Microcap medtech Dorsavi secures landmark $9 million contract

The medtech sector has been a strong performer in the last 12-18 months, but one medtech company, Dorsavi, was left behind by the pack. It has just started trending up though after recently announcing a landmark, three-year sales agreement worth at least $9M. This is in the UK with a network of physiotherapy clinics called YourPhysioPlan (YPP). Currently over 100 clinics have signed up with YPP and the group is planning to expand to more than 300 clinics over 12 months. To maintain exclusivity for use in the private clinical market, YPP is required to license or purchase 100, 300 and 600 of its 'ViMove' units in each of the three years, which should generate at least $9M in revenue. While DVL has recently had significant success in securing contracts for the OH&S market, this is the first major commercial contract in the medical market. We have increased our forecast of revenue from the medical market. We maintain our BUY recommendation for DVL and have increased our price target by 5 cents to A$0.80. Full research here: (VIEW LINK)


Canaccord Genuity Group is a leading independent, full-service financial services firm. Canaccord Genuity has been driven by an unwavering commitment to building lasting client relationships. We achieve this by generating value for our individual,...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.