on UniDoc Health Corp. (isin : CA90468F1027)
UniDoc Health Updates Marketing Strategy and Financial Performance
UniDoc Health Corp. has renewed its partnership with Rumble Strip Media Inc. for investor relations marketing, with the engagement aligning with the company's financial capabilities and operational scale. Since April 2024, UniDoc has invested around $3.84 million in Rumble's services, focusing on digital marketing to enhance investor awareness and converting over 90% of outstanding warrants into approximately $8.8 million in capital.
Despite commencing commercial sales, UniDoc remains cashflow negative, relying on equity issuance and warrant exercises for operational funding. Total capital raised to date amounts to over $13 million, ensuring liquidity through investor awareness efforts.
UniDoc is moving from development to sales and expects to report its first revenue in Q4. With purchase orders for 16 H3 Health Cube booths, only two units are expected to yield revenue. Marketing expenses are expected to decrease as operational costs rise.
R. H.
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