Vitalhub Corp T.VHI

Q4 results were rather good...

[theinvestor22]

A couple of my CEO posts...

 A nice quarter.  All of the growth was organic.  Compounded sequential SaaS revenue growth of 4.441% translates to 18.983% over a whole year period, which is pretty decent.  As we know, some quarters include acquisitions, which makes the numbers look sexier, but as noted this was rather good for a between-acquisitions period.  Gross margin is still excellent and expenses are quite well controlled.  I do a calculation whereby I remove taxation and one time items (like forex, business acquisition/restructuring/integration expenses and change in fair value of contingent consideration).  This is up 17.5% sequentially and 118% year-over-year.  So, I continue to be one happy camper.  A nice long term compounder. 
 

Oh ya, the company continues to throw off huge amounts of cash - about $20M last year on earnings of less than $5M.  That will fund a lot of acquisitions.  Wow!   (By the way, that's about $0.42/fully diluted share in cash flow.) 

[Possibleidiot01]

Overall , I liked your post but I'm not sure of your last paragraph.   Cash from operations before changes in working capital was $11,180,747 as compared to $7,119,817 last year. Net income before income taxes of $5,327,733 as compared to $1,306,717 in the equivalent prior year period, an increase of $4,021,016 or 308%. Where did you get $20 million?

[theinvestor22]

I just quickly picked the $20M off the bottom line of the cash flow from Operating activities section.  You're right about the changes in working capital of course, although I would argue that Deferred revenue is actually a source of cash flow pretty much each and every year.  I recognize that the service hasn't been provided yet, but we are talking about cash flow and this