The spike in demand for the mobile x-ray machines come at a critical time for Micro-X following disappointing sales figures in the December quarter
Additional x-ray imaging capabilities are being deployed in many countries to meet these needs for the growing numbers of confirmed Coronavirus cases.
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Micro-X shares were as high as 36 cents in September but steadily fell on the back of soft results to be only worth 13 cents in early February. Following the company's initial coronavirus sales announcement on February 13, the share price hit 20 cents on February 17 and was 19 cents at noon today.
Micro-X relocated from Victoria to South Australia in 2015 to establish a manufacturing hub at the Tonsley Innovation Precinct, a former Mitsubishi car assembly site in Adelaide’s southern suburbs.
It also listed on the ASX in December 2015 and launched the DRX Revolution Nano in 2017. The units are manufactured using carbon nanotubes, making the Nano several times lighter and more compact than traditional x-ray machines.
Micro-X is also developing a Rover mobile x-ray unit for military hospitals, a mobile backscatter imager for the remote detection of improvised explosive devices and a mobile baggage scanner for airports.
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