Monday, May 01, 2023 12:49:12 PM
https://ir.rennovahealth.com/press-releases/detail/335/rennova-health-inc-provides-update-after-filing-2022
https://audioboom.com/posts/8251354-rennova-health-rnva-is-featured-on-the-stock-day-podcast
INVESTORS ALERT BIG IMPROVEMENT
NO FUD
INVESTORS BE
AWARE OF NEGATIVE CAMPAIGN
PUT SELL ORDERS ABOVE $.50 SO THEY CAN'T SHORT YOUR SHARES
RNVA BULLISH BUY BUY BUY ALERT $$$$$$$$$$$$$$$
https://www.rennovahealth.com/
https://bigsouthforkmc.com/
From recently filed 10-k
Net revenues were $13.0 million for the year ended December 31, 2022, as compared to $3.2 million for the year ended December 31, 2021, an increase of $9.8 million. We attribute the increase in net revenues primarily due to retroactive and current billings and collections and increased inpatient admissions at our Big South Fork Medical Center. We began billing as a Critical Access Hospital in the three months ended June 30, 2022 retroactive to July 1, 2021.
Direct Costs of Revenues
Direct costs of revenues increased by $1.5 million for the year ended December 31, 2022 compared to 2021. We attribute the increase in 2022 primarily to higher professional fees and salaries and wages, partially offset by lower costs at Jellico due to the lease termination in March 2021. Professional fees increased due to greater inpatient admissions and to the restructuring of our relationships with certain professional service firms. Salaries and wages increased due to greater inpatient admissions, increased non-clinical staffing and reduced contract labor.
Loss from Continuing Operations Before Other Income (Expense) and Income Taxes
Our loss from continuing operations before other income (expense) and income taxes for the year ended December 31, 2022 was $1.4 million compared to a loss of $12.5 million for the year ended December 31, 2021. We attribute the decrease in the operating loss primarily to the increase in net revenues, the asset impairment charge in 2021 as well as the reduction in general and administrative expenses.
Recent RNVA News
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- Form 8-K - Current report • Edgar (US Regulatory) • 09/20/2024 08:15:22 PM
- Form SC 13D - General Statement of Acquisition of Beneficial Ownership • Edgar (US Regulatory) • 08/05/2024 08:15:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/17/2024 12:46:02 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:15:33 PM
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