Empower Clinics Inc EPWCF

Empower Clinics Receives Repeat Order For 5,000 Test Kits

[AwareInvestor]

Empower Clinics this morning announced that it has received a notable purchase order for its Kai Medical Laboratory subsidiary. The purchase order, anticipated to be in excess of $750,000, is for COVID-19 RT-PCR tests.

https://thedeepdive.ca/empower-clinics-receives-repeat-order-for-5000-test-kits/

[Smokey1958]

Once again Steve's projections and the growth of the company are both transparent and SPOT ON! With this announcement and without considering ANY other aspect of Empower he has taken this company from an entity that would have had a projected annual revenue of around $600 thousand based on Q1 2019 to a $4 million growing enterprise by Q1 2020 to $10 million annual projections by the end of

[inviolablspirit]

Of course there will be people that will complain and/or compare the number of tests to other companies.  So and so company just got 20 000 tests or 30 000 tests, but that company only makes $25 per test as they must share cost between a number of different companies including a lab, whereas CBDT makes $150 per test and therefore is still making more money at 5000 tests than a company at 20

[inviolablspirit]

Also keep in mind that Steve with then take that $750 000 and use it to build out several more clincs, each with a capacity to bring in about $3 000 000 each.  He'll take that money and turn it into 5x, 10x, 15x or more in revenue. 

[inviolablspirit]

Just to add an some additional thoughts, I remember when $750 000 was Empowers year-end financials.  lol  Then it became the level of their quarter financials.  And now it's additional money on top of several revenue streams helping to fuel an expansion.  Steve and his team have excelerated the growth of this company in such a short time.  

[GalAnonymous]

I was just going to say that :) I remember the times when quarterly financials were released and I was happy we were getting closer and closer to a million and look at us now! Also, let's not underestimate the power of repeated orders and satisfied customers. It's just a waiting game, as Steve said:  "We are on a path, a trajectory towards building a great health and

[maryhill]

This post has been removed in accordance with Community Policy

[Smokey1958]

What do you mean this is not new business? Of course it's new business. It may not be a "new customer" but that's not the issue. They have already clearly stated what the revenue will be from this. Why does it matter if the revenues are lower for these tests? It's still REVENUE. WHAT was the intent and point of your post? If you have shares you should be excited the

[jrk8888]

They replaced the nasal swabs months ago. Not surprised about test price drop, lots of competition. It's why Steve hired a marketing agency. Note that Empower owns their tests and not just a reseller, hence a better margin. Think there is still a lot of potential revenue in testing, but hard to predict and possibly being discounted to a certain extent. Revenue from integrated health centers