our first live stream for the new year |
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for 2022 and we are starting off with |
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one of the hottest health tech companies |
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multi-billion dollar market |
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thousand percent or more and uh now it's |
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i think this 2022 could be relics here |
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you know a little bit i think was 90 |
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everything started working so i think 20 |
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about one of the key things that |
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december at did you it was two million a |
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okay so two million a month exit in 20 |
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uh in in 12 |
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last 22 okay so which is basically right |
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24 million run right annualized yeah |
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we've seen stocks trade at 50 x revenues |
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be trading at a billion dollar run rate |
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you got the 24 million runner plus you |
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|
little bit under 200 million shares out |
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yeah about 190 million fully diluted so |
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CARDINAL
about 190 million
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should be trading at five dollars like |
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significant growth and those and 75 |
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gross and 45 ebitda margins and so you |
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things that drive value one is you know |
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so cognizant is a 50 billion market cap |
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fortune 500 company i think their |
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fortune 186 number 186 um they're |
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definitely a blue chip stock 25 of their |
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and they integrate with 650 different |
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80 percent of blue cross blue shield's |
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healthcare space but they're one of |
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multi-billion dollar multinationals what |
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much more significant one right now |
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also important to realize last year 2021 |
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are you so am 87 is asking are you |
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well we want to put on 40 000 patients |
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multi-billion dollar multinational that |
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comparable services to 200 million |
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i think you know 5 000 10 000 you know |
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30 000 patients whatever the numbers are |
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|
but this is the year 2022 |
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|
|
know a million patients |
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|
|
there's a couple hundred people watching |
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CARDINAL
a couple hundred
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|
um yeah you're not the one who'd go to |
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|
gonna take that to mean first quarter of |
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|
|
22 that we could see something well you |
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|
going forward through 2022 and you know |
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|
market we've got a first mover advantage |
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|
was uh microsoft and phillips sort of 10 |
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|
15 years ago when they had a |
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|
i mean maybe six months from now a year |
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DATE
six months from now a year
|
|
take six months to a year but you know |
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DATE
six months to a year
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|
and you know year or two from now and |
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|
significant one followed by really |
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|
see that you know the first big contract |
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|
that one of these major major deals and |
3.76 |
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|
think probably one question that might |
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|
mean right now if you're doing 2 million |
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|
|
achieved in 2021 and then share our |
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|
|
outlook for 2022. |
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|
|
the multi-billion dollar healthcare |
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|
we have strong margins of roughly 75 |
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|
|
gross and 45 ebitda |
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|
|
and we expect to generate over 40 |
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|
|
million in revenue in the current |
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|
calendar year so calendar year 2022. |
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|
|
a million dollars in new revenue at over |
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|
|
75 percent margin by implementing a hugo |
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|
|
over 372 dollars per patient per month |
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|
|
and again we're only charging between 48 |
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|
|
um in the first half of 2021 |
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DATE
the first half of 2021
|
|
covet 19. |
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|
|
u.s health care in the second half of |
5.039 |
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|
|
2021 so as we'd said all last year the |
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|
|
the second half of 2021 and that's |
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DATE
the second half of 2021
|
|
second half of the year were able to |
3.039 |
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|
|
when we started in 2018 |
4.08 |
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|
|
clinician was around 59 per patient per |
4.959 |
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|
|
beginning of 2021 rather it was um |
4.961 |
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|
|
around 315 dollars per patient per month |
5.28 |
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|
|
by the end of the year was 372 |
4.96 |
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|
|
over 400 per patient per month so you |
4.4 |
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|
|
and can reduce costs by up to 5 |
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|
|
um in 2021 we saw a dramatic increase in |
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|
|
about two months later after they've |
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DATE
about two months later
|
|
of a sudden we get a call from six of |
3.2 |
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|
|
in 2021 we expanded into california |
3.919 |
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|
|
provide a pipeline of over 200 000 |
3.36 |
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|
|
we have about 500 000 patients under the |
4.161 |
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|
|
clear path to onboard 200 000 patients |
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|
|
by the middle of 2023 |
4.0 |
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|
|
um and that translates to about 120 |
3.521 |
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|
|
million in annual revenue at full |
3.041 |
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|
|
and that's at an average revenue of 40 |
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|
|
quarter ending september 30th 2021 |
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DATE
quarter ending september 30th 2021
|
|
by 192 percent uh relative to the |
4.64 |
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|
|
1.6 million at a gross margin of 72 so |
5.439 |
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|
|
so our outlook for 2022 and expect to be |
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|
|
point in 2022 and currently targeting |
4.72 |
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|
|
sort of the second half of the year but |
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DATE
the second half of the year
|
|
billing codes for 2022 so these are um |
4.321 |
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|
|
original target of roughly 37 million |
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|
|
50 million medicare and medicaid |
4.4 |
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|
|
and our strategy for 2022 is definitely |
4.319 |
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|
|
our target margins of 75 percent gross |
4.88 |
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|
|
and 45 ebitda which are very compelling |
4.0 |
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|
|
and we expect to generate revenues of 40 |
4.56 |
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|
|
million this year and we expect to |
4.64 |
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|
|
for 2022 we did at the end of 2021 |
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|
|
calendar year is 40 million |
3.12 |
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|
|
further into 2022 and have more sort of |
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|
|
updated guidance for 2022 and again as i |
4.481 |
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|
|
is uh 40 okay so so the projection is |
7.64 |
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|
|
for 40 million dollars in revenues |
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|
|
in uh 22 this year |
4.16 |
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|
|
we're in 22 now |
5.12 |
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|
|
uh so in actual actual revenues of 40 |
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|
|
million |
3.201 |
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|
|
know million patients or whatever what |
4.401 |
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|
|
gonna that 120 million revenue is gonna |
5.199 |
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|
|
five billion dollar valuation i mean it |
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MONEY
five billion dollar
|
|
could be you know ten dollars you know |
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|
|
ten dollars a share stock price and |
3.6 |
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|
|
could do 40 million this year again |
4.56 |
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|
|
you're a 24 million runner right now so |
4.8 |
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|
|
uh five years ago next week or the week |
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DATE
five years ago next week
|
|
reality is you know one of the i guess |
4.16 |
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|
|
downsides of being sort of first to |
4.16 |
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|
|
20 minutes worth of of conversation so |
6.16 |
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|
|
you know give you uh you know 50 million |
3.84 |
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|
|
know no one's going to get fired for for |
3.28 |
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|
|
know i don't know 20 a share |
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|
|
company's worth less than a billion |
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MONEY
less than a billion
|
|
billion dollar evaluation and and you |
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|
|
not you know one of of many companies |
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|
|
you know gold standard first to market |
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|
|
advantage and you know i think if one |
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|
|
lisa nothing below 20 a share |
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|
|
twenty dollars minimum |
4.16 |
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|
|
i think at one point you said well you |
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|
|
a three to five million dollar raise |
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MONEY
three to five million dollar
|
|
five you know five million that's only |
3.921 |
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|
|
you know what it'll be two million let's |
4.24 |
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|
|
call two million shares roughly and |
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|
|
that's like one percent of that's |
3.12 |
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|
|
nothing it's like that's one day's |
3.441 |
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|
|
think you know uh for one year |
5.2 |
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|
|
in 2018 was the billing codes were new |
4.24 |
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|
|
2018 we left it up to the clients to |
4.32 |
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|
|
collects at least you know 15 readings a |
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|
|
month or 16 readings a month which is |
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|
|
company who got caught in that first |
3.52 |
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|
|
1998 whatever it was like yeah you know |
5.04 |
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|
|
the internet was just like aol or 97 |
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|
|
whatever the video was like 97 it was |
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|
|
sudden uh two years later it was a whole |
4.32 |
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|
|
at the end of 2018 2019 i stripped us |
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DATE
the end of 2018 2019
|
|
back to just myself one of the |
3.841 |
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|
|
tier two let's say auditor to kpmg you |
4.88 |
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|
|
stock five years ago or something they |
2.879 |
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|
|
but one of the key things again with |
4.4 |
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|
|
about eight months of due diligence you |
3.52 |
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|
|
from what we were um back in 2018 |
4.161 |
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|
|
company is essentially in the next six |
3.599 |
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|
|
stock go you know five six dollars |
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|
|
bitterly disappointed by one month and |
3.441 |
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|
|
one so that creates too much volatility |
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|
|
having you know 40 000 patients as |
4.48 |
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|
|
opposed to 400 000 patients so you know |
4.72 |
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|
|
and no one outside the company is ever |
3.84 |
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|
|
one one of the questions i think we |
4.161 |
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|
|
first i want to just cover this question |
4.24 |
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|
|
uh does your 40 million dollar forecast |
5.2 |
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|
|
40 million revenues forecast 22 |
4.48 |
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|
|
okay so bottom line this 40 million |
4.64 |
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|
|
having five servers they drive they say |
2.961 |
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|
|
think their revenue last year was 16 to |
5.04 |
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|
|
20 billion dollars so us |
5.839 |
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|
|
one-off so you know going forward we |
4.721 |
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|
|
be a one-off going forward so you know |
4.241 |
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|
|
if we had a month where say we had 5 |
3.521 |
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|
|
million in hardware sales i don't want |
3.519 |
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|
|
they'll be one-offs as i say they won't |
4.0 |
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|
|
okay so so the 24 million dollar run |
4.879 |
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|
|
you know ten dollars because you know |
4.4 |
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|
|
right you're going to be doing your 40 |
3.84 |
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|
|
million dollar run rate this year so |
4.24 |
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|
|
health tech you know 50 x very possible |
4.16 |
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|
|
okay which is 2 billion |
6.52 |
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|
|
uh or next year at 23 2023 |
7.36 |
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|
|
120 million dollar run rate |
5.8 |
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|
|
let's say let's say it's only a 20 x |
4.16 |
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|
|
still going to have a two and a half |
4.0 |
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|
|
billion divided by 200 million shares is |
4.4 |
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|
|
roughly ten dollars a share if i did my |
3.52 |
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MONEY
roughly ten dollars
|
|
this is the path to ten dollars and |
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|
|
so it's one of those things um okay so |
3.52 |
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|
|
through one of them and about |
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|
|
15 months ago even and they kind of |
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|
|
which is responsible for 25 of all of |
4.48 |
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|
|
so bottom line is the path to twelve |
4.16 |
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|
|
you know as as uh 2022 unfolds |
5.041 |
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|
|
very excited about 2022. |
4.479 |
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|
|
in 22 as you know these stocks start |
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|
|
sorry one more question one last |
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|
|
30 days actually let's just say the |
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|
|
first 60 days between now and and |
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|
|