27mil loss 1st 6 months compared to 15mil last year, revenue increase claimed but had the exchange rate remained the same, revenue is down 13mil, cash burn continues of 18 mil, President of North America targeted as scapegoat and terminated....not trending well.....and OH still hanging on to 'in line with expectations'
Does not look like markets are impressed - and why should they? Releasing a new software is easy ... the difficult task is to convince clients to take the plunge (and something like that is a huge commitment and risk for any client), integrate the software with the clients systems and to help them to generate value. I don't know - maybe Orion Health has the capacity, capability and stamina to change the world of health - they certainly have my best wishes!
However - so far however there seems to be insufficient evidence to convince the markets (and - while I don't always understand market reactions ... I can see in this case why).
Some minor support for the share seems to be now at $2.95, but I am not sure, whether this is already the end of the slippery slope ...
Discl: not holding (who would have guessed);
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"Prediction is very difficult, especially about the future" (Niels Bohr)
Game changing???? Announcing new products doesn't stop the bleeding of losses and cash burn, quite the opposite. North America revenue was the BIG hype with very poor performance. If not for the exchange rate factor, revenue declined.
Post it on the PEB thread
Originally Posted by kiora
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