Nice to see hospitals ahead of forecast with a revised 150 target pre EOY (up from 120).
Good to see ARR graph, and read Philips have finally provided some money as per their commitment last year.
However, the key metric is our 2023 hospital target.
This would enable us to monitor management performance and also estimate valuations for our raise mid/late next year. If we achieved about 110 new hospitals this year we should get over 300 next year, so we would have around 450 by end of 2023. ARR over $4m. Hopefully we see the 23 target in the next update.
More details on the progress of Philips sales staff being trained would be good, and how will that change our sales growth rate? Is 450 too conservative for 23?
Hopefully we don't list on the asx - too expensive and compliance driven.
Lets go raise in the USA, the Americans usually over pay for these type of companies - just look at our competitor, Viz.Ai, which recently raised at a A$1.8b valuation..
