Bullboard - Stock Discussion Forum HS Govtech Solutions Inc HDSLF

Technology Software - Infrastructure

HS Govtech Solutions Inc. is a Canada-based software-as-a-service company. The Company's principal business activity is the development and sale of information and communication management systems for health inspection departments of federal, provincial, state, and municipal governments in Canada and the United States of America. The Company is focused on providing an efficient data and... see more

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HS Govtech Solutions Inc > HealthSpace Update From CEO

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Post by waves1 on Aug 31, 2021 4:41pm

HealthSpace Update From CEO

HealthSpace Data Systems Ltd. ($HS.CN , $HDSLF) is the leading provider of SaaS applications for government with its core mission aiming to help make government more efficient.

Notable services include:

HSCloud, a fully configurable cloud platform for government agency data management
HSPay, a mobile and online payment platform for government revenue collection

Their CEO announced their highlights for the end of August which are:

Current contracted ARR US$4.38M with an additional $0.33M in awarded bids and anticipated $600-700K by year end
US$8M gross contract revenue signed or awarded from Jan 1 - Aug 31 2021, an increase in 78% from 2020
Successfully launched GovCall resulting in increases of up to 20% in ARR

$HS has increased the size of their sales and business development team three fold over the course of the past year and is trading at $1.06 CAD with a MC of $38.52M

News Article: https://www.newswire.ca/news-releases/healthspace-presents-an-update-from-its-chief-executive-officer-842712612.html

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