AMD detection application is the first in a series of important launches planned soon, that will ensure the success and sustainability of the organization. Price Target Changed • Apr 27
Price target increased to CA$1.55 Up from CA$0.95, the current price target is provided by 1 analyst. New target price is 656% above last closing price of CA$0.20. Stock is down 65% over the past year. The company is forecast to post a net loss per share of CA$0.04 next year compared to a net loss per share of CA$0.033 last year. Announcement • Mar 03
DIAGNOS Inc. announced that it has received CAD 0.59 million in funding DIAGNOS Inc. announced a non-brokered private placement of 59 units at a price of CAD 10,000 per unit for gross proceeds of CAD 590,000 on March 1, 2022. Each unit consists of one unsecured convertible debenture and 2,500 warrants with an exercise price of CAD 0.33 per unit. Each warrant can be exercised to acquire one common share at a price of CAD 0.33 per share for a period of 18 months from the date of closing. Each debenture has a term of 36 months and bears interest at the annual rate of 8%. At the option of the holder of the debenture, the principal amount of the Debenture may be converted at any time during the term into common shares of the company at a price of CAD 0.38 per share. Any accrued interest on the principal, at time of conversion, will be immediately payable in cash. If, at any time following the date that is four months and one day following the closing date, the daily volume weighted average trading price of the shares is or exceeds CAD 0.50 for 15 consecutive trading days, the company shall have the option to accelerate the expiry of the warrants. If the company chooses to exercise the acceleration right, the new expiry date of the warrants will be the 30th day following the notice of such exercise. The transaction is subject to approval from regulatory and TSX Venture Exchange and as well as full receipt of funds and execution of formal documentation. The securities are being subject to four months hold period ending July 2, 2022. In connection with the private placement, the company paid a cash commission of CAD 25,000 to one qualified person and issued 65,789 broker warrants to the finder. Each broker warrant entitles the finder to purchase one share at an exercise price of CAD 0.33 per share for a period of 18 months ending August 1, 2023. The transaction included participation from director, Andre Larente, for 2 Units for a cash consideration of CAD 20,000 and Tristram Coffin, subscribed for 7 units for a cash consideration of CAD 70,000.