Why IHR is a buy., page-87

Tech growth stories are often about cash runway as well and IHR have plenty of that now.
Yes, the valuation could be getting stretched here, but maybe the market is getting this right before the numbers are out?

IHR had $7.5m in the bank at the end of the last QTR.
The cash receipts were only $526k, but the important metric is this was based on 11,853 invoiced subscribers.
This saw IHR burn $900k in cash last QTR.
We know from the last QTRLY that there were 19,759 contracted subscribers, so hopefully most of those have been converted now.
We also know from the November update that a minimum 9,000 extra contracted subscribers have been secured.

The way I see it, IHR collected about $14.79 per month for each invoiced subscriber last QTR.
Onboarding does take a while and Christmas might have even slowed it down, but let's assume we got invoiced subs up to 17k.
That should see cash receipts of $750k, with cash outflows being about the same.

By April, if we can have a few big months of onboarding and invoicing with our current contracted subs, we should be getting cash receipts over $1m a quarter.

So focus should really all be on ARR growth and US team is just getting started, in what is a challenging environment, but HR systems with a remote workforce have probably never been more important!!