Revenue Run-Rate breakdown - Important figures You add the Source 44 acquisition with over 20M$ in past 12 months, logically, there is a growth for cybersecurity and from my stand of point, WELL is using CONSERVATIVE estimates and therefore using the revenue run-rate of 20M$ only. I would see more 22-23 M$ in revenues for Source 44 for 2021.
You add the ExcelleMD acquisition in Qubec, well run clinics where I live and honestly, a good acquisition, incredible reputation for these clinics here in Quebec. 6M$ in revenues for ExcelleMD.
So,
Q3 : 68 M$ revenue run-rate
+ Source 44 : 20 M$ revenue run-rate
+ ExcelleMD : 6 M$ revenue run-rate
Total = 94 M$, which stated in corporate update of December 17th.
Nov 12th Q3 couldn't take into consideration the growth of the full month of November (Circle, Tia, VC, etc, showed incredible growth and records visits).
My point, the revenue run-rate mentionned to the public are CONVERSATIVE figures, they don't seem to take into consideration the organic growth of November and December.
94 M$ is tremendous figures, WELL and Hamed are stragically keeping a margin to work with and surprise us with Q4 and Q1 figures, creating a better than expected sentiment.
Great times ahead, patience always pays off.
Cheers