InteliCare [ASX:ICR] lists and almost doubles on debut.
- Phil Carey
- May 25, 2020
- 2 min read
Finding ways to help people to live in their own home for longer, despite their age, has never been more important.
During the pandemic, keeping the pressure off our hospitals is critical but in the future, the growing costs associated with ageing populations are set to make aged care at home a massive industry.
Perth based InteliCare [ASX:ICR] is a new business entering that market and it listed this morning. It immediately jumped from its issue price of $0.20 to $0.39. The company's five million dollar Initial Public Offering was oversubscribed.
CEO Jason Waller describes InteliCare as a Software as a Service business, AI and data play.
The way it works is you install a base station, much like a modem, and then apply stick on sensors [no cameras] around a home or apartment.
'These passive sensors then establish what is normal day to day of behaviour and if the algorithm picks up a deviation it sends and alert to a designated carer' according to Jason Waller.
The cost of initial installation is between $1,00 to $1,500. The monthly fee that follows is $60. That may sound significant to some but compared to an aged care facility, it is a much cheaper option.
I have posted the entire interview below along with the option to cherry pick the subjects that might be of interest to you, By hovering your mouse over a chapter marker, you can select any one of the subjects below.
The chapter subjects are also listed below.
Start BASIC OVERVIEW OF THE BUSINESS.
2.24 HOW DO THE SENSORS FUNCTION?
3.24 IS THE SCALING OF THE BUSINESS HELD BACK DUE TO PHYSICAL INSTALLATION PROCESS?
5.17 WHAT IS THE MARKETING STRATEGY OF INTELICARE?
6.52 HOW QUICKLY CAN YOU SCALE AND DIFFERENCE BETWEEN YOU AND COMPETITOR HOMESTAY CARE ASX:HSC?
9.40 WHAT ARE COMPANY'S FINANCIALS?
10.43 WHAT HAS GROWTH BEEN SO FAR?
11.35 POSSIBILITY OF A PAINCHEK STYLE FUNDING/ROLLOUT DEAL?
DISCLAIMER AND IMPORTANT INFORMATION
I do not own shares in this company at the time of writing this post. I also do not accept any payment from this or any other company I cover. Nor is my interview or blog in any way a recommendation and should not be seen as a form of financial advice. Disruptive technology stocks should be considered very speculative, high-risk, and extremely volatile. There are significant risks inherent in developing new technologies that are not discussed here. You should always seek professional advice before considering any share purchase or sale. Please read our full disclaimer.
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