TSXV:RHT.H - Post by User
Post by
Lifeboat1on Nov 30, 2022 9:47am
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Post# 35139374
Good Steady Progress
Good Steady ProgressNot as much revenue as I had hoped for but the hurricanes did devastate PR, the USVI and parts of Florida so not unexpected. The Company is probably 6-12 months behind their forecasts. They will exceed last year’s forecast this year and my expectation is next year will be higher than the $40 million expected this year. Despite that, good steady progress, low share based expenses, nice growth in adjusted EBITDA, significant increase in SAAS revenue showing last quarter was an aberration due to Covid despite claims by many and reduction in expected collection losses. Margins down a bit but if they get them back up over 70% it would add another $300k to the bottom line for the quarter. Very encouraging that they have $15 million in device orders waiting for customers to be ready. That is a fantastic book to bill ratio. If growth is only 3x next year and 2x the following year the stock will still be in the $4-$8 range.