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Amesite Inc. (NASDAQ:AMST), a prepackaged software services company with a market capitalization of $11.5 million, has introduced a new mobile healthcare application named NurseMagic. The announcement was made through a corporate video launched on Monday, February 18, 2025, and is part of the company’s efforts to enhance its product offerings in the healthcare sector. According to InvestingPro analysis, analysts anticipate significant sales growth for Amesite in the current year, with revenue forecasted to grow by over 200%. The video is also part of a broader initiative that includes the launch of Amesite’s redesigned website.
The new application, NurseMagic, is aimed at the healthcare industry and is expected to complement Amesite’s existing suite of software solutions. Details about the app’s features and capabilities were shared in the corporate video, which is now accessible on the company’s website. InvestingPro data shows the company maintains a healthy current ratio of 1.63, indicating sufficient liquidity to fund its development initiatives. Subscribers can access 14 additional ProTips and comprehensive financial metrics to better evaluate Amesite’s growth potential.
Amesite, which operates under the SIC code for Services-Prepackaged Software (ETR:SOWGn) (7372), is headquartered in Detroit, Michigan, and is incorporated in the state of Delaware. While the company’s stock has shown strong performance with a 16.7% return over the past year, InvestingPro analysis indicates the stock is currently trading below its Fair Value. The company’s fiscal year ends on June 30, and it has been listed on The Nasdaq Stock Market LLC under the trading symbol AMST.
The information disclosed in the corporate video and Amesite’s website is considered a non-material event and, as such, is not filed for purposes of Section 18 of the Securities Exchange Act of 1934. It also should not be incorporated by reference into any future filings under the Securities Act of 1933 or the Exchange Act.
This news article is based on the company’s recent SEC filing and does not include any subjective assessment or speculative information about Amesite’s new NurseMagic app or its potential impact on the healthcare software market. The company’s CEO, Ann Marie Sastry, Ph.D., authorized the release of the 8-K report on February 19, 2025.
In other recent news, Amesite Inc. announced the pricing of its public offering of 1,201,667 common shares at $3.00 per share, aiming to raise approximately $3.6 million. This offering is intended to support general corporate activities, including capital expenditures and working capital. The company has appointed Laidlaw & Company (UK) Ltd. and Craft Capital Management LLC as joint book-running managers for the transaction. In a separate development, Amesite reported the immediate resignations of two board members, Anthony Barkett and Richard Ogawa, due to personal reasons, with no disagreements cited regarding company operations. Additionally, Amesite appointed Sarah Berman as the new Principal Financial (NASDAQ:PFG) and Accounting Officer, replacing Sherlyn W. Farrell. The company also highlighted the growth of its AI-powered NurseMagic™ app, which has gained significant traction in both B2B and B2C markets. This includes a notable increase in social media engagement and enterprise contract achievements. These developments reflect Amesite’s ongoing efforts to enhance its financial position and market presence.
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