Micro-X Ltd
ASX:MX1
Micro-X Ltd
Micro-X Ltd. manufactures, designs, and develops ultra-lightweight carbon nanotube based X-ray products for the global healthcare and explosive device markets. The company is headquartered in Adelaide, South Australia. The company went IPO on 2015-12-22. The firm provides medical and security imaging products using cold cathode X-ray sources. The Company’s X-ray products include mobile digital X-ray machines, intermittent explosive disorder (IED) X-ray camera, miniature baggage scanner and computed tomography (CT) brain scanner. The Electronic X-Ray Tube is the foundation of its product development and innovation. The Company’s lead patented carbon nanotube technology ensures its products are lighter, smaller and more portable than traditional X-ray devices. The technology also develops X-ray imaging across the medical, defense, security screening and veterinary industries.
Micro-X Ltd. manufactures, designs, and develops ultra-lightweight carbon nanotube based X-ray products for the global healthcare and explosive device markets. The company is headquartered in Adelaide, South Australia. The company went IPO on 2015-12-22. The firm provides medical and security imaging products using cold cathode X-ray sources. The Company’s X-ray products include mobile digital X-ray machines, intermittent explosive disorder (IED) X-ray camera, miniature baggage scanner and computed tomography (CT) brain scanner. The Electronic X-Ray Tube is the foundation of its product development and innovation. The Company’s lead patented carbon nanotube technology ensures its products are lighter, smaller and more portable than traditional X-ray devices. The technology also develops X-ray imaging across the medical, defense, security screening and veterinary industries.
Record Rover Plus Sale: Micro-X secured its largest ever Rover Plus order for $3.3 million, supplying the Malaysian Ministry of Health after winning a competitive government tender.
Head CT Progress: The Head CT for stroke diagnosis project reached final prototype stage; hospital trials are expected to start soon, pending administrative approvals.
Major Grants Secured: Micro-X received a $4.4 million grant from the Australian government to develop and trial the world’s first in-ambulance head CT scanner.
Security Contract Extension: The U.S. Department of Homeland Security extended its contract with Micro-X by $2.5 million, raising the total contract value to $31.7 million.
Strong Cash Inflows: The company saw cash inflows from product sales and project work, boosting its cash balance to $2 million at quarter end, with additional inflows received in October.
Robust Pipeline: Management reported strong momentum in both medical imaging and security segments, with growing interest from global partners and major healthcare networks.
