U.S. Invasion For the three-month period ended March 31, 2022, the Company’s revenue in Canada was $37.8 million, an increase of 4.8% from $36.1 million in the equivalent quarter of 2021. In the United States, revenue was $25.5 million, an increase of 45.2% from $17.5 million in 2021 explained by increased activities in U.S. including Vista combined with an increase in average selling prices.
My Take: Given the massive opportunity in the U.S., the 45% increase is an extremely positive development. Penetration there is not easy but once established the benefits accrue for years forward. No wonder GC continues to buy!