JRsis Health Care Corp (OTC: JRSS) is a medical technology company that designs and sells automated pharmacy dispensing machines and related software in China. Revenue comes from hardware sales of smart pharmacy vending machines and bundled or standalone software, including SaaS dispensary management services. Operations are conducted through Yongzhou Jumi (organized 2018 in Yongzhou City, Hunan Province, PRC), which JRSIS acquired effective November 30, 2023 via VIE agreements. The company sold approximately 1,000 machines during FY2023 against a factory capacity of 20,000 units per year. Yongzhou Jumi holds 2 invention patents, 16 utility model patents, 6 design patents, and 21 software copyrights in the PRC as of the filing date. The company reported a net loss of $94,588 for FY2023 and carried an accumulated deficit of $3,442,898 as of December 31, 2023, with management disclosing substantial doubt about its ability to continue as a going concern.

Revenue model

Transactional hardware sales of automated pharmacy dispensing machines and software licenses sold with or without machines. SaaS dispensary software services are a planned additional revenue stream. The company generated operating cash inflows of $516,724 for FY2023 but reported recurring operating losses.

Products and services

Smart pharmacy vending machines including the 'Digital Solution,' a fully-automated stand-alone pharmacy with 300 SKU per square meter capacity, 24-hour self-service access to OTC and prescription medicine, robotics-based restocking, and AI medication safety analysis with a median order-to-delivery time of approximately 30 seconds. The JUMI AI Health Check-up Room 2.0, developed by parent entity Guangzhou Jumi, provides facial recognition-enabled diagnosis rooms integrated with patient insurance coverage. Software products include intelligent dispensary management and SaaS distribution software.

Customers and end markets

Hospitals (emergency departments), transportation hubs, office buildings, and other institutional sites in the PRC seeking automated pharmacy access. End market is healthcare retail and hospital pharmacy distribution in China.

Value-chain role

Hardware manufacturer and software developer. Yongzhou Jumi designs, produces, and sells the dispensing machines from a factory in Xiaoxiang Science and Technology Innovation Center, Hunan Province, and delivers inventory management and AI-driven pharmacy software to end-site operators.

Geographic exposure

Operates entirely in the PRC, headquartered in Yongzhou City, Hunan Province. JRSS common stock trades in the U.S. but the operating entity is China-based and subject to PRC regulatory oversight including CAC cybersecurity review requirements.

Source: SEC 10-K, filed 2024-04-26

Industry: Services-Hospitals