Nemaura Medical Releases Q2-2021 Results, Signs Global Commercial Contract


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  • NMRD releases fiscal Q2-2021 results, provides business update
  • Highlights include pending revenue recognition, global commercial contract with MySugarWatch DuoPack Limited, the appointment of Dr. Osama Hamdy to the advisory board
  • The company operates at the intersection of $59 billion Type 2 diabetes market, $50+ billion pre-diabetic markets, $60 billion wearable weight loss and wellness applications sector

Nemaura Medical (NASDAQ:NMRD), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, recently released its fiscal Q2-2021 results and provided a business update (https://ibn.fm/TX286).

Financial highlights from the announcement included $26.8M cash on hand and receipt of an initial $513,000 as deposit payment from its UK licensee as partial payment for an order of 200,000 sensors and…

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NOTE TO INVESTORS: The latest news and updates relating to NMRD are available in the company’s newsroom at https://ibn.fm/NMRD

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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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