TSXV:RHT.H - Post by User
Comment by
theinvestor22on Mar 02, 2021 10:45am
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Post# 32694424
RE:RE:RE:RE:FINANCIALS RELEASED / READ BELOW
RE:RE:RE:RE:FINANCIALS RELEASED / READ BELOWRe the highlighted portion, I was thinking the exact same thing. Over the coming quarters, GM% for SaaS should approach guided numbers and regular expenses should go down somewhat.
lscfa wrote: More likely they still are not allocating any costs to the SAAS segment and the costs of devices includes something more than the inventory costs.
| Dec 2020 | SAAS | Devices | Total |
| Revenue | 218,022 | 199,792 | 417,814 |
| Cost of rev | 0 | 199,792 | 199,792 |
theinvestor22 wrote: Just a couple of quick, but I think important, points to highlight on your posting (see below). Firstly, there was very good growth in SaaS. Secondly, while I think it's still a bit early to get a firm handle on the underlying gross margin percentage for the SaaS part of the business, your calc points to a very high number (97%) for the quarter.
lscfa wrote: They dropped the guidance about being cash flow positive in March qtr but most investors assumed they would miss that. Not breaking down revenue is still distorting things. It looks like SAAS revenue grew 168% from last qtr.
assuming no profit on device sales:
| Sept 2020 | SAAS | Devices | Total |
| Revenue | 87,218 | 113,684 | 200,902 |
| Cost of rev | 0 | 113,684 | 113,684 |
| | | | |
| Dec 20 | SAAS | Devices | Total |
| Revenue | 225,011 | 192,803 | 417,814 |
| Cost of rev | 6,989 | 192,803 | 199,792 |