Keep in mind the two types of revenue, per the filings:
- SaaS: The CareClix software system is used by certain third-party customers to service their telemedicine clients under written service agreements with CareClix, Inc.
- Telemedicine Revenue: Other customers of CareClix use the CareClix telemedicine platform directly to service their clients or members and the CareClix software maintains the record of the number of consultations and other work performed for the customer’s clients, using the CareClix contracted medical doctors, and CareClix bills the customer monthly for all services provided during the month, in accordance with the written agreement between CareClix and the customer.
It appears a large number of these deals are SaaS. I believe these " white label " deals are very low overhead/maintenance and very high margin. ( they already have developed the software platform and now just have to tailor it a little for the client ).
We will learn more as more filings come out.
