The sub penny stock of Imaging Diagnostic Systems, Inc. (IMDS) is having a breakout trading session today as over 180 million shares have traded already. IMDS stock price has risen 63.64% today to 0.0018 without any news announcements or SEC filings. In fact, the last time the pioneer in laser breast imaging issued any news was back in May when they signed a distribution agreement to market and sell their Computed Tomography Laser Mammography (CTLM®) System in Kuwait.
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IMDS Stock Chart
Market Cap: 4.36M
52 Week High
52 Week Low
5 Day Avg Volume: 118,330,471
30 Day Avg Volume: 135,368,105
Ytd Avg Volume: 52,745,979
Shares Outstanding: 2.42B
% Held by Insiders: 8.80%
IMDS Financial Highlights
For the nine months ended March 31, 2012, IMDS reported revenues of $211,720 compared to $36,515 for the same period the year prior. Gross profit was $175,825 and $28,925 respectively and net loss for the nine month periods was $2,100,864 and $3,695,955. So, to the naked eye, its simple to see that better revenues and a lower net loss for the nine months ended comparison clearly shows that the Company has stepped into the right path to chasing profits. (Sec filings here)
About IMDS Stock
Imaging Diagnostic Systems, Inc. is a development stage medical technology company. Since inception in December 1993, we have been engaged in the development and testing of a laser breast imaging system that uses computed tomography and laser techniques designed to detect breast abnormalities. The CT Laser Mammography system (“CTLM®”) is currently being commercialized in certain international markets where regulatory approvals have been obtained. However, it is not yet approved for sale in the U.S. market. The CTLM® system must obtain marketing clearance through the U.S. Food and Drug Administration before commercialization can begin in the U.S. market.
Bottom Line: The penny stock of Imaging Diagnostic Systems, Inc. (IMDS) has been breaking out this week having gained over 175% before the start of today’s trading session. IMDS stock is far from reaching blue sky territory with this breakout but is worth monitoring for swing trades and long positions.
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