Ethema Health Corp (GRST)

[Bubae]

What I said, as expected. Is that all you got from that post? I can tell you what to expect next week. It will be the same press release as always great revenue and they paid off more debt. Now, as usual another paid off debt boast comes after they borrowed even more to retire maturing debt. The revenue number for this very expensive business model will once again reveal very little profit. The Q2 2023 press release below boasting "...ARIA’s highest quarterly profit to date...". But wait, operating income was down 38% YOY. The Q3 numbers were full of the crazy property purchase, sale, leaseback deal and I don't expect to see clean numbers again until the Q1 filing. We will then see how bad the cash burn has become. Until then keep a watch for that reverse split. 😆



Ethema Executes Two Real Estate Transactions and Major Debt Repayment
July 17, 2023 09:34 ET
https://www.globenewswire.com/en/news-release/2023/07/17/2705721/0/en/Ethema-Executes-Two-Real-Estate-Transactions-and-Major-Debt-Repayment.html

The Company further reports that its ARIA subsidiary’s extremely strong results in April and May continued in June and overall revenue for the ARIA subsidiary will be approximately $1,450,000 for the quarter, which will result in ARIA’s highest quarterly profit to date. The second quarter results will be released before August 14, 2023.

For the quarterly period ended June 30, 2023
https://www.otcmarkets.com/filing/html?id=16878947&guid=kvN-kHadOtVaJth

Revenues
Revenues were $1,565,959 and $1,138,032 for the three months ended June 30, 2023 and 2022, respectively, an increase of $427,927 or 37.6%.

Operating Expenses
Operating expenses were $1,533,813 and $1,086,270 for the three months ended June 30, 2023 and 2022, respectively, an increase of $447,543 or 41.2%.

Operating income
Operating income was $32,146 and $51,762 for the three months ended June 30, 2023 and 2022, respectively, a decrease of $19,616 or 37.9%.