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23/10/19
14:08
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Originally posted by Galilee13:
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yes $2m USD is highly ambitious but.... Company update on July 30 said the MTC service (auto detect auto send) was doing $500k USD a month in revenue. So according to that company update that service alone should bring in $1.5m USD. However, these services are subject to insurance company reimbursements which can take up to 90 days. Furthermore, during the June quarter the company executed a number of significant provider agreements for millions of or covered lives. Also, whilst the Hygea purchase order is on hold, GMV has started providing IDTF services to them. So, for the September quarter $2m USD in revenue is very ambitious but not impossible. Anyhow looks like someone is buying up...
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I hope you are right Galilee. If some of their announcements start to bear fruit, that will restore confidence. Experience has taught me to not count any revenue until I see it in a 4C.