{"id":742786,"date":"2023-03-27T08:37:41","date_gmt":"2023-03-27T12:37:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/"},"modified":"2023-03-27T08:37:41","modified_gmt":"2023-03-27T12:37:41","slug":"medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/","title":{"rendered":"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong>Viewbix is a subsidiary of Gix Internet whose results are consolidated with Medigus\u2019 financial statements<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Tel Aviv, Israel, March  27, 2023  (GLOBE NEWSWIRE) &#8212; \u00a0<\/strong>Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that Viewbix Inc. (henceforth \u201cViewbix\u201d) (OTC: VBIX), 76% owned by Medigus\u2019 subsidiary Gix Internet, (henceforth \u201cGix\u201d) (42.25% owned by Medigus) (TASE: GIX), a global marketing technology (MarTech) solutions company for online performance-based-marketing, reported its financial results for the fourth quarter and the fiscal year ended December 31, 2022.<\/p>\n<p align=\"justify\">Key highlights for the fourth quarter and the fiscal year ended December 31, 2022, include:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">\n          <strong>Revenues<\/strong> for the fiscal year ended December 31, 2022, reached a record high of $96,603 thousand an increase of 114% compared to the fiscal year ended December 31, 2021. In the fourth quarter of 2022, revenues amounted to a record of $30,488 thousand, an increase of 43% compared to the fourth quarter of 2021.<\/li>\n<li style=\"text-align:justify\">\n          <strong>EBITDA<\/strong> (Earnings Before Interest, Taxes, Depreciations, Amortizations) for the fiscal year ended December 31, 2022, amounted to $5,535 thousand, an increase of 123% compared to the corresponding period in 2021. For the three-month period ended December 31, 2022, EBITDA amounted to $2,077 thousand, an increase of 68% compared to the corresponding period in 2021.<\/li>\n<li style=\"text-align:justify\">\n          <strong>Operating income<\/strong>. Viewbix reached an operating income of $2,726 thousand in the fiscal year ended December 31, 2022 compared to an operating income of $541 thousand in 2021. In the fourth quarter of 2022 the operating income amounted to $1,319 thousand an increase of 125% compared to an operating income of $585 thousand in the fourth quarter of 2021.<\/li>\n<li style=\"text-align:justify\">\n          <strong>Net profit<\/strong> for the fiscal year ended December 31, 2022 rose to $1,117 thousand compared to $591 thousand in 2021. In the fourth quarter of 2022 the net profit amounted to $1,147 thousand an increase of 128% as compared to an net profit of $503 thousand in the fourth quarter of 2021.<\/li>\n<li style=\"text-align:justify\">\n          <strong>Net cash from operating activities<\/strong> for the full year ended December 31, 2022 amounted to $3,237 thousand, compared to $4,366 thousand in the corresponding period in 2021.<\/li>\n<\/ul>\n<p>\n        <strong><br \/>\n          <u>About <\/u><br \/>\n        <\/strong><br \/>\n        <strong><br \/>\n          <u>Medigus<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is a technology company focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce and electric vehicle markets. Medigus&#8217; affiliations in the medical solutions arena include ownership in Polyrizon Ltd. and ownership in industry 4.0 company, ScoutCam Inc. The Company\u2019s affiliates in digital commerce include Gix Internet Ltd., Jeffs&#8217; Brands Ltd. and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics Ltd. and Revoltz Ltd. are also part of the Company\u2019s portfolio of technology solution providers. To learn more about Medigus\u2019 advanced technologies, please visit\u00a0<u>http:\/\/www.medigus.com\/<\/u>.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <u>Cautionary Note Regarding Forward Looking Statements<\/u><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">This press release may contain statements that are \u201cForward-Looking Statements,\u201d which are based upon the current estimates, assumptions and expectations of Medigus\u2019 management and its knowledge of the relevant market. The company has tried, where possible, to identify such information and statements by using words such as \u201canticipate,\u201d \u201cbelieve,\u201d \u201cenvision,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cpredict,\u201d \u201cproject,\u201d \u201ctarget,\u201d \u201cpotential,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201ccould,\u201d \u201cshould,\u201d \u201ccontinue,\u201d \u201ccontemplate\u201d and other similar expressions and derivations thereof in connection with any discussion of future events, trends or prospects or future operating or financial performance, although not all forward-looking statements contain these identifying words. These forward-looking statements represent Medigus\u2019 expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. By their nature, Forward-Looking Statements involve known and unknown risks, uncertainties and other factors which may cause future results of Medigus\u2019 activity to differ significantly from the content and implications of such statements. Other risk factors affecting Medigus are discussed in detail in Medigus\u2019 filings with the Securities and Exchange Commission. Forward-Looking Statements are pertinent only as of the date on which they are made, and Medigus undertakes no obligation to update or revise any Forward-Looking Statements, whether as a result of new information, future developments or otherwise. Neither Medigus nor its shareholders, officers and employees, shall be liable for any action and the results of any action taken by any person based on the information contained herein, including without limitation the purchase or sale of Medigus\u2019 securities.<\/p>\n<p>\n        <strong>Company Contact:<\/strong><br \/>\n        <br \/>Tali Dinar<br \/>Chief Financial Officer<br \/>+972-8-6466-880<br \/>ir@medigus.com<\/p>\n<p>\n        <strong>Investor Relations Contact<\/strong>:<br \/>Dave Gentry<br \/>RedChip Companies Inc.<br \/>1-800-RED-CHIP (733-2447)<br \/>Or 407-491-4498<br \/>Dave@redchip.com<\/p>\n<p align=\"justify\">\n        \n      <\/p>\n<p>\n        \n      <\/p>\n<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5NTk5OSM1NDkzMzUzIzUwMDA2NDMzMQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MTA5NmUwOTItZjRiMy00ZGFiLWJiNzEtMDUzMDY2MTAzOTdkLTUwMDA2NDMzMQ==\/tiny\/Medigus-Ltd.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Viewbix is a subsidiary of Gix Internet whose results are consolidated with Medigus\u2019 financial statements Tel Aviv, Israel, March 27, 2023 (GLOBE NEWSWIRE) &#8212; \u00a0Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that Viewbix Inc. (henceforth \u201cViewbix\u201d) (OTC: VBIX), 76% owned by Medigus\u2019 subsidiary Gix Internet, (henceforth \u201cGix\u201d) (42.25% owned by Medigus) (TASE: GIX), a global marketing technology (MarTech) solutions company for online performance-based-marketing, reported its financial results for the fourth quarter and the fiscal year ended December 31, 2022. Key highlights for the fourth quarter and the fiscal year ended December 31, 2022, include: Revenues for the fiscal year ended December 31, 2022, reached &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-742786","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Viewbix is a subsidiary of Gix Internet whose results are consolidated with Medigus\u2019 financial statements Tel Aviv, Israel, March 27, 2023 (GLOBE NEWSWIRE) &#8212; \u00a0Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that Viewbix Inc. (henceforth \u201cViewbix\u201d) (OTC: VBIX), 76% owned by Medigus\u2019 subsidiary Gix Internet, (henceforth \u201cGix\u201d) (42.25% owned by Medigus) (TASE: GIX), a global marketing technology (MarTech) solutions company for online performance-based-marketing, reported its financial results for the fourth quarter and the fiscal year ended December 31, 2022. Key highlights for the fourth quarter and the fiscal year ended December 31, 2022, include: Revenues for the fiscal year ended December 31, 2022, reached &hellip; Continue reading &quot;Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-27T12:37:41+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5NTk5OSM1NDkzMzUzIzUwMDA2NDMzMQ==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million\",\"datePublished\":\"2023-03-27T12:37:41+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\\\/\"},\"wordCount\":706,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODc5NTk5OSM1NDkzMzUzIzUwMDA2NDMzMQ==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\\\/\",\"name\":\"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/","og_locale":"en_US","og_type":"article","og_title":"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million - Market Newsdesk","og_description":"Viewbix is a subsidiary of Gix Internet whose results are consolidated with Medigus\u2019 financial statements Tel Aviv, Israel, March 27, 2023 (GLOBE NEWSWIRE) &#8212; \u00a0Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that Viewbix Inc. (henceforth \u201cViewbix\u201d) (OTC: VBIX), 76% owned by Medigus\u2019 subsidiary Gix Internet, (henceforth \u201cGix\u201d) (42.25% owned by Medigus) (TASE: GIX), a global marketing technology (MarTech) solutions company for online performance-based-marketing, reported its financial results for the fourth quarter and the fiscal year ended December 31, 2022. Key highlights for the fourth quarter and the fiscal year ended December 31, 2022, include: Revenues for the fiscal year ended December 31, 2022, reached &hellip; Continue reading \"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/","og_site_name":"Market Newsdesk","article_published_time":"2023-03-27T12:37:41+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5NTk5OSM1NDkzMzUzIzUwMDA2NDMzMQ==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million","datePublished":"2023-03-27T12:37:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/"},"wordCount":706,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc5NTk5OSM1NDkzMzUzIzUwMDA2NDMzMQ==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-viewbix-reports-its-financial-results-for-2022-with-a-114-growth-in-revenues-totaling-97-million\/","name":"Medigus: Viewbix Reports its Financial Results for 2022 with a 114% Growth in Revenues Totaling $97 Million - 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