Business
Kovo HealthTech Provides Initial 2022 Guidance:
$15 Million CAD/$12 Million USD ARR; 30% Year-Over-Year Organic Growth; Anticipated Adjust...
About this update from Kovo+ Holdings Inc
[{"type":"text","content":"Kovo HealthTech Provides Initial 2022 Guidance:$15 Million CAD/$12 Million USD ARR; 30% Year-Over-Year Organic Growth;Anticipated Adjusted EBITDA in the Range of 10%Vancouver, British Columbia--(Newsfile Corp. - January 24, 2022) - In its initial 2022 Guidance, Kovo HealthTech Corporation (TSXV: KOVO) (the \"Company\" \"Kovo\"), a leader in healthcare technology and Billing-as-a-Service (\"BAAS\"), is forecasting 30% year-over-year organic growth for the year ahead.In its initial 2022 Guidance, the Company is anticipating Pro Forma Revenues of $15,000,000 CAD ($12,000,000 USD), a 30% increase in year-over-year organic growth excluding additional acquisitions in 2022, with adjusted EBITDA expected to be in the range of 10%. The Company's focus in 2022 is to create synergies from previous acquisitions while leveraging its technology platform to add top and bottom line efficiencies. Accelerating Momentum in 2022\"In 2021, Kovo accomplished our public listing in June and quickly completed two, immediately accretive acquisitions. Because Kovo executed well on our acquisitional and financial strategy, we've met our 2021 Guidance goals and have now hit a milestone where the Company is generating consistent, ongoing revenues,\" explains Kovo CEO Greg Noble. \"In 2022, Kovo is focused on accelerating our momentum through organic growth and accretive acquisitions,\" he says. About Kovo HealthTech Corporation Kovo HealthTech Corporation is a growing healthcare technology company that specializes in Billing-as-a-Service offering SaaS-style recurring revenue contracts and software for more than 1700 US healthcare providers. Kovo helps healthcare providers digitally track and manage complex patient care registration, services, billing and payments in a seamless way, using its proprietary OneRev technology platform. Currently, through its clients, Kovo processes billing transactions for more than 3.5 million patients. By offering effective billing practices and technology through long-term SaaS-style contracts, Kovo helps healthcare practitioners get paid so they can focus on offering quality care. The Company posted 94% year-over-year revenue growth in the quarter ending September 30, 2021. To learn more about Kovo and to keep up-to-date on Kovo news, visit www.kovo.co For more information:Greg Noble, [email protected]...