VIDEO - HealthSpace $25M Pipeline, Record Revenues and Multiple Million $$ Contracts With Government Efficiency Software
posted on
Feb 23, 2022 05:32PM
Announces Acquisition Agreement Valuing the Company at $33.3 Million
If there is one thing we know about governments (local, state, Federal) it is they have lots of responsibility AND are hugely inefficient. Who hasn’t had a bad experience with government departments a few times in their life? Much of it stemming from antiquated software systems that often fail to keep track of critical information.
HealthSpace “is empowering governments efficiency” which in turn has powered them to become an industry leading technology company providing both enterprise and mobile internet-based applications to over 500 state, local and federal government organizations across North America.
More Than Just Lip Service
RECORD REVENUE:
● $1.038M Q ending Sept 30, 2021. Up 66% vs 2021
● ~$2.8M in 9 months revenue. Up 85% vs same period in prior year
MAJOR CONTRACTS:
● Riverside County California (New) $1.3M
● Sacramento County California $1.55M
● Fraser Health, BC $1.01M
● Larimer County, Colorado and Ogle County, Illinois $517,400
● Anaheim Fire and Rescue Department $193,990
● $340,000 in New Contracts with Health Canada, Johnson County, MO, Shelby County, TN and KFLA in Ontario
FINANCINGS:
● $5.2 Million financings recently closed
On today’s interview we’ll be discussing, US$1.3 Million Contract with Riverside County, California. This contract will add an average of US$148,000 in Annual Recurring Revenue not including future revenue anticipated as part of HSPay.
What did HealthSpace CEO, Silas Garrison have to say?
"I am pleased to announce our first contract of 2022. Fittingly, it is in California ; a market that we have served well and continues to look to us during a period of technology transition for environmental health departments across the state. We appreciate the trust agencies all around California are placing in HealthSpace, and we look forward to much growth in the state, as well as the rest of the county, as we progress through 2022."
Sit back, relax and watch this powerful interview.