EXPLOSIVE Growth Revenue +600% overwhelms MEDVNumber of tests from June 3, 2021 to July 3, 2021: 5,077/week at average sales price of: $ 58 per patient
Number of tests from July 4, 2021 to July 31, 2021 16,794/week at average sales price of: 150 per patient
Number of tests: August 1, 2021 to August 15, 2021: 16,794/week at average sales price of: 150 per patient
Numbers of tests: August 16, 2021 to September 28th: 50,382/week at average sales price of: 179 per patient
Under David Preiner, we have exploded 300% in testing rates from June to July 2021 and, another 300% from August 15, 2021 to September 28, 2021.
We can expect under the Biden mandate for testing to explode another 300% to 600% towards 150,000 to 200,000 patients per week.
Knowscrap brought up an another that MEDV received 20 complaints, some complaining of long lines or delayed results or, not receiving results or discrepancy results.
When you have EXPLOSIVE GROWTH of 600% in 2 months you are going to hit some growing pains as your system is overwhelmed and you need to catch up. Whatever is off in their system will be adjusted as revenue growth is EXPLOSIVE.
In terms of complaints, it is very low.
20 complaints / (50,392 tests mid August * 6 weeks to end of September) = .006 %
That means not even 1/10 of 1%. It also means that we have 302,332 satisfied patients in a pool of 302,352.
I would call that SPECTACULAR RESULTS
Target Price: $ 1.50 per share
Naked shorts are in panic and need to cover, their gig is done.