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New words:
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Financial report summary
?Management Discussion
- Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations
- We are a provider of secure, integrated, intelligent communication and clinical workflow solutions, focused on empowering mobile workers in healthcare, hospitality, retail, energy, education and other mission-critical mobile work environments, in the United States and internationally. The significant majority of our business is generated from sales of our solutions in the healthcare market to help our customers enhance quality of care, safety, patient and staff experience and improve operational efficiency. As of December 31, 2021, care teams at over 2,300 healthcare facilities worldwide have selected our solutions.
- We primarily sell products, software subscriptions and support and professional services directly to our customers. Total revenue increased 18.0% to $234.2 million in 2021 from $198.4 million in 2020, and our 2020 revenue increased 9.9% from $180.5 million in 2019. For the year ended December 31, 2021, we recorded a net loss of $8.5 million compared to a net loss of $9.7 million for the year ended December 31, 2020.