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Bullboard - Stock Discussion Forum Medivolve Inc MEDVF

Medivolve Inc. is a Canadian healthcare technology company. The Company and its subsidiaries, Medivolve Pharmacy Inc. (doing business as Marbella Pharmacy) and Kedy Ying Jao D.O., a Medical Corporation, operate a distributed network of two retail patient-care locations in California, United States. It has two business units: Medivolve Pharmacy Division (MPD) and Medivolve Clinic Services... see more

OTCPK:MEDVF - Post Discussion

Medivolve Inc > All that revenue
View:
Post by Robotme on Apr 04, 2022 6:12pm

All that revenue

And they're still bleeding out hard losses. What disgusting margins to still be losing money.
Comment by SY3XElon on Apr 04, 2022 6:21pm
They had a ton of debt. Cut it from ($37,777,656) in 2020 to ($6,610,524) in 2021. Accounts receivables of $55,314,642 as of December 31st 2021 will wipe out the loss on the next report in May since the receivables will be collected as they are running 90 to 120 days to collect. I can't recall the exact number of receivables they expect not to collect to due return errors from insurance ...more  
Comment by Robotme on Apr 05, 2022 6:17pm
Maybe they'll collect, maybe not. A loss for the year is gnarly bad.   
Comment by Catspajamas on Apr 05, 2022 7:17pm
it's like you, and many others, can't even read. Not surprised.
Comment by SY3XElon on Apr 05, 2022 8:45pm
The financials are audited. They said the non payable via insurance is marginal. Report ended for December 31st and they filed it on March 31st. There is 3 months in between where all the receivables came in otherwise an outside company paid to audit financials would not have put that in the report
Comment by Icekold on Apr 05, 2022 8:59am
disgusting margins lol you are no accountant . Q4 rev was 45 mil , profit was 23 mil yup that looks like pretty disgusting doesn't it lol. What are the the revs and at gcac , lol oh yah zero.lmfao
Comment by Teamee on Apr 05, 2022 9:44am
SHE WANTS TO INVEST IN THIS ALLFIT? GOOD OR BAD/?
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