--00000000000082dc9d05bcb7f7cd Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Is the revenue in the P&L on a cash or accrual basis? I think that explains the monster January, right? Didn=E2=80=99t you receiv= e a $300k payment? Lucas On Thu, Mar 4, 2021 at 10:37 AM Timothy Thomas wrote: > Hi Lucas, > > Regarding revenue, in February, some of our government work began > transitioning from care facilities to vaccination work with revenue > temporarily slipping. Additionally there were only 28 days in February. > > Business is strong this week. We expect another jump week next week as we > ramp back up with our vaccination work and a strong month of March. > > The nature of working with government and institutional clients on the > staffing side is certainly the timing and unevenness of payments. > > Best, > Timothy. > > > >> *From: *Lucas Motro >> *Subject: **Re: February 2021 Reports* >> *Date: *March 4, 2021 at 9:09:45 AM GMT-5 >> *To: *Randi Schapira >> *Cc: *Yarona Marks , Tim Thomas > tthomas@homecareassistance.com>, Angela Mak , >> Mike Schantz , Sridevi Ruddaraju > srudd@homecareassistance.com> >> >> Randi, Tim, and Timothy, >> >> Is second part of this explanation just that this is cash basis and that >> your collections are lumpy? I know that your staffing service line makes >> lumpy payments. This is unique from our US business. I specifically reca= ll >> that you had a large payment come in during the last week of January aft= er >> we closed. >> >> Weekly revenue should be in the 170k-180k range on an accurals basis, >> right? So, believe we should be looking at ~$730 monthly on an accruals >> basis? >> >> Thanks for any color there. >> >> Best, >> Lucas >> >> On Thu, Mar 4, 2021 at 8:51 AM Randi Schapira >> wrote: >> >>> Hi Yarona, >>> >>> So I looked at the January numbers and realized that there were some >>> corrections to be done with the December cut-off. >>> >>> I'm sending you the updated January reports. Hope this does not cause >>> too much trouble for you. >>> >>> Also, I have adjusted February for the prepaid insurance that was not >>> done. So here are a few of the updated February reports as well. >>> >>> Please let me know if you need anything else or have any questions. >>> >>> Regards, >>> Randi >>> >>> >>> On Thu, Mar 4, 2021 at 12:34 AM Yarona Marks >> ymarks@homecareassistance.com> wrote: >>> >>>> >>>> >>>> Good evening Randi, >>>> >>>> Thank you for sending the reports. Curious regarding the revenue : >>>> January was 1M while Feb is only 650K. Is that correct? Are we missing >>>> anything? >>>> >>>> >>>> Please feel free to reach out if you have any questions or concerns. >>>> >>>> >>>> Respectfully, >>>> >>>> >>>> Yarona Marks >>>> VP of Finance >>>> Home Care Assistance >>>> 221 Main St., Suite 520 >>>> >>>> San Francisco, CA 94105 >>>> >>>> >>>> Read Our Testimonials >>>> Join Our Newsletter >>>> >>>> We Are Hiring! >>>> Champions of Aging Well >>>> >>>> The information tra