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Think Research Corporation V.THNK

Healthcare Medical Devices
Think Research Corporation is a Canada-based company that offers digital health software solutions. It is a provider of cloud-based data, knowledge, and software solutions primarily delivered as software-as-a-service (SaaS) to healthcare delivery systems and the practitioners that they support. Its operations are organized into three lines of business: Software and Data Solutions, Clinical Research, and Clinical Services. Its SaaS solutions help patients find, navigate, and connect to health services across large governments and payer clients, while also ensuring safety for prescribed medications at pharmacies. Through its wholly owned subsidiary, BioPharma Services Inc., the Company provides research data and analysis derived from Phase I clinical trials, bioequivalence studies and bioanalytical services. Its clinics act as a test bed for its software and technology, transforming them with digital solutions that optimize clinical outcomes, streamline workflows, and optimize billing.


TSXV:THNK - Post by User

Think Research Corporation > Let's see if this works. Trying to post the results:
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Comment by AlwaysLong683on May 30, 2022 9:18am
143 Views
Post# 34716533

RE:RE:RE:RE:RE:Let's see if this works. Trying to post the results:

RE:RE:RE:RE:RE:Let's see if this works. Trying to post the results:
Here's my view after taking a look at the Financial Statements on THNK's website:


BALANCE SHEET:

Current Assets:       21.7M
Current Liabilities:   39.9M

Total Liablilities:                    87.0M
Total Shareholder's Equity:   44.8M

Translation:
The Balance Sheet is bad.
Nagative working capital and a debt-to-equity ratio of almost 2.0.


INCOME STATEMENT:

Big gain in Revenue, up 141%

Gross Profit - Operating Expenses = Negative 4.97M

Quarterly Net loss per share of 0.11 vs. Net loss per share of 0.12 a year ago 

58.7M shares outstanding as at March 31, 2021, up from 40.5M a year ago

Translation: 
Revenue gains (mostly due to acquisitions?)
Still not profitable
Shareholder dilution.

Should people "Think again" about investing in THNK......?


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