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gilead23

05/13/22 10:46 AM

#97447 RE: Knowledge is King #97445

HHS results looked really good to me

One side note: It’s a mystery to me that labor costs were somehow down YOY.

nelson1234

05/13/22 10:56 AM

#97448 RE: Knowledge is King #97445

HHS in the conference call, they stated that 2022 revenue growth will be flat to moderately up... first half weighted (due to covid biz), and 2022 profitability will be greater than 2021. They expect margins will continue to expand some. There were about $10 million in revenues in 2021 for their short-term Covid business, and expect about $5 million of that to continue into 2022 (first half weighted,, and some of that hit q1). They believe they have enuf strength in their pipeline to replace the Covid biz (along with some new customers they have). And going a tad farther forward, as some of their leases continue to expire, they believe the will be able to save more money on new lower leases (they already had done some of this, but some more going forward).