Medigus Ltd. (MDGS)

[Mr. Zen]

Medigus Ltd. Announces Record High Financial Results

Revenues for the first half of 2021 increased by ~3,178% with first ever net profit of approximately $8 million

OMER, Israel, September 20, 2021 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions,
innovative internet technologies and electric vehicle and charging solutions, announced today its financial results for the first six months ended June 30, 2021.

? Revenues for the six-month period ended June 30, 2021, reached a record high, and totaled $2,393,000, an increase of $2,320,000 compared to $73,000 in
the six-month period ended June 30, 2020

? Net income for the period reached a record of $7,927,000 compared to a net loss of $3,599,000 in the six-month period ended June 30, 2020

? Shareholders’ equity totaled $53,904,000 as of June 30, 2021

? Cash and cash equivalents totaled $29,642,000 as of June 30, 2021