RE:Remote training and installationJennifer2020 wrote: I expect the "good news" alluded to in the mgmt email about the AGM is sales. This is the email that got things rolling from the low of .295 In fact, the company has already gained early sales traction with 16 sites completed the placements and 11 sites in progress. The Hospital committed placements breakdown is as per follows:
- Canada – 5 sites completed/2 additional sites in process
- US – 1 site completed/4 additional sites in process
- UK – 1 site completed and 3 sites in process
- Europe – 1 site completed/2 sites in process
- China – 8 sites completed
Last but not least, it is anticipated that multiple units will be purchased regularly by each hospital that uses the VMS+3.0 system – further boosting the growth ahead.
https://www.smallcapasia.com/5-things-to-like-about-ventripoint/
Jennifer, I hear you, but to me - I will wait for factual evidence that such sales are hitting the bottoms line(esp re China where the terms of any such sales are difficult to understand for a simple guy like me)
I have posted on the lack of evidence for meaningful sales and repost below.
Still,
If there are sales they must be reported on the financials.
Yet, as noted….
We hear so much about potential sales, China, etc. yet the recent financials showed zero sales
In fact the sales have been declining yoy
The numbers that I had, (in reference to above)and correct me if I’m wrong are:
Ventripoint
Operating expenses for the last 3 months 889,452
Revenue was Zero
Total loss for the period; 1,433,551
Weighted average number of common shares outstanding 118,806,636
Year Ended December 31, 2020
Revenue 36,017
Cost of Sales (9,747)
Gross Margin 26,270
Total loss and comprehensive loss for the year (1,811,086)
Weighted average number of common shares outstanding 74,515,947
Year Ended December 31, 2019
Revenue 81,023
Cost of Sales (43,852)
Gross Margin 37,171
Total loss and comprehensive loss for the year (3,322,628)
Weighted average number of common shares outstanding 63,374,776
Source:SEDAR.com