RE:NXG Great results for the year. This years revenue was also impacted by reduction in claims due to people staying at home and not going to dentists, chiroporactors etc. Annual revenue (not including CEWS) was still up 10% even though revenue from some of their existing clients was reduced by the pandemic. Means they've been adding new customers. Should start to see this in 2021. Next year should see at least $3 million in quarterly revenue.
The operating leverage in the business is immense. Incremental revenue for the most part flows straight to the bottom line as they have excess claims processing capacity. Allows them to price their service super competitively. Hoping to see further meaningful revenue growth in 2021 of at least 10%.
This is an interesting space. Telus health has a very similar product, I wouldn't be surprised if telus snaps them up.