Q: Have you heard of microcap nurs.v ? If so what do you think about their growth plans?
5i Research Answer:
After a big stock surge over the last year, the company is now in the process of raising money. It operates a network of mobile health clinics in the US, with 2,500 nurses, 100 doctors and a pharmacy network across 50 states. It has no analyst coverage and a revenue base of about $20M to $26M annually ($6.4M in the last quarter, up 54%). It has a partnership and plans to spend $10M on growth initiatives in the patient care market. This is not one we know well. Risks are high, and the stock is down 25% YTD. We would like to see higher revenue and cash flow here.