Financials

Basics

• Cash balance is $1.12M
• Burn rate is ~$38K per month (up 8k/month)
• Runway is at ~34 months at current burn

Earnings

• Revenue Run Rate (RRR) = Annualized Recurring Run Rate (ARR) = Last Month Revenue * 12 = $5,257 * 12 = $63,084 up from $16,704 last quarter
• $7,980 in revenue earned this quarter, breakdown below

Revenue by month and source

Interest Income

• $13,958 in interest income from treasury yield in Q2, 2024

Product

Performance

Tripled unique patients reached (15K) and total interactions facilitated (40K). All time processed volume grew to ~$342K USD through our platform in patient payments, a 2.4x increase from the previous quarter.

Volume processed by month and source

Capabilities

• Revamped & launched the payment terminal with the ability to create and manage subscriptions, manage items, log cash payments, accept insurance payments, pass processing fees to customers, add discounts, send receipts over texts, and other major workflows for refunds, adjustments, and write-offs
• Put physical point of sale terminals into production
• Enabled physical mailing so users can send physical mail with just one click