I am not sure. What I don't know, is how much o
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Posted On: 05/06/2021 2:43:13 AM
Re: Puravida19 #19533
I am not sure.
What I don't know, is how much of that $4.45 Billion is QMC involved with. From QMC's filings, we know that revenues are expected to start 4th quarter fiscal year 2021 (Apr - Jun).
Innova has a total of 7 contracts that I can find publically. *Keep in mind, these are just from public contracts from the UK.Gov website, and does not include any other contracts Innova was granted* :
3 of these contracts have been around since Jan 26th, 2021, adding up to $1,147,985,155.14 dollars. If QMC is now expecting revenues 4th quarter 2021, then I am not sure if they were making money from these three contracts.
*QMC PR with Innova was released on Aug 2020, so perhaps QMC is making money off the three mentioned. Just odd to me that revenues would now just be starting*
The 4 most recent contracts that started from March 23, 2021, totals to $1,603,973,707.32 dollars. It would be safe to say that QMC is making money from these, either through QMC HealthID, or any of the other technologies/services you listed.
Just going by the contracts alone:
If QMC made 1% off of the first 3 contracts, that would come to $11,479,852.
If QMC made 1% from Innova's 4 most recent contracts, that would equate to $16,039,737.
Total: $27,519,589.00
If we would to use the $4,450,368,000 figure as recently reported, 1% of that would be a total of $44,503,680.00
QMC did say that revenues would be modest at first, and while I don't know what their definition of "modest" is, mine is between $500k to $5M. I hope to be wrong and pleasantly surprised.
What I don't know, is how much of that $4.45 Billion is QMC involved with. From QMC's filings, we know that revenues are expected to start 4th quarter fiscal year 2021 (Apr - Jun).
Innova has a total of 7 contracts that I can find publically. *Keep in mind, these are just from public contracts from the UK.Gov website, and does not include any other contracts Innova was granted* :
Quote:
1.) Awarded value £496,080,000
Awarded supplier INNOVA MEDICAL GROUP INC
Publication date 26 November 2020
2.) Awarded value £103,600,000
Awarded supplier INNOVA MEDICAL GROUP INC
Publication date 2 December 2020
3.) Awarded value £225,971,003.41
Awarded supplier INNOVA MEDICAL GROUP INC
Publication date 26 January 2021
4.) Awarded value £727,614,408.80
Awarded supplier INNOVA MEDICAL GROUP INC
Publication date 30 March 2021
5.) Awarded value £136,704,525
Awarded supplier INNOVA MEDICAL GROUP INC
Publication date 29 April 2021
6.) Awarded value £136,800,000
Awarded supplier INNOVA MEDICAL GROUP INC
Publication date 29 April 2021
7.) Awarded value £152,487,013
Awarded supplier INNOVA MEDICAL GROUP INC
Publication date 23 March 2021
https://www.contractsfinder.service.gov.uk/Search/Results
3 of these contracts have been around since Jan 26th, 2021, adding up to $1,147,985,155.14 dollars. If QMC is now expecting revenues 4th quarter 2021, then I am not sure if they were making money from these three contracts.
*QMC PR with Innova was released on Aug 2020, so perhaps QMC is making money off the three mentioned. Just odd to me that revenues would now just be starting*
The 4 most recent contracts that started from March 23, 2021, totals to $1,603,973,707.32 dollars. It would be safe to say that QMC is making money from these, either through QMC HealthID, or any of the other technologies/services you listed.
Just going by the contracts alone:
If QMC made 1% off of the first 3 contracts, that would come to $11,479,852.
If QMC made 1% from Innova's 4 most recent contracts, that would equate to $16,039,737.
Total: $27,519,589.00
If we would to use the $4,450,368,000 figure as recently reported, 1% of that would be a total of $44,503,680.00
QMC did say that revenues would be modest at first, and while I don't know what their definition of "modest" is, mine is between $500k to $5M. I hope to be wrong and pleasantly surprised.
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