OTCQB:HDSLF - Post by User
Comment by
stockgainson Jun 30, 2020 8:03pm
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Post# 31210694
RE:RE:RE:RE:RE:HealthSpace Signs $1 Million USD Contract with Orange County
RE:RE:RE:RE:RE:HealthSpace Signs $1 Million USD Contract with Orange CountyI agree. Every new contract means the possibility of HS Pay revenue which will exceed SAAS revenue over time. Plus, the location of this contract is important. Landing this contract after getting SF indicates they are getting good traction in California, a very large state so it shows continued confidence in the company. $14M pipeline so lots more to go here. Estimated $5.2 ARR by Dec 31/20 with $4M implementation fee pipeline plus add in HS Pay. Oh yeah, how about almost 100% retention rate! All good here.
HenoftheWoods wrote: Sorry, but I have to disagree... This contract is MORE THAN OK!
Considering that their biggest ever was with San Fran for 1.7 million last January, this is nothing to be oh-hum about. In fact, I believe this is their 2nd biggest ever for a single county. The business here is definitely ramping up. Assuming all else being equal, the San Fran and Orange County contracts alone represent an additional 180 000 Canadian $/ quarter to HS for the next 5 years, which in itself is more than 10%!