This is the plan devised and approved by former CEO and BOD. This is what we have to work with until we receive new information.
We already suffered a setback by the risk of BCBS not updating on mass as was expected, this risk was not identified/mitigated against by the previous board (which included a USA reimbursement expert).
Focus will have to be on BCBS in key states identified, to get the policy coverage % to get the sales. Oddly I thought they were targeting each State individually anyway which would mitigate against that risk. BCBS examples like below Florida, Tennessee & then Michigan.
The plan as stated above will have changed with this to allow for individual policy change, as below. You can see below diagram(recommended) or read from the transcript if you want to do more reading (not recommended)
Below is the revised expected dates and coverage percentages.
Note bullet point 2.
There is a benchmark of sorts above until new information is provided.
Cat amongst the pigeons
What we have is some contracts not executed in Q1 now compressed into Q2 (or to Q3) with normal sales distributions for the quarter.
Q2 Highest sale number is 83 and lowest is 24 for all markets.
The market will be expecting the announcement of more key states coverage and Q1 contracts included in Q2 as previously advised by TC.
Cash receipts to be greater than $3.1M, less churning of the butter will also help along with increase in contract pricing.
There will be $ charge for RV and maybe TC for Termination in the Q2 numbers.
Keep this one in your back pocket.
15%=75 units (30/09/2023)
20%=100 units (30/09/2024)
85%=425 units paying less than $1500 per month.
estimated 20% increase in ARR
Yes it is exciting. T-16 days.
Regards
Acclivity
