Organic Growth ….and Acquisitions Almost with a flip of the switch WELL continues to exceed its own forecasts.
* March 21, 2023 - annual revenue $665 million to $685 million
* May 12, 2023 - projection updated to $690 million to $710 million
* ...another update today forecasting annual revenues of $740 million to $760 million
That's an increase of over 14% in just 5 months. WOW! Again, the key will be does this lead to profitability even implied should the company use some of this to continue to acquire. Don't forget that all of the increase in revenues was through system growth as they had put a hold on acquisitions.
Is is possible that some of the recent sp fall has been created through a general downturn in the markets and manipulation as some players see strong headwinds and want to stock up at lower prices? The number of 100, 200 to 500 shares transactions is certainly on the rise.
GLTE!!!