TSXV:RHT.H - Post by User
Comment by
qwerty22on Dec 01, 2022 11:53am
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Post# 35143293
RE:RE:Down .14 wtf?
RE:RE:Down .14 wtf? I don't know. Revenue is not on any sort of trajectory that you'd expect a recurring income business model firing on all cylinders to deliver. Revenue growth is still anemic, problems clearly still need to be ironed out, and they aren't telling us what those problems are. There's no polishing that turd with good communication.
Hurricanes and tropical storms are never going to stop hitting southern USA and the Caribbean. Are they going to keep using that excuse for the failure of their business to take off? Maybe next Q it'll be the cost of living crisis, who knows.
They are signing up enough businesses, that's one thing they've been transparent about. Either there is a problem in converting contracts into on-boarded patients or there's a problem with converting on-boarded patients into revenue. Something doesn't add up yet.
I see this as still a problem of getting this business model working properly. Campbell said they'd had a couple of false starts. Is this another one? Or just a spluttering start? Impossible to know.
EdinColorado wrote: More from what is perceived as bad faith by management than anything inherently awful about the state of the company. It's moving along at a pace slower than promised and being reported, so nothing much is believed now. Communication matters.