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olivLaw · US equity research

DataMeds AI, Inc. MEDS

Wholesale-Drugs, Proprietaries & Druggists' Sundries · SIC 5122 · Vertical: Wholesale-Drugs, Proprietaries & Druggists' Sundries (SIC 5122)

1.49USD−17.22% · 1 dayClose 04 Nov 2026

DataMeds AI, Inc. is a healthcare company that links a wholesale drug distributor, a pharmacy and a technology hub platform into what it calls a 'micro health ecosystem'. The company was renamed from Wellgistics Health in July 2026 and is operating under financial strain, with modest revenue and large operating losses in the second quarter of 2026.

At the close of 04 Nov 2026, DataMeds AI, Inc. (MEDS) stock was 1.49 USD (−17.22% on the day), with market capitalisation 4.6 m USD, beta 0.92, 52-week range 0.85–34.50 USD. Latest reported quarter (Q2 2026): revenue of 1.8 m USD (−77.2% YoY), net income of -18.4 m USD, diluted EPS -7.13 USD.

Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.

Market cap
4.6 m USD
shares as of 17 Aug 2026
P/E (TTM)
unavailable
Diluted EPS TTM -7.95 · TTM to 30 Jun 2026
E/P (TTM)
-533.51%
TTM to 30 Jun 2026
Dividend yield
unavailable
Beta (2y)
0.92
Volatility (1y) 214%
52-week range
0.8534.50

Price history

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Technical reading

RSI (14)
33.5
weak (30–45)
Bollinger (20, 2)
1.45 – 3.45
in the lower half of the band · %B 0.02 · band width 81.6%
SMA 50 / 200
2.49 / 5.59
downtrend (price < SMA50 < SMA200)
MACD (12, 26, 9)
-0.31 / -0.20
MACD below signal

Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).

Performance

CompanyS&P 500vs S&P 500Vertical median
1 month−55.5%−1.1%−54.4 pp—
3 months−46.8%−0.5%−46.3 pp—
6 months−68.0%+4.4%−72.3 pp—
Year to date−92.6%+12.3%−104.9 pp—
1 year−95.3%+13.5%−108.9 pp+8.1%
3 yearsunavailable+76.4%unavailable+18.9%
5 yearsunavailable+63.7%unavailable—
Max drawdown (1y)
−97.5%
06 Nov 2025 → 09 Sept 2026
Max drawdown (5y)
−99.7%
21 Mar 2025 → 09 Sept 2026
Compound annual growth (5y)
unavailable
S&P 500 +10.4%

Price returns, dividends excluded.

Quarterly results

Latest quarter: Q2 2026 · 30 Jun 2026

Revenue
1.8 m USD
−77.2% YoY
Net income
-18.4 m USD
unavailable YoY
Diluted EPS
-7.13
unavailable YoY
net / operating
-1,031.7% / -412.7%

Quarterly margins

Quarterly statements · USD

Fiscal yearQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
Revenue5.7 m12.4 m10.9 m7.8 m3.0 m1.7 m1.6 m1.8 m
Cost of revenue5.2 m11.2 m10.2 m7.3 m2.8 m9.5 m1.4 m1.6 m
Gross profit521.2 k1.2 m692.6 k505.8 k231.0 k-7.9 m170.2 k182.2 k
Operating income-1.7 m-3.7 m-31.3 m-5.5 m-31.5 m-25.4 m-6.0 m-7.3 m
Depreciation & amortisation467.4 k647.2 k802.9 k802.8 k802.8 k802.6 k356.8 k356.6 k
Interest expense137.6 k689.2 k1.1 m1.2 m1.4 m875.7 k2.1 m1.6 m
Pre-tax income-1.9 m-4.3 m-32.4 m-6.7 m-34.3 m-27.9 m-7.7 m-18.4 m
Net income-1.9 m-4.3 m-32.4 m-6.7 m-34.3 m-27.9 m-7.7 m-18.4 m
Diluted EPS-0.04-0.09 ≈-0.62-5.40-0.46-0.29 ≈-0.07-7.13
Operating cash flow1.0 m ≈-2.6 m-1.3 m-2.1 m ≈-1.1 m ≈-6.3 m-3.4 m-2.9 m ≈

≈ derived quarter (cumulative difference / share-days average)

E/P over time

E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.

Fiscal years

Fiscal year202320242025
Revenueunavailable18.1 m23.3 m
Revenue YoYunavailableunavailable+28.7%
Net income-2.9 m-6.9 m-101.3 m
Net income YoYunavailableunavailableunavailable
Diluted EPS-0.06-0.15-1.43
Diluted EPS YoYunavailableunavailableunavailable
net %unavailable-37.8%-433.9%
Free cash flowunavailableunavailableunavailable

Reported results vs expectations

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Balance sheet & financial health

Fiscal year 2025 · 31 Dec 2025

Cash
42.6 k USD
Financial debt
23.5 m USD
Net debt
23.4 m USD
Equity
-12.4 m USD
Total assets
30.5 m USD
Debt / equity
unavailable
Current ratio
0.09x
ROE
unavailable
ROA
-230.7%
FCF margin
unavailable

Financial statements (source on every figure)

Revenue and net income (USD)

Margins

Income statement · USD

Revenue
2023
—
2024
18.1 m
2025
23.3 m

SEC (XBRL)· 20 Mar 2026verified

Cost of revenue
2023
—
2024
16.4 m
2025
29.8 m

SEC (XBRL)· 20 Mar 2026verified

Gross profit
2023
—
2024
1.8 m
2025
-6.4 m

SEC (XBRL)· 20 Mar 2026verified

Operating income
2023
-2.9 m
2024
-6.1 m
2025
-93.7 m

SEC (XBRL)· 20 Mar 2026verified

Depreciation & amortisation
2023
—
2024
1.1 m
2025
3.2 m

SEC (XBRL)· 20 Mar 2026verified

EBITDA
2023
—
2024
-5.0 m ≈
2025
-90.5 m ≈

SEC (XBRL)· 20 Mar 2026derived

Interest expense
2023
15.1 k
2024
831.5 k
2025
4.6 m

SEC (XBRL)· 20 Mar 2026verified

Pre-tax income
2023
-2.9 m
2024
-6.9 m
2025
-101.3 m

SEC (XBRL)· 20 Mar 2026verified

Net income
2023
-2.9 m
2024
-6.9 m
2025
-101.3 m

SEC (XBRL)· 20 Mar 2026verified

Diluted EPS
2023
-0.06
2024
-0.15
2025
-1.43

SEC (XBRL)· 20 Mar 2026verified

Weighted average diluted shares
2023
44.7 m
2024
47.3 m
2025
71.0 m

SEC (XBRL)· 20 Mar 2026verified

Balance sheet · USD

Cash
2023
1.4 k
2024
1.0 m
2025
42.6 k

SEC (XBRL)· 20 Mar 2026verified

Receivables
2023
—
2024
—
2025
1.1 m

SEC (XBRL)· 19 May 2026verified

Inventories
2023
—
2024
9.5 m
2025
1.6 m

SEC (XBRL)· 20 Mar 2026verified

Current assets
2023
338.4 k
2024
15.2 m
2025
2.8 m

SEC (XBRL)· 20 Mar 2026verified

Property, plant & equipment, net
2023
—
2024
388.2 k
2025
229.4 k

SEC (XBRL)· 20 Mar 2026verified

Goodwill
2023
—
2024
16.2 m
2025
14.2 m

SEC (XBRL)· 20 Mar 2026verified

Intangibles (excl. goodwill)
2023
—
2024
1.6 m
2025
2.5 m

SEC (XBRL)· 20 Mar 2026verified

Total assets
2023
338.4 k
2024
57.3 m
2025
30.5 m

SEC (XBRL)· 20 Mar 2026verified

Short-term debt
2023
350.0 k
2024
11.9 m
2025
10.9 m

SEC (XBRL)· 20 Mar 2026verified

Long-term debt
2023
—
2024
11.5 m
2025
12.6 m

SEC (XBRL)· 20 Mar 2026verified

Current liabilities
2023
2.9 m
2024
38.0 m
2025
29.8 m

SEC (XBRL)· 20 Mar 2026verified

Total liabilities
2023
3.2 m
2024
50.6 m
2025
42.9 m

SEC (XBRL)· 20 Mar 2026verified

Equity
2023
-2.9 m †
2024
6.7 m †
2025
-12.4 m †

SEC (XBRL)· 20 Mar 2026verified

Cash flow · USD

Operating cash flow
2023
-349.1 k
2024
-1.2 m
2025
-10.9 m

SEC (XBRL)· 20 Mar 2026verified

Investing cash flow
2023
—
2024
469.1 k
2025
-881.5 k

SEC (XBRL)· 20 Mar 2026verified

Financing cash flow
2023
350.5 k
2024
1.8 m
2025
10.8 m

SEC (XBRL)· 20 Mar 2026verified

Computed indicators

Growth

Revenue growth (YoY)
28.7%
computed by olivLawFY 2025
Revenue CAGR 3Y
unavailable
input data missing
Revenue CAGR 5Y
unavailable
input data missing
EBIT growth (YoY)
unavailable
the base of the ratio is not positive
Net income growth (YoY)
unavailable
the base of the ratio is not positive
Net income CAGR 3Y
unavailable
input data missing
Net income CAGR 5Y
unavailable
input data missing
EPS growth (YoY)
unavailable
the base of the ratio is not positive
EPS CAGR 3Y
unavailable
input data missing
EPS CAGR 5Y
unavailable
input data missing
FCF growth (YoY)
unavailable
input data missing

Profitability

Gross margin
-90.6%
computed by olivLawTTM to 30 Jun 2026
EBITDA margin
-846.8%
computed by olivLawTTM to 30 Jun 2026
EBIT margin
-875.7%
computed by olivLawTTM to 30 Jun 2026
Net margin
-1,100.3%
computed by olivLawTTM to 30 Jun 2026
FCF margin
unavailable
input data missing

Returns

ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
ROA
-203.0%
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
ROIC
unavailable
equity is negative: buybacks shrink the invested capital and ROIC would come out large without meaning anything
ROCE
unavailable
insufficient data
Payout ratio (EPS)
unavailable
input data missing
Payout ratio (FCF)
unavailable
input data missing

Balance sheet

Net debt
29.3 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Net debt / EBITDA
unavailable
insufficient data
Debt / equity
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Interest coverage
-11.8x
computed by olivLawTTM to 30 Jun 2026

Liquidity

Current ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026
Quick ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026
Cash ratio
0.1x
computed by olivLawbalance sheet at 30 Jun 2026

Cash

Operating cash flow
-13.7 m USD
computed by olivLawTTM to 30 Jun 2026
Capital expenditure
unavailable
input data missing
Free cash flow
unavailable
input data missing
FCF conversion
unavailable
input data missing
Cash conversion
unavailable
insufficient data

Efficiency

Days sales outstanding
53 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days inventory outstanding
126 days
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
Days payables outstanding
unavailable
input data missing
Cash conversion cycle
unavailable
input data missing

Market and valuation

Market capitalisation
4.6 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Enterprise value
33.9 m USD
computed by olivLawbalance sheet at 30 Jun 2026
Market cap / net income TTM
unavailable
insufficient data
P/E (TTM)
unavailable
insufficient data
Earnings yield
-533.5%
computed by olivLawTTM to 30 Jun 2026
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
P/S
0.6x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
EV/EBITDA
unavailable
insufficient data
EV/EBIT
unavailable
insufficient data
EV/Sales
4.2x
computed by olivLawTTM to 30 Jun 2026 · balance sheet at 30 Jun 2026
P/FCF
unavailable
input data missing
FCF yield
unavailable
input data missing
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero
Shareholder yield (distributions)
unavailable
input data missing

1 indicators that do not apply to the sector.

Valuation

olivLaw classification

Insufficient data
What is missing
  • indicators available: 3 of at least 6
  • score weight coverage: 16.7% of at least 60%
  • valuation methods computed: 0 of at least 1

A scoring methodology on indicators and valuation, not investment advice.

Closing price

1.49 USD

04 Nov 2026Source: olivLaw, closing series

Market cap: 4.6 m USD

Key indicators

Market capitalisation
4.6 m USD
computed by olivLawbalance sheet at 30 Jun 2026
P/E (TTM)
unavailable
insufficient data
P/B
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
EV/EBITDA
unavailable
insufficient data
ROE
unavailable
equity is negative: the ratio is not economically meaningful (not by itself insolvency; usually the result of buybacks)
Net margin
-1,100.3%
computed by olivLawTTM to 30 Jun 2026
Revenue growth (YoY)
28.7%
computed by olivLawFY 2025
Dividend yield
unavailable
no dividend in the structured statements; a missing line is not a confirmed zero

Coverage and freshness

27/37 reporting lines present
Latest full fiscal year: 2025
Latest reported period: 30 Jun 2026
Latest balance sheet date: 30 Jun 2026
Share count (cover of the latest filing), as of: 17 Aug 2026
Source: SEC (XBRL)published 17 Aug 2026
verified 318derived 22

Score by group

17% · Insufficient data

Estimated value range

unavailable — no valuation method could be computed

Valuation assumptions are editorial choices, not measured; beta is not measured.

Valuation methods

  • DCF (discounted cash flow)unavailable · input data missing
  • Peers: EV/EBITDAunavailable · the base of the ratio is not positive
  • Peers: P/Eunavailable · the base of the ratio is not positive
  • Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption

no valuation method could be computed

Multiple comparisons use the SIC vertical: Wholesale-Drugs, Proprietaries & Druggists' Sundries (SIC 5122)

Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.

Assumptions (illustrative, editorial)

Risk-free rate
4.3%
Equity risk premium
5.0%
Beta (default)
1.00
Cost of equity
9.3%
Terminal growth
2.5%

Factor scorecard

Insufficient data

Minimum-evidence gate: indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1

FactorValueScoreWeight used
ROIC · Qualityunavailableunavailable—
Net margin · Quality-1,100.3%0 (vs peers)38%
FCF conversion · Qualityunavailableunavailable—
Revenue CAGR 3Y · Growthunavailableunavailable—
EPS CAGR 3Y · Growthunavailableunavailable—
Net debt / EBITDA · Balance sheetunavailableunavailable—
Interest coverage · Balance sheet-11.8x0 (on a fixed band)38%
Current ratio · Balance sheet0.1x0 (on a fixed band)25%
P/E (TTM) · Valuationunavailableunavailable—
EV/EBITDA · Valuationunavailableunavailable—
FCF yield · Valuationunavailableunavailable—
Shareholder yield (distributions) · Returnsunavailableunavailable—
Payout ratio (FCF) · Returnsunavailableunavailable—

Factors without a value were dropped; the remaining weights were renormalised.

Score groups

  • Balance sheet0/100 · 2/3 factors with a value
  • Growth· partialunavailable · 0/2 factors with a value
  • Quality· partial0/100 · 1/3 factors with a value
  • Returns· partialunavailable · 0/2 factors with a value
  • Valuation· partialunavailable · 0/3 factors with a value

A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.

Memo

DataMeds AI, Inc. (MEDS). Latest full fiscal year: 2025; data up to 2026-06-30.

Figures computed from the financial statements: revenue 23.3 m USD in 2025; YoY growth 28.7%; net margin -1,100.3%.

Valuation cannot be computed from the available data.

Insufficient data for a verdict (indicators available: 3 of at least 6; score weight coverage: 16.7% of at least 60%; valuation methods computed: 0 of at least 1).

Text generated deterministically from the figures shown; no language model. Not investment advice.

What supports the thesis

No signal among the computed factors. That is not an absence of risk: factors without data were not assessed, and business risks (margins, inventory, demand) are in the source-based analysis.

What contradicts it

  • Net margin: -1,100.3%
  • Interest coverage: -11.8x
  • Current ratio: 0.1x

Not assessed (insufficient data or a ratio without meaning): ROIC, FCF conversion, Revenue CAGR 3Y, EPS CAGR 3Y, Net debt / EBITDA, P/E (TTM), EV/EBITDA, FCF yield, Shareholder yield (distributions), Payout ratio (FCF).

Versus the vertical median

Wholesale-Drugs, Proprietaries & Druggists' Sundries (SIC 5122) · same industry (4-digit SIC) · compared with 8 companies

Multiples and returns vs the median

P/E
—
vertical median 26.9x
EV/EBITDA
—
vertical median 16.2x
P/S
0.6x
vertical median 0.3x
above median (+89.8%)
P/B
—
vertical median 4.2x
ROE
—
vertical median -32.5%
Net margin
-1,100.3%
vertical median 0.3%
below median (−406,900.1%)
EBIT margin
-875.7%
vertical median 0.9%
below median (−95,907.4%)
Revenue YoY
28.7%
vertical median 10.8%
above median (+165.2%)
Net debt/EBITDA
—
vertical median 0.6x
Dividend yield
—
vertical median 0.7%

Price rebased to 100 (monthly, 5 years)

Companies in the vertical

Market capP/EROENet marginRevenue YoY1A / 3A
MCKMcKESSON CORPORATION123.5 bn27.5—1.1%+12.4%+21% / +127%
CORCencora, Inc.67.6 bn26.3104.3%0.8%+9.3%−4% / +74%
CAHCardinal Health, Inc.60.9 bn36.2—0.7%+14.2%+23% / +145%
HLFHerbalife Ltd.1.6 bn9.1—3.4%+0.9%+20% / +19%
NUSNu Skin Enterprises, Inc.242.9 m—-32.5%-15.7%−14.3%−50% / −71%
COSMCosmos Health Inc.33.0 m—-104.0%-33.1%+19.9%−49% / −69%
HKPDCellyan Biotechnology Co., Ltd30.2 m—-0.6%-0.1%+21.7%+87% / unavailable
ESYNHwh International Inc.11.6 m—-88.9%-680.0%−30.8%−4% / −97%
MEDSDataMeds AI, Inc.4.6 m——-1,100.3%+28.7%−95% / unavailable

1- and 3-year price returns: for MEDS from daily closes (the same as the performance table), for the other companies from month-end closes.

olivLaw engine forecast

The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.

The engine has no published run for this company yet.

Valuation scenarios (editable assumptions)

Illustrative scenarios

Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.

Bear
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Base
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Bull
Allowed range: -50 … 50%
Allowed range: -100 … 100%
Allowed range: 0 … 100
Allowed range: -10 … 20%
Allowed range: 0 … 100%
Nothing is saved.

Estimated price (USD)

Estimated priceBearBaseBull
1 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
3 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
5 years
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
insufficient data
Total return unavailable · Per year unavailable
What moves the 3-year price the most

    AI analysis

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    In brief

    DataMeds AI, Inc. is a healthcare company that links a wholesale drug distributor, a pharmacy and a technology hub platform into what it calls a 'micro health ecosystem'. The company was renamed from Wellgistics Health in July 2026 and is operating under financial strain, with modest revenue and large operating losses in the second quarter of 2026 23.

    SWOT

    Strengths

    • The company has a distribution network serving independent pharmacies and a federal distributor licence, giving access to a large base of customers.
    • Its integrated portfolio, from distribution to pharmacy to technology platform, allows a coordinated offer to patients and manufacturers.
    • The company beat its management revenue projections in the second quarter of 2026.

    Weaknesses

    • Operating losses are large relative to revenue, and the company depends on new funding and debt restructuring.
    • The operating history is short, and many of the services described are still in development.
    • Near-term debt maturities and convertible notes put pressure on liquidity.

    Opportunities

    • If the patient app and manufacturer partnerships develop, the company could build recurring revenue from SaaS services.
    • The specialty lite market and interest in digital care could open new revenue channels.
    • Closing the proposed transaction could consolidate intellectual property in healthcare data.

    Threats

    • Pressure on reimbursement and pharmacy margins could reduce the profitability of distribution and pharmacy activities.
    • The risk of Nasdaq delisting and lock-up restrictions could affect share liquidity.
    • Data privacy and cybersecurity rules raise compliance costs and the risk of penalties.

    Risks

    • Liquidity and debthigh

      The company reported large operating losses and depends on new financing and restructurings, which could limit its ability to sustain operations.

    • Delisting riskhigh

      According to the release, the company carried out a reverse split partly to address Nasdaq delisting risk, and continued listing remains uncertain.

    • Dependence on the Datavault transactionmedium

      Much of the planned strategy depends on closing the proposed transaction, which still awaits approvals and could delay the company's plans.

    • Reimbursement and marginsmedium

      Lower reimbursement or changes in pricing benchmarks could affect the results of the pharmacy and distributor.

    • Regulation and privacylow

      Data protection laws and regulatory requirements for pharmacies and medical services could raise costs and litigation exposure.

    Investment thesis

    What would need to be true (bull case)

    • If revenue keeps growing after the second quarter of 2026, the company could show that its integrated model works in practice 3.
    • Solid partnerships with a network of independent pharmacies and manufacturers could produce a more stable revenue stream.
    • A successful launch of the patient app and related services could open a new market in medical data and treatment adherence.

    What would break the thesis

    • Large operating losses and the need for new funding could force further dilution or costly restructurings.
    • If the proposed transaction does not close, a significant part of the company's strategy could remain unrealised.
    • Delisting risk and restrictions on existing shares could reduce liquidity and investor confidence.

    What to watch

    • Launch of the Health Lives Here app together with NFL Alumni HealthQ3 2026
    • Closing of the transaction with Datavault AI and its partnerssecond half 2026
    • Trend in revenue and operating loss in the coming quartersQ3 2026
    • Compliance with Nasdaq listing standardsnext 10-Q

    Products, market & competition

    AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.

    The business

    The company was incorporated in 2022 as a holding company for operating companies in pharmaceuticals and healthcare services 1. Its portfolio includes Wellgistics LLC, an FDA-licensed wholesale distributor, Wellgistics Pharmacy, licensed in 32 states and the District of Columbia, and DelivMeds, a hub platform that transfers prescriptions to independent pharmacies 1. Effective July 22, 2026, the company changed its name to DataMeds AI and its Nasdaq symbol from WGRX to MEDS 2.

    In the second quarter of 2026 the company describes a strategy of vertical integration across technology, pharmacy, pharmaceutical-adjacent products and telemedicine, with the 'Health Lives Here' app slated for launch in September 2026 together with NFL Alumni Health 3. A proposed transaction with Datavault AI, EOS Technology Holdings, Scilex Holdings and HealthBridge Advisors aims to consolidate intellectual property in blockchain, biometrics and pharmaceutical-adjacent products, and it has not yet closed 3.

    Financially, the company reported revenue of 1.779 million USD in the second quarter of 2026, up 14% from the prior quarter, and a net operating loss of 18.363 million USD, driven mainly by debt extinguishment expenses and general and administrative costs 3. It raised 6.5 million USD in new funding in June 2026 and restructured 14.5 million USD of existing debt 3.

    Segments

    Wholesale distribution (Wellgistics LLC)

    Wellgistics LLC is a federally licensed pharmaceutical wholesale distributor in all 50 states, serving independent pharmacies and small to mid-size manufacturers 1. Its portfolio is mainly topical generics with a dermatology focus, plus oral generics, brand products and over-the-counter items 1.

    Pharmacy (Wellgistics Pharmacy)

    Wellgistics Pharmacy provides general and specialty pharmacy services, including patient care coordination, compliance programs, financial assistance and REMS administration, and its revenue comes from payor reimbursement and patient copayments 1. The pharmacy was later rebranded Corexa Pharmacy under the Corexa Health umbrella 3.

    Technology platform (DelivMeds)

    DelivMeds is a hub platform that automates the prescription journey, from transfer to an in-network independent pharmacy through to related clinical services, and the company expects recurring SaaS transaction fees over time 1. The technology division has also developed EinsteinRx and PharmacyChain products for medical data analysis 3.

    Market context

    According to the Centers for Medicare & Medicaid Services, national health expenditure reached 4.5 trillion USD in 2022, or 17.3% of GDP, with the share expected to reach 19.7% by 2032 1. IQVIA reported that US medicine spending reached 435 billion USD in 2023, and specialty drugs, which are under 10% of drugs, account for over 50% of prescription drug spend 1.

    The company targets a 'specialty lite' segment between specialty and general maintenance drugs, where weak medication adherence creates avoidable costs 1. Independent pharmacies, the company's core customers, are described as a network of over 19,000 pharmacies in the US 1.

    Trends

    • Rising healthcare spendingtailwind

      A growing share of GDP devoted to health spending could support demand for distribution and pharmacy services if drug volumes keep rising 1.

    • Pressure on reimbursementheadwind

      Lower reimbursement levels from private or government payors could compress margins for pharmacies and distributors, a risk the company itself describes 1.

    • Interest in digital care and GLP-1 therapiesmixed

      Demand for adherence apps and telemedicine services could grow, and the company plans a service aimed at users of GLP-1 medications 3.

    • Regulatory and listing requirementsheadwind

      Healthcare regulation and the risk of Nasdaq delisting could constrain operations and financing, and the company carried out a reverse stock split partly to address this risk 3.

    Competitive position

    The company operates in a market dominated by the three largest US wholesale distributors, and it seeks to complement rather than replace them by carrying products outside their portfolios 1. In digital hub and pharmacy services, competition is described as intense and constantly evolving 1.

    The company names technology and data partners that are also potential competitors in certain services 23. Its joint venture with KareRx adds electronic benefits verification services, but this too depends on execution 3.

    • The three largest US wholesale distributors

      The companies the source identifies as the three largest wholesalers, which the company tries to complement with products outside their portfolios 1.

    • Datavault AIDVLT

      Partner in the proposed transaction, licensing patent-protected healthcare data tokenization 3.

    • Scilex HoldingsSCLX

      Source of patents the company intends to acquire for biometric confirmation of drug delivery 3.

    • Cleveland Clinic

      Institution that completed the first US drone delivery of medical products, without biometric confirmation 3.

    News & filings

    In the press

    The latest news item in our archive is from 18 Sept 2026; the newest SEC filing is from 26 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.

    SEC filings

    • Current report26 Oct 2026
      Material agreement · Regulation FD disclosure · Financial statements and exhibits
    • Current report20 Oct 2026
      Regulation FD disclosure · Other events · Financial statements and exhibits
    • Current report16 Oct 2026
      Material agreement · Delisting notice · Item 3.02
    • Current report13 Oct 2026
      Other events
    • Current report17 Sept 2026
      Other events
    • Current report16 Sept 2026
      Material agreement · Creation of a direct financial obligation · Item 3.02 · Regulation FD disclosure · Financial statements and exhibits
    • Current report18 Aug 2026
      Results of operations · Financial statements and exhibits
    • Quarterly report17 Aug 2026
    • Current report14 Aug 2026
      Other events · Financial statements and exhibits
    • Current report04 Aug 2026
      Material agreement · Financial statements and exhibits

    Sources

    1. [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / DataMeds AI, Inc. · 20 Mar 2026
    2. [2] Form 10-Q, quarter ended 2026-06-30 · SEC / DataMeds AI, Inc. · 17 Aug 2026
    3. [3] Form 8-K, results release (exhibit 99.1) · SEC / DataMeds AI, Inc. · 18 Aug 2026

    Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.