$MDGS GET IT NOW!!
TEL AVIV, Israel, May 02, 2022 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS) (“Medigus”), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle (“EV”) and charging solutions, today reported financial results for the fiscal year ended December 31, 2021.
Key Highlights
Generated record revenues of $10.1 million for the full year 2021, representing an increase of $9.6 million, or 1,805%, compared to $0.5 million revenues in 2020
Net income reached a record $4 million in 2021, up from a net loss of $6.9 million in 2020
Cash and cash equivalents as of December 31, 2021 were $24 million, up from $22.4 million at year-end 2020
Shareholders’ equity attributed to Medigus improved 114% to $49 million in 2021, up from $23 million at year-end 2020
During 2022 the company expects to consolidate Gix Internet’s financial results. Gix Internet Revenues for 2021 amounted to approx. $45 million
