Monday, October 14, 2019 9:01:09 AM
How many procedures per quarter allows this company to break even assuming a $100,000.00 monthly cash burn rate?
Do we have a gross cash to company procedure number yet? Maybe even a net cash per kit estimate?
Something like $49000 came from 100 procedures yielding $490 per procedure so we need 800 to 850 procedures per quarter or if spread across 7 clinics then we need about 1 procedure at $490 yield per day of month average per clinic to roughly break even with around $308k per quarter.
Anyone have better numbers we should use and can see the benefit of knowing this?
The reason I ask is because we are doing that sweepstakes, or whatever it is... Say 20000 subscribers (ignore readers of mag in office / clinic waiting rooms or online). Assume a 25% response rate of people who would give their contact info (nice database there) and take the procedure if it were free or discounted as a prize. This yields 5000 potential clients who would possibly take the procedure if the price was right. If 20% of those don't win, but decide to take advantage of a sale post sweepstakes that would yield around 1000 procedures possibly falling in 2020 Q1...AND that's using a 5% response of the 20,000 with about a +- 3% margin for error.
I guess my question is: Can we get specific per procedure profit numbers so we can know how exciting even 1 new clinic could be? How exciting it should be when we treat our 1000th customer? Our 10,000th customer served? I think Q4 is where we should start ironing this detail down...
-Go CELZ$$$
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