RE:Serious question here...jdsd0517 wrote: Given that we are already at March 15 with an annual reporting deadline only about two weeks away, why did the company issue today's press release?
It seems pretty odd given that they could provide that information their imminent earnings release and conference call.
Any conspiracy theorists out there with any wild ideas?
From my perspective, there are two main reasons about why they released this info outside of the earnings report :
1- WELL Health has a history of providing business updates outside of their financial results. It could be for multiple reasons: to keep the company in the news cycle, to inform the shareholders, etc.
2- The news release gives info about Jan 2022, which is outside of the period that they will be reporting on when they release the financial results. While they could have released the info at the same time, there are a couple of reasons why they shouldn't. First, if they provide updates in an earnings release, they should provide it for all their subsidiaries. Second, the information could be looked over easily or mixed up with the current reporting period.
Considering the history of press releases done by WELL Health, I wouldn't read anything special to it. All I can say is that those numbers look good at first glance. I'll keep them in mind when the earnings report comes out.