Malin, which has seen its share price tumble as much as 60 per cent since its 2015 flotation, said the amount it received from the sale of its stake, represented a 10 per cent premium on the value of its shareholding as of the end of June.
Mr Moore said he intends to stay with 3D4Medical while also continuing to pursue other business interest. He added it was particularly proud of the fact that after switching to a Software-as-a-Service (Saas) subscription model last year, its subscriber based had risen from 15,000 to 80,000 currently. Mr Moore said the company is now ebitda positive. The company, whose flagship product is called Complete Anatomy, reported $10 million in revenues last year and recorded a $560,000 pretax loss. In this course, students are presented detailed descriptions of the histological structure and cellular specializations of organs and organ systems of the body accompanied by high resolution images of each tissue and. DownloadsģD4Medical has achieved over 25 million downloads across its product suites and has been ranked the leading medical app on the app stores of Apple, Microsoft and Google in 160 countries. All body organs are made up of the four basic tissues: epithelium, connective tissue, muscle and nervous tissue.
“A lot of students don’t learn through reading now and in addition, unlike the printed page which can show just one image, our 3D visualisation presents multiple anatomical images that can be played around with, which from a learning perspective is priceless,” Mr Moore added. We thought it was a natural progression to have this massive distribution channel open to us and for their part they want to be able to use our technology so as to be able to bring flat images to life. “We’re in 300 universities and we are very proud of that because they include the likes of Cambridge and most of the Ivy League colleges but Elsevier are in 10,000 and so we thought that if we want to take things to another level then the synergy is perfect.
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