HS Govtech Solutions Inc C.HS

Primary Symbol: HDSLF

Technology Software - Infrastructure

HS Govtech Solutions Inc. is a Canada-based software-as-a-service company. The Company's principal business activity is the development and sale of information and communication management systems for health inspection departments of federal, provincial, state, and municipal governments in Canada and the United States of America. The Company is focused on providing an efficient data and workflow management platform. Its platforms provide inspection, information, communication, and data management systems that enable government agencies to operate more efficiently. Its cloud and mobile-based platforms are deployed in approximately 800 state and local government organizations across North America. Its solutions include environment health, code enforcement/ fire & safety, virtual inspections, payment processing and more. The Company also delivers government grade technologies to private businesses through its My Health Department platform.

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HS Govtech Solutions Inc > HealthSpace Signs $1 Million USD Contract with Orange County

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Comment by hemi3tcon Jul 02, 2020 1:40pm

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Post# 31216716

RE:RE:RE:RE:RE:RE:HealthSpace Signs $1 Million USD Contract with Orange County

Exactly, AAR and pipeline are a known fundamental already. So it's OK that they signed off and completed the contract. Hence the SP hardly moved. Need new contracts to increase what is already known.

stockgains wrote: I 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%!