Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Wearable Health Solutions, Inc. (WHSI) specializes in personal emergency response systems and related devices, primarily catering to individuals in the United States facing medical challenges or age-related needs. The company manufactures medical alert devices designed to summon assistance quickly during emergencies. Among its offerings is the MediPendant, an emergency alarm distinguished by its in-pendant speaker, allowing users to verbally communicate and receive responses directly through the device during an urgent situation. Another key product is iHelp, a mobile medical alert system. This device leverages T-Mobile's 2G network for remote location tracking of a user, incorporates voice prompts, and includes a dedicated dealer portal for efficient customer base management. Furthermore, the company is actively developing iHelp+3G, a cutting-edge wearable biosensor device designed for health and wellness monitoring, which will operate on a 3G network. These solutions are primarily designed to support the elderly, individuals with physical disabilities, and those residing alone. WHSI markets its offerings through its dedicated websites (medipendant.com and ihelpalarm.com) and via wholesalers. Its international reach extends to Denmark, Ireland, Bermuda, and the People's Republic of China. Originally established as Medical Alarm Concepts Holdings, Inc. in 2008, the company officially rebranded to Wearable Health Solutions, Inc. in June 2016. Its operations are headquartered in Las Vegas, Nevada.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers.