GREY:EPWCF - Post by User
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Bonsaion Mar 19, 2021 9:41am
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Great summary from Amir on Yahoo board.
Great summary from Amir on Yahoo board.1. Each of January and February 2021 were record months for specimen collection and processing, with February delivering sequential growth of 27% over January 2021.
2. Exceeded single day specimen processing of 1,000 + units in February.
3. As a result of record months year to date 2021, the KAI LAB annual revenue run rate is now exceeding $10,000,000 with meaningful positive cash flow
As a result of this continued rapid growth in 2021, Empower announced "Doubling KAI Medical Laboratory In Anticipation Of Test Volumes By End Of Q1." The Company then revised this planned expansion upwards on February 16th when it announced "KAI Laboratory Now Tripling in Size in Anticipation of Test Volumes by End of Q1."
KAI LAB has now completed the lease amendment with the landlord to take over the neighboring tenants' space to triple the size of KAI LAB. Tenant's improvements are set to commence immediately and before the end of March 2021. The expansion work will enable KAI LAB to hire additional staff across a wide array of roles, all to improve operational efficiency and to meet anticipated demand over the coming weeks and quarters.