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Rennova Health Inc. (RNVA)

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RENNOVA HEALTH GIVES FINANCIAL UPDATE ON 2018

 

WEST PALM BEACH, Fla. (February 20, 2019) – Rennova Health, Inc. (OTC: RNVA), (OTC: RNVAW), (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that acquired its second rural hospital in Tennessee on June 1, 2018, announces that its 2018 revenues demonstrate continued growth momentum.

Rennova is pleased to announce preliminary net revenues for the year ended December 31, 2018 of approximately $15.3 million. This number remains subject to final review and potential adjustment before the annual financial statements are filed. This represents an increase of approximately $10.7 million from the reported net revenues for 2017. This preliminary revenue includes operations of Rennova’s second hospital in Jamestown, Tennessee, which it acquired on June 1, 2018. The Company continues to take a conservative position on revenue recognition in hospital operations and will maintain this position until we have adequate historical information to evidence total collection rates.

“We believe that 2018 was a pivotal year and expect our business model for the rural hospital sector to deliver profits and significant growth for Rennova in the coming years,” said Seamus Lagan, CEO of Rennova. “We expect increased revenue in 2019 from ownership of existing facilities for the full year and continue to analyze additional acquisition opportunities with an expectation that one or more will be accomplished in 2019. We expect to file our 2018 financial statements on time and look forward to providing a further update when filed.”

 About Rennova Health, Inc.

Rennova operates two rural hospitals in Tennessee and provides industry-leading diagnostics and supportive software solutions to healthcare providers. Through an ever-expanding group of strategic brands that work in unison to empower customers, we are creating the next generation of healthcare. For more information, please visit www.rennovahealth.com.

 Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Actual results may differ from expectations and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “continue,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Additional information concerning these and other risk factors are contained in the Company’s most recent filings with the Securities and Exchange Commission. The Company cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Contacts:

 Rennova Health, Inc.

Sebastien Sainsbury, 561-666-9818

ssainsbury@rennovahealth.com

 



Read Corp's Grim History of Reverse Splits: 

1 for 12 reverse split 07/25/2006 
1 for 5 reverse split 06/17/2011 
1 for 10 reverse split 11/03/2015 
1 for 30 reverse split 2/23/2017 
1 for 15 reverse split 10/6/2017 (two in a year!) 
1 for 500 reverse split 11/13/2018 
1 for 10000 reverse split pending
https://www.otcmarkets.com/stock/RNVA/security
Business Description
Rennova Health, Inc. is a vertically integrated Public Company that provides industry leading Diagnostics and supportive software solutions to healthcare providers.
Contact Info
  • 400 S. Australian Avenue
    Suite 800
    West Palm Beach, FL 33401
RNVA
Current Price
Volume:
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RNVA News: Initial Statement of Beneficial Ownership (3) 04/15/2019 04:17:01 PM
RNVA News: Current Report Filing (8-k) 04/10/2019 04:32:11 PM
RNVA News: Current Report Filing (8-k) 04/05/2019 05:07:27 PM
RNVA News: Current Report Filing (8-k) 04/04/2019 05:03:23 PM
RNVA News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 04/01/2019 04:17:16 PM
PlusOneCoin Top Posts
#74951   Much Much higher my friend. When the Benwahsauce 04/18/19 06:11:20 PM
#74863   When you see people playing penny slots do bar1080 04/17/19 01:05:25 PM
PostSubject
#74951  Sticky Note Much Much higher my friend. When the Benwahsauce 04/18/19 06:11:20 PM
#65328  Sticky Note <<< Reverse Split: >>> Proposal 2: To approve bar1080 09/05/18 08:09:35 AM
#75030   $RNVA - next full fiscal year should have Backstabbed 04/21/19 01:30:45 PM
#75029   $RNVA traded 1,894,157,959 shares since April 3rd, 2019! Backstabbed 04/21/19 01:19:04 PM
#75028   $RNVA - Item 8.01 Other Events. Backstabbed 04/21/19 01:01:58 PM
#75027   $RNVA - Assuming O/S is 10B shares, and Backstabbed 04/21/19 12:58:56 PM
#75026   I am looking forward for great news this stju1979 04/21/19 12:16:21 PM
#75025   Great advice that very few on either side Magister 04/21/19 11:14:26 AM
#75024   Well said deadjim. Factor Finder 04/21/19 10:50:48 AM
#75023   RNVA$$.. about to run from here.. good days Abbas14 04/21/19 01:52:54 AM
#75022   Best thing is to move on. If you deadjim 04/20/19 10:31:50 PM
#75021   Every penny stocks has risks. This company (RNVA) stju1979 04/20/19 10:32:13 AM
#75020   So many people have said that over the Factor Finder 04/20/19 10:19:52 AM
#75019   Last year they filed late on their annual stju1979 04/20/19 09:07:08 AM
#75018   I mean no pun intended. Your opinion sound stju1979 04/20/19 09:01:59 AM
#75017   You are beginning to sound like me. Hehe! stju1979 04/20/19 09:00:26 AM
#75016   RNVA$$$. Planning to add 100 millions Abbas14 04/20/19 01:31:46 AM
#75014   I think I remember that he had a trader59 04/19/19 10:44:10 PM
#75013   Here I found it >>>>>>> stju1979 04/19/19 10:20:33 PM
#75012   Someone mentions, ahole can't max 10B otherwise he stju1979 04/19/19 10:04:58 PM
#75011   Remember CASH burn rate is very important but stju1979 04/19/19 09:46:13 PM
#75010   SEE POST 74992, and POST 74988. I agree stju1979 04/19/19 09:42:21 PM
#75009   Rennova has a continuing operational deficit (ie - trader59 04/19/19 09:21:07 PM
#75008   It's like betting on a sport game. Do stju1979 04/19/19 08:40:11 PM
#75007   Let's be honest 90% likely RS prior to WHITTENHALLJR 04/19/19 07:02:19 PM
#75006   They have been going at it since last Backstabbed 04/19/19 06:50:17 PM
#75005   I wish I could believe that Cinderella story WHITTENHALLJR 04/19/19 05:57:30 PM
#75004   "I’m also betting that “somebody” is forcing another Ferdenando the Bull 04/19/19 04:12:42 PM
#75003   That would be amazing wouldn't it? mikewazowski 04/19/19 03:40:26 PM
#75002   RNVA$$$... oh my my .. news canceling RS. Abbas14 04/19/19 03:35:46 PM
#75001   RNVA$$.. .0001 being bought up so Abbas14 04/19/19 02:25:18 PM
#74999   Lol no worries! $RNVA$ Beano1969 04/19/19 02:01:59 PM
#74998   Sorry, english is my second language. LOL. stju1979 04/19/19 01:59:33 PM
#74997   STAMPEDE https://tse2.mm.bing.net/th?id=OGC.ca5823d68d4e2aa87e83d2efb3631b5c& Beano1969 04/19/19 01:50:25 PM
#74996   Agreed betterdaze 04/19/19 01:29:03 PM
#74995   Cash cows are going to rampage RNVA MB. LOL. stju1979 04/19/19 01:20:45 PM
#74994   :-D $RNVA$ https://tse1.mm.bing.net/th?id=OGC.ce8fee9686a43730b674983cdde72f Beano1969 04/19/19 01:14:28 PM
#74993   Tennessee's hospital market DD!!! drocka14 04/19/19 01:13:57 PM
#74992   Enjoyed your mixed metaphor ;) 12yearplan 04/19/19 01:10:21 PM
#74991   Maybe wrong stock but wrong timing. stju1979 04/19/19 01:06:26 PM
#74990   Maybe wrong stock but wrong timing. stju1979 04/19/19 01:06:25 PM
#74989   Its true statement, but if the revenue is stju1979 04/19/19 01:04:30 PM
#74988   Cows will come when he gets his shit stju1979 04/19/19 12:56:46 PM
#74987   For some odd reason, I feel like something Backstabbed 04/19/19 12:43:04 PM
#74986   You got into the wrong stocks Backstabbed 04/19/19 12:41:22 PM
#74985   Best to be ready and buy at this Backstabbed 04/19/19 12:41:05 PM
#74984   All stocks take a nosedive if dilution is Backstabbed 04/19/19 12:40:01 PM
#74983   You can already see that the buying is Backstabbed 04/19/19 12:39:30 PM
#74982   I am big time online sport gambler. Dam stju1979 04/19/19 11:53:26 AM
#74981   By the time the oppty present, you will stju1979 04/19/19 10:30:35 AM
#74980   That's because most companies in pinkyland are shitty stju1979 04/19/19 09:45:44 AM
#74978   I also have never made money after a betterdaze 04/19/19 09:42:12 AM
PostSubject