Potential for Q1 2021Just crunching some numbers ....and the prospects look great.
With a Q1 year over year increase of 460% in patient visits to the Sun Valley Clinics it seems reasonable that revenue should exceed $3 million. If the annual run rate for Kai Medical continued to exceed $10 million, the quarterly revenue would be $2.5 million. Empower kept 3 of the original 7 Canadian Clinics as part of that acquisition at the end of last year. If they have been producing revenue results anywhere near Steve's projections for the new clinics a conservative estimate per quarter per clinic would be in excess of $500 thousand. Based on these it would not be surprising to see gross revenues in excess of $7 million for Q1 2021.
Having said that I would think the Canadian Clinics will have found it a tough go depending on their capacity to continue to generate revenue through telephone medicine and limitations to in house services like physiotherapy ....which is certainly quite possible. Any thoughts?
Not too long to wait now ...and a picture that continues to brighten ...in spite of the markets.
Cheers!!!