Cloud DX Inc V.CDX.H

Hard to get excited over the Financial Statements

[laurencelefou]

I like Cloud DX business model, but the current Financial Statements are not so good.

Current assets are $1,176,956.

Current liabilities are $4,235,282.

Trade receivables are $349,037.

Accounts payable are $3,430,647.

As a rule, I do not invest in companies with negative working capital.

YOY revenue growth is slightly negative.

Comprehensive lost for the quarter is $2,288,287.

Cash on the balance sheet is $19,301.

On July 6, 2022, Cloud DX received $1,970,000 from a financing deal.  That is not enough cash to cover Q2 accounts payable of  $3,430,647.

Cloud DX is signing new clients and partners, but so far, sales have not increased.

At this time, it is unclear when the company will be profitable.

[lscfa]

  Subscription revenue has been flat due to clients using the service for only short periods for patients. e.g. post surgery at home monitoring. As co. gets more clients with chronic care patients onboard the subscription revenue will be recurring for lengthier periods and grow. 75% margin too.       Subscription rev

[lscfa]

p.s. The integration of Teledoc's chronic care mgmt software should make Cloud DX's SAAS more attractive to Maxwell's clients who have 25,000 eligible patients. Patients should be long term and revenue recurring.  25,000 x $900/yr = $22,5 million annual revenue, 75% margin

[Stocker46]

Bought shares last friday morning & sold this morning. Nice little profit. Looked at their financials on Sedar before their NR ... not impressed .. will track & get back in if & when they show positive signs going forward. Definitely has potential.