RE:RE:RE:RE:Todays news is a positive but raises a quandry in my mindIscfa - I understand what you are implying about the 2200/mth customer growth from 2021 to 2022 by your calculations.
However, remember that they are losing a % of their customer base every mth from drop outs ( patients leaving the program for whatever reason ). We have no idea what that % is but lets just say 5% per mth for shits and giggles. When they are at 50,000 customers, 5% translates to about 2500 customers/mth. So 2500 new customers have to be signed on just to fill those vacant spots to maintain the 50,000 database. So to grow the customer base by 2200 means they have to get 4700 new customers/mth.
I prefer not to play around with customer counts as we have no insight to pricing and on-boarding rates as there has not been any real disclosure from the company and we are all just guessing. However, what I do focus on is the revenue target numbers that have been disclosed for 2021 and 2022 from $21M to $32M, representing a 50% growth YOY. I would like to think that all the factors required to derive those revenue numbers have been taken into consideration by the company.
Now we just brace for either impact ( not meeting revenue targets ) or for lift off ( meeting revenue targets ) in the coming Qs.
GLTA