RE:RE:Telemedicine tankumo wrote: cloud md projects $180 million annual revenue, not sure if it is correct.
As I explained in my post these companies have many verticals in which they derive their revenue from. In their financial statements they are often broken down into categories. CloudMD separates their revenue into three categories:
Clinics & Pharmacies,
Digital Health Solutions and
Enterprise Health Solutions.
Which one is their Telemedicine under? And how much does telemedicine make up that portion of the revenue in that category? I picked Digital Health Solutions ($16.5 million) and I could be completely wrong in choosing that one. I did mention that in my post. It was a guessing game.
If their telemedicine is under Enterprise Health Solutions then the 9 month revenue is $27.2 million. If the Telemedicine falls under Clinics & Pharmacies, then the 9 month revenue is $19.9 million. It's unlikely the Telemedicine falls under the Clinics & Pharmacies and more likely it falls under one of the other two. So you choose. But the Telemedicine certainly doesn't make up their total revenue.
So for those posters who keep complaining that DM is not focused or doesn't have a plan or has too many verticals, clearly you have no idea how to run a company. Every company I mentioned on that list, and I could have mentioned a lot more, derive their revenue through many different verticals. Most seem to stick with 3-4 verticals. DM seems to be on the same plan.