Post by
Aei773ou on May 17, 2021 10:30pm
You need to understand when and how RHT get paid
Q3 cover Jan to March. Any contracts from the last few months has limited to very little to contribute when they relie on government aid. It also takes up to 60 days to reimburse starting from the first visit to patients to initiate the process according to Medicare/ Medicaid. The major revenue contributors are contracts before January, like Puerto Rico and those before it. Since there has not been any updates for any signed contracts then any guesstimates in this forum is a shot in the dark at best. Just take it with a grain of salt. What the company published in the Investor Deck and Lisa reiterates - profitability by the end of June, 11 mm by the end of CY 21 etc., is a road map to success. Speculative retail investors put their money down to bet on it. Get that.
Comment by
ryang999 on May 18, 2021 8:00am
thanks. that is very good information. However, getting paid and getting revenue recognized are two different things. in the case of the Puerto Reco contract and a few contracts announced in Jan 2021, I believe they generated some revenue in Q3 ( Jan - Mar), although the payments may come in Q4