25 Apr 2018

Back on track in Q1

MDxHealth S.A. (0O8G:LON) | 0 0 0.3% | Mkt Cap: 168.5m

- Chris Redhead
- 6 pages

Strong growth in both test volumes and revenues reported in Q1 indicates that MDxHealth is back on track after the disappointments of 2017. Following a successful $44m fundraising, topline growth at current levels promises to exceed our previous estimates. The company remains attractive at current levels. We reiterate our OUTPERFORM recommendation and €9 / share target price.

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Back on track in Q1

MDxHealth S.A. (0O8G:LON) | 0 0 0.3% | Mkt Cap: 168.5m

Published: 25 Apr 2018
Author: Chris Redhead
Pages: 6

Strong growth in both test volumes and revenues reported in Q1 indicates that MDxHealth is back on track after the disappointments of 2017. Following a successful $44m fundraising, topline growth at current levels promises to exceed our previous estimates. The company remains attractive at current levels. We reiterate our OUTPERFORM recommendation and €9 / share target price.