after 5 years of securing several deals like this that could be worth $5M each, 1ST are only hitting revenue of just over $5M per annum. (up from $2M in 2016 -approx figures). this contract is potentially $5mil but there are a lot of 'if's' in the announcement that investors can factor in.
I suggest the uptake (by the clinics and by their customers who still like to call to make an appointment) has been a lot slower than anticipated. the company has stated to market several times that they expected to reach cash flow positive but they have gone very quiet on this comparatively over the last 18months or so and it was clearly a point of difference between the two management groups(noting the management spill occurred recently). allIMO
DYOR
after 5 years of securing several deals like this that could be...
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