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Healthcare

Premier Health of America Inc. is a Canadian healthtech company. The Company provides a comprehensive range of outsourced service solutions for healthcare needs to governments, corporations, and individuals. The Company uses its proprietary LiPHe platform to lead the healthcare services sector in digital transformation to provide patients with more accessible care services. The Company operates... see more

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TSXV:PHA - Post Discussion

Premier Health of America Inc > Reports Revenues of $66.6M for FY2021

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Post by Betteryear2 on Dec 21, 2021 4:20pm

Reports Revenues of $66.6M for FY2021

MONTREAL, Dec. 21, 2021 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (the “Corporation”), a leading Canadian Healthtech company, announces it has filed its Audited Consolidated Financial Statements and MD&A for its fiscal year ended September 30, 2021.

Summary

The Corporation had revenues of $17.6M for the fourth quarter period ($66.6M for the 12-month period compared to $20.7M for the same period in 2020, a material increase attributable to the consolidation of the Code Bleu and Solution Nursing acquisitions as well as organic growth)
The gross margin for the quarter was 25.1% (24.4% average for the 12-month period), in line with our long-term target of 25%.
EBITDA(1) for the quarter was $1.7M ($5.9M for the 12-month period compared to $2.1M for the same period in 2020).
Net income was $0.6M ($1.5M for the 12-month period compared to $27,921 for the same period in 2020).

“Fiscal 2022 will be determinant on many fronts for Premier Health as we expand our activities in other provinces,” said Martin Legault, CEO of Premier Health. “We also anticipate stability in demand for our services in the short term and over what we anticipate to be a fairly long post-pandemic recovery period considering recent developments.”

https://www.globenewswire.com/news-release/2021/12/21/2356401/0/en/Premier-Health-Reports-Revenues-of-66-6M-for-FY2021.html

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Comment by profitprophet1 on Dec 21, 2021 4:48pm

The numbers look to be slight beats on the guidance provided a month and a half ago. Hopefully we'll get word on a sizeable acquisition soon---Ontario maybe.Nice to see the margins improving.

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Comment by colourama on Dec 21, 2021 5:29pm

Do I misread, or is their 12 month net income line for 2021 wrong? I believe it should be $2,822,600 for the fiscal year. With about 53 million share outstanding, this works out to about 13x trailing earnings. Lots of shares being given away at this price.

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