Daxor reports NAV of $6.75 per share for 2022

Daxor Corporation filed its Annual Report to Shareholders on Form N-CSR on March 1, 2023, disclosing its schedule of portfolio holdings as of December 31, 2022. Management reported a NAV of $6.75 per share for fiscal 2022 versus $5.24 for the comparable period in 2021, a $1.51 increase or 36.95%, as well as a 20.5% increase in unaudited revenues and sales for its operating division, which produces and distributes its blood volume analysis diagnostic systems and single use test kits which rose by 59.5%. "We are pleased with our strong financial performance for fiscal 2022 driven by a combination of sold, leased, placed devices for research, and new reference lab accounts with eighteen new clients with orders to install an additional five accounts expected in Q1 of 2023. Additionally, revenue accrued from the U.S. Department of Defense orders as well as third-party companies contracted to conduct blood volume analysis on their products have contributed to our growth," said Michael Feldschuh, President and CEO of Daxor. "Our operating business continues to experience exciting growth and development due to commercialization acceleration and expansion, significant progress in validating our next-generation system set for submission to FDA and subsequent launch this year, and a growing body of clinical evidence from leading research centers have validated the unique value of our diagnostic to save lives and vastly improve health and hospital economic outcomes."