There were many stocks which ended the day with significant declines and one of those was the HealthSpace Data Systems Ltd (OTCMKTS:HDSLF). Although the company presented an update from its Chief Executive Officer Silas Garrison yesterday, the investors did not seem to be particularly impressed with what they saw and the stock suffered from a selloff.
The HealthSpace stock declined by as much as 8% yesterday amidst the selloff and it remains to be seen if the stock can actually manage to make a recovery today. However, at this point it is important for investors to perhaps take a look at the highlights that were provided by the CEO.
He noted that at this point the company has contracted ARR $4.8 million and in addition to that, there is another $0.33 million in the form of awarded bids. HealthSpace anticipates that it is going to get another $600,000 to $700,000 in the form of bids by the end of the year.
From January 1, 2020 up until August 31, 2021, the company managed to generate gross contract revenue to the tune of $8 million. While the highlights were not entirely poor, it seems that investors were expecting better.