RE:TrendAgreed - looking for an update - Scrn has shown that it is profitable and has "stable cash flow" -from the NR on the Q3 results - which have in all likelyhood resulted in more revenues than the almost $4mil in Q3 -
Q4 may have some more expenses between staffing increases and securing enough testing kits to have in stock - but the increased revenues should continue generating a healthy net profit - SCRN makes a clear 45% profit on their testing kit revs alone....It would be nice to have a guidance issued by the company in this respect since Q4 is coming to close. (similar to DM's guidance that was offered and updated)
My red flag has always been 1 - the share count...but my concern is mitigated by ongoing Covid situation worldwide and the company posting net revenue of over $700k in this recent quarter...
2 - I would love to see the business plan by the Concierge subsidiary - timing is right, they have the movie market wrapped up and it should provide the customer base. But what number of customers will make them profitable (OPEX) - what is their starting overhead etc...(CAPEX)...
I would hate to see such an opportunity turn into an anchor for SCRN.
I will be sending Lena an email to find out more about Concierge Medical's numbers - will keep y'all posted...if anyone has located any links to this info please pass them along thanks...
Best of luck this new year!!! KF12