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VIDEO – HealthSpace $25M Pipeline, Record Revenues and Multiple Million $$ Contracts With Government Efficiency Software

Posted by AGORACOM-JC at 5:31 PM on Wednesday, February 23rd, 2022
Healthspace logo 300 x 100

If there is one thing we know about governments (local, state, Federal) it is they have lots of responsibility AND are hugely inefficient.  Who hasn’t had a bad experience with government departments a few times in their life? Much of it stemming from antiquated software systems that often fail to keep track of critical information.  

HealthSpace “is empowering governments efficiency” which in turn has powered them to become an industry leading technology company providing both enterprise and mobile internet-based applications to over 500 state, local and federal government organizations across North America.

More Than Just Lip Service

RECORD REVENUE:

●       $1.038M Q ending Sept 30, 2021. Up 66% vs 2021

●       ~$2.8M in 9 months revenue. Up 85% vs same period in prior year

●       $US 25M+ Sales Pipeline

MAJOR CONTRACTS:

●       Riverside County California (New)                                     $1.3M

●       Sacramento County California                                           $1.55M

●       Fraser Health, BC                                                                       $1.01M

●       Larimer County, Colorado and Ogle County, Illinois  $517,400

●       Anaheim Fire and Rescue Department                             $193,990

●       $340,000 in New Contracts with Health Canada, Johnson County, MO, Shelby County, TN and KFLA in Ontario

FINANCINGS:

●       $5.2 Million financings recently closed

On today’s interview we’ll be discussing, US$1.3 Million Contract with Riverside County, California.  This contract will add an average of US$148,000 in Annual Recurring Revenue not including future revenue anticipated as part of HSPay. 

What did HealthSpace CEO, Silas Garrison have to say?

“I am pleased to announce our first contract of 2022.  Fittingly, it is in California ; a market that we have served well and continues to look to us during a period of technology transition for environmental health departments across the state.  We appreciate the trust agencies all around California are placing in HealthSpace, and we look forward to much growth in the state, as well as the rest of the county, as we progress through 2022.”

Sit back, relax and watch this powerful interview.

VIDEO – HealthSpace Data Systems $HS.ca $HDSLF Aims to Redefine Government Efficiency with Explosive Growth & New Contracts

Posted by AGORACOM-AB at 2:26 PM on Saturday, July 10th, 2021
HealthSpace HS 300 x 300

If there is one thing we know about governments – whether it’s at the local, state, or federal level – it is that they can be hugely inefficient.

HealthSpace Data Systems’ (CSE: HS) (OTCQB: HDSLF) (Frankfurt: 38H) “empowering government efficiency” solution has led the firm to become an industry leading tech pioneer, providing both enterprise- and mobile internet-based applications to more than 500 state and local government organizations in North America, including in California, Missouri, Illinois, Wisconsin and Ontario.

In April, HealthSpace launched GovCall, a teleconferencing platform focused exclusively on the government market. The company now offers the only integrated product suite that incorporates inspection, administration and analytics across all platforms in North America.

  • cloud-based and mobile platform helps revolutionize every aspect of government regulatory work
  • including licensing and inspections, accounting, even disease surveillance

The company continues to go from strength to strength. Last month, CEO Silas Garrison presented a sizable corporate update, outlining:

  • a strong start to the year: US$3.8M in new deals in Q1 2021 and US$5.6M in deals since the year’s start
  • Anticipate achieving US$8M in ARR under contract within the next 6-9 months.
  • This past December $HS raised more than CAD$6M million in equity. 
  • Will be used to deal with more aggressive R&D and feature development strategies, as well as handle the increasing volume of customers
  • $HS has doubled the number of team members over the last 9 months, with over 30 new hires, and has 74 full-time team members today
  • Paul Victor joined as our Head of Engineering in March
  • Chirag Bhatt joined the team in May as Director of Regulatory Affairs for Environmental Health. 
  • The total pipeline of deals stands at over US$22M, expected to close over the next 12-18 months.
  • Since last corporate update in Nov 2020, $HS has converted approximately US$7.3m of the pipeline to either signed or contract awards. 
  • Annualized, this is an 80% conversion rate from the pipeline (contract numbers, not by dollars).  As of today, the pipeline represents the addition of US$6.8M in new deals added to the pipeline in 2021.
  • The deals in this pipeline are of all sizes, ranging from US$9,000 to over US$5m.

We sat down with him to talk through the company’s progress and look ahead to 2022 and beyond.