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Bullboard - Stock Discussion Forum Avricore Health Inc V.AVCR

Alternate Symbol(s):  AVCRF

Avricore Health Inc. is a pharmacy service innovator focused on acquiring and developing early-stage technologies aimed at advancing pharmacy practice and patient care. The Company is involved in the business of health data and point-of-care technologies (POCT). HealthTab, its flagship offering, is a turnkey point-of-care testing solution that combines point-of-care technologies with a secure... see more

TSXV:AVCR - Post Discussion

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Post by lscfa on Jun 01, 2023 12:44am

Q1

No bloody explanation why revenues are down when devices deployed is up.

 

 

Devices

 

 

 

 

 

Qtr ending

Deployed

Revenue

Gross Profit

Margin

Cash expenses

Cfo

Q1 23

532

629,241

210,681

33.5%

235,940

(25,259)

Q4 22

416

977,235

168,845

17.3%

83,937

84,908

Q3 22

166

572,228

215,961

37.7%

262,632

(46,671)

Q2 22

53

176,175

56,874

32.3%

233,103

(176,229)

Q1 22

53

42,736

15,113

35.4%

172,113

(157,000)

Q4 21

20

35,190

9,317

26.5%

 

 

Comment by M1bmx115 on Jun 07, 2023 8:20pm
They make money from selling tests for the devices.  They've said in the past that their sales of tests are somewhat unpredictable.  I assume that's why revenue is down qoq.  Management has given us no reason so we're left to speculate. Management deserves a kick in the groin for the way they've handled this.  The stock was down 40% at one point after the ...more  
Comment by HobbyDigger2 on Jun 21, 2023 7:00pm
additionally the Options granted @20 only.
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