Post by
AlwaysLong683 on Jul 05, 2023 12:13pm
Need New Contracts
Balance Sheet as at March 31, 2023 is in good shape since they sold off some assets for cash, but their Income Statement shows a decline in revenue vs. March 31, 2022 (expected given the businesses they sold) but incurred a larger operating loss of $6.2M for the quarter. According to TMX money, DOC now has over 300M shares outstanding, which is a lot for a Canadian microcap company. DOC needs to land new contracts so they can boost both revenue and become profitable . When was the last time DOC announced an actual new contract with a new client? So far, it seems they are signing partnerships with other entities, but the online medical services sector is very competitive and it appears DOC is having trouble winning such contracts.
Comment by
Kavoli123 on Jul 05, 2023 1:04pm
But I am pretty sure Karen Adams will argue otherwise and will give herself and associates another big fat bonus on top of the 600K she is already making while company is trying to stay afloat :-) job well done !
Comment by
Tuatara on Jul 05, 2023 1:31pm
If youre going to be negative at least be accurate. Karen hasnt paid herself nor her team a bonus. Just because the comp table says theyre eligble doesnt mean they will/did.
Comment by
KrapShoet on Jul 07, 2023 7:56am
Speculating again? Let's focus on what happened not what might happen.