Micro-X surges on coronavirus contract wins

Financial Review article by Carrie LaFrenz, 13 February 2020

Shares in ASX minnow Micro-X Ltd surged 29 per cent after the Adelaide-based manufacturer said it secured two orders from south east Asian governments seeking to use its X-ray technology to help diagnose the coronavirus. A trading halt in its shares was lifted Thursday when its shares jumped 4.5¢ to 20¢, pushing Micro-X’s market capitalisation to $50 million, up from $39 million previously.

The company’s first product, the Carestream DRX Revolution Nano, is an ultra-lightweight digital medical X-ray system for the expanding mobile X-ray market in hospitals. Micro-X said production has moved to full capacity to fulfill all these orders within four weeks.

https://www.afr.com/companies/healthcare-and-fitness/micro-x-surges-on-coronavirus-contract-wins-20200213-p540ln