The iZafe group of today consists of two business segments: Security and Healthcare. The idea for the Healthcare segment was originally coined in 2008 as a means to ensure safe and proper dispensing of medicine to patients, which resulted in the digital medicine dispenser Dosell. The Security segment offer personal alarms under a subscription-based model for employees working in environments where they might be exposed to unforeseen threats.
We believe that the stable recurring revenues from the Security segment, in combination with Dosell's potential market penetration, could set iZafe up for rapid growth over the coming years. Due to the scalability of the business model, this would contribute to strong profitability.
We see several current risks with iZafe Group. There is a financial risk, as the company is currently not profitable, and might have to rely on further external financing before it generates positive cash flows. Furthermore, the potential of Dosell is unknown and there are several competing digital medicine dispensers on the market.