Vansanity

Q4 2020

founder @ Vansanity

Published on Jan 15, 2021

We ended 2020 with very strong results. Our revenues in Q3 were ~$11K, but jumped more than 6-fold to ~$70k in Q4. To be fair, about 50% of the revenues (low margin) were product sales thru our PFC Vansanity Medical Services, but these sales help increase the moat and defensibility of our business. 

In addition, we have restarted our efforts to find adequate space in Dallas, TX and given the weakness in the commercial real estate market, we're optimistic we can strike a favorable deal.

Finally, while we hope that the vaccine will roll out quickly thru Q1 and into Q2 2021, COVID is still raging (very true in Boston area). The post Holiday traffic has been tempered by the disease and we anticipate it will slightly affect our performance in the near term.

Having said that, we are extremely excited about 2021 and our provider clients are coming back at ~100% retention rates and increasing their business consistently.