Rennova Health Inc (RNVA)

[nfrequent]

RNVA should show continued revenue growth in Q2 with some cost of services increase due to staffing up the Oneida Myrtle Recovery Center. Revenue from new billings and payments from Myrtle Recovery will lag 30 to 60 days, so don't be alarmed if the Q2 P/L is not quite as good as Q1. The Big South Medical Center swing bed operational expansion will be more turnkey, meaning the positive impact of revenues on the P/L will be near immediate (as indicated by the press release). All that adds up to huge revenue and earnings increases in Q3 and Q4 (year over year and quarter to quarter).

RNVA is on track for a profitable 2023. To the extent RNVA manages to reduce debt on favorable terms, thereby showing a profit smaller than the EBIDTA, all the better..., though the bears will complain either way.