Ethema Health Corp (GRST): I would have to agree with your quote. T...

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Re: Sade123 post# 39470

Wednesday, 12/01/2021 11:42:14 AM

Wednesday, December 01, 2021 11:42:14 AM

I would have to agree with your quote. The fact is the lease produced more net earnings per quarter than ARIA. Q2 earnings reflects the usual net earnings from the leased property and Q3 balance indicates what ARIA added to it. Very simple read from the filed reports. Lets face it, net is what matters, not gross billings. The CEO himself wasn't crowing about "revenue" in the Q3 press release for good reason.

The things being said on this board I swear

https://sec.report/Document/0001721868-21-000835/

Revenues $ 866,432 Period ended September, 31 operating income $118,964.

https://sec.report/Document/0001721868-21-000524/

Revenues $ 96,158 Period ended June, 30 operating income $65,554

https://www.globenewswire.com/news-release/2021/11/23/2339427/0/en/Ethema-Releases-Third-Quarter-Results.html

"...Revenue is recorded based on the adjusted gross billing for the period. The facility has been averaging a net collection of gross billings at a rate of approximately 13%..."

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