CEO Ronnie stated? LOL! Where are the financials showing what CEO Ronnie stated. They don't exist. Nobody cares what the MDHI CEO Ronnie states anymore. CEO Ronnie has lost all credibility. He's destroyed shareholder confidence and destroyed shareholder value. His CC was a disaster and there are still no financials showing all this profitability he's been talking about. Medipendant sales have been disappointing through the years. The technology is aging and there have been no plans announced for any updates. The competitors control the market share and are updating their technology. Yeah, things are just peachy in MDHI land.
I think you need to re read what he was actually talking about
it was 2.4 million in REVENUES and teh year was fiscal year 2014 starting in July 2013.
given they did just 90,0000 revenue from the first quarter of Costco sales and sold less than 1000 units through costco (with MRR) in 2012 they have to ship a ton of systems to this "insurance company" to have any hope of getting close to that revenue number.
I wonder what head count he is assuming as well when he projects that figure, Probably so many they still will not make a profit.
You can turn $24m a year revenue and still not be profitable.