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Empower Clinics Inc EPWCF

Empower Clinics Inc. is a Canada-based integrated healthcare and medical device company with multi-disciplinary clinics. The Company provides body and mind wellness for patients through its medical clinics, digital and telemedicine care, medical diagnostics laboratories, and sale of medical devices. Its segments include Health & Wellness, comprising clinic operations, patient visits, and telemedicine services; Diagnostics & Technology, comprising the diagnostic testing services provided by Kai Medical, and the sale of medical equipment by Kai Medical Canada Corp. and MediSure; and Corporate. It is focused on offering clinical trial services, such as clinical trial design, patient recruitment, data management and regulatory compliance for the pharmaceutical, biotechnology and medical device industries. It has two clinical research sites in Dallas, Texas, becoming a site management organization (SMO) with six principal investigators (PI) with multiple clinical trials under application.


GREY:EPWCF - Post by User

Post by Smokey1958on Mar 10, 2021 9:59pm
420 Views
Post# 32769575

2021 ....and WHY the Numbers Matter

2021 ....and WHY the Numbers MatterThese are the net revenues per quarter for CBDT from Q1 2019 to Q3 2020 in $US.

$153,000, $593,000, $663,000, $625,000, $789,000, $924,000, and $643,000*. Talk about a change in direction. Q1 2020 compared to Q1 2019 is a 500% increase ....WOW!

* This was a consequence of a reduction in patient visits to the clinics in the US and may have had something to do with the second wave of Covid in the US.

I love this comment in the MD&A for Q3 2020

"The Company has a limited operating history, which can make it difficult for investors to evaluate the Company’s operations. As a result, the prior periods shown in the above table are not necessarily comparable and should not be relied upon as an indication of future performance." .....no KIDDING!!!!!!

Q3 ended on September 30, 2020. Kai Medical was acquired in October.

Q4 2020 will blow the doors off their previous record high during Q2 2020 .....and Q1 2021 will be another quantum leap forward. Imho by the time Empower hits the end of Q3 2021 financials will be showing revenue in the tens of millions not hundreds of thousands.

For those HOLDing LONG ....and for those few left who are bashing ....the numbers matter and they don't lie.

Have a great night!!!!
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