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Madison Technologies Inc   (MDEX)
Other Ticker:  
 
    Sector  Retail    Industry Specialty Retail
   Industry Specialty Retail
   Sector  Retail

Madison Technologies Inc 's

Competitiveness


 

MDEX Sales vs. its Competitors Q4 2022



Comparing the current results to its competitors, Madison Technologies Inc reported Revenue increase in the 4 quarter 2022 by 0 % year on year, while most of its competitors have experienced contraction in revenues by -54.77 %, achieved in the same quarter.

List of MDEX Competitors





Revenue Growth Comparisons




Net Income Comparison


Madison Technologies Inc , faster than the decline experienced by the competitors recorded a net loss, as well as most of its competitors.

<<  MDEX Stock Performance Comparisons


Madison Technologies Inc 's Comment on Competitors and Industry Peers


Madison will be competing with other online retail companies possessing greater financial resources and technical facilities than Madison in connection with the sale of similar products. Many of the competitors have a very diverse portfolio and have not confined their market to one product or line of products, but offer a wide array of products. All of these competitors have been in business for longer than Madison and may have established more strategic partnerships and relationships than Madison.

Management believes that it will have a competitive advantage over its competitors due to its plan of operations.

Madison has identified numerous body armour and bullet proof inserts available from a variety of online and offline merchants, and although most offer international shipping to the United Kingdom and Western Europe, the high cost of shipping and long delays in delivery makes purchasing from a US based retailer unattractive. Management believes that by establishing relationships with fulfilment companies and having stock on hand in its distribution territories Madison will have a competitive advantage in the ability to fill orders and deliver the Licensed Products to its customers quickly which will develop buyer loyalty.

Madison has also identified several online retailers that are located in either the UK or Europe that supply products that management believes would be in direct competition with Madison’s business. Some of those competitors include, but not limited to, the following:

Vestgaurd - a UK based supplies the very best in British manufactured ballistic protection systems for personal and vehicle protection to the public and private sectors.

Mars Armor - a Bulgarian company specialized in the manufacture of body armor for protection against bullets, fragments and cold steel.

Spycatcher Online - a UK based supplier of specialist surveillance, counter-surveillance and personal protection equipment to the professional and consumer market.

Jack Ellis Body Protection - a UK based manufacturer in the personal protection market with clients including - UK and Foreign government organisations, special forces, police, prisons, private security and media.





*Market share is calculated based on total revenue.





Who are Madison Technologies Inc 's Competitors?




Brownie s Marine Group Inc
Share Performance



+17.74%
Over The Past 5 Days



Brownie s Marine Group Inc
Profile

Brownie's Marine Group Inc's business model is focused on the design, manufacturing, and distribution of diving and water safety products.

More about Brownie s Marine Group Inc 's Market Share

Market Cap. Revenues TTM Net Income TTM
$ 6.383 mill. $ 7.385 mill. $ -1.452 mill.



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