Stocks like Netflix, Apple, and Amazon led one of the greatest periods of market expansion in history. Now a whole new group is positioned for growth, as we enter a multi-year bear market.
What It Means For Investors
The stock market is causing a lot of heartburn these days, setting records for both biggest one-day gains and one-day losses.
The Fear and Greed Index has bottomed out, sinking to the lowest levels since the March 2020 crash.1
All but one of the components that make up this world-famous index are flashing fear or extreme fear.2
But amid the widespread economic slowdown, some industries and companies are flourishing.
So, while the fearful yield to market pressures, forward-looking investors are finding a unique opportunity to move into what are historically safe-haven stocks.
And as decades of research reveals, there are two essential sectors that thrive during a recession: Government and healthcare services.3
Each of these organizations require consistent, large influxes of cash for continued operation… and each is indispensable to maintaining the very basic needs of society.
We’ve identified a company that is perfectly positioned to thrive in spite of market woes, whose operations service both of these market segments: HS GovTech Solutions Ltd. (CSE: HS) (OTC: HDSLF).
Favorably Diversified With Inroads In TWO Recession-Resistant Industries
Data clearly shows that the 2008 recession had little, if any, negative effect on job growth in the government or the healthcare industry.
The Evidence Is Compelling:
Princeton University researchers found public sector jobs offer more security than private-sector jobs, and the advantage actually widens during recessions.4
The patterns are present across genders, races, and educational groups.
During the Great Recession, 2007-10, government jobs appeared to be more insulated from recessions than jobs in other industries. The unemployment rate among federal, state and local government workers was the lowest among all of the recession-resistant industries at 5.1%.5
Job growth is an indication of an industry’s stability, which bodes well for HS GovTech, who has experienced such a swift increase in demand for their products, that they’ve nearly doubled their staff in the last year.
And when it comes to healthcare, people don’t stop visiting the doctor, undergoing necessary surgeries, or having babies just because the economy is in decline.
In fact, research from the USDA shows recessionary markets often have the opposite effect, with consumers seemingly encouraged to focus on health and personal well-being.
It appears that when consumers tighten their wallets, they also typically tighten their belts, with improved diets and more at-home family meals.6
That’s Why It's The Perfect Time For Relatively Unknown HS GovTech Solutions Ltd. (CSE: HS) (OTC: HDSLF) To Break Out and Take Off.
Founded 23 years ago, it is not hyperbole to say that HS GovTech is one of the premier providers of Software as a Service (SaaS) solutions for health and safety regulatory agencies across North America.7
A combined 800 city, county, and state health, fire, agriculture, code enforcement and other regulatory agencies use HS GovTech’s advanced software to manage and secure critical data on the cloud.8
That a small and relatively young company was able to partner with these agencies, which normally do not work with any but the largest, most established companies, is a testament to not only the peerless sophistication of HS GovTech’s technology, but to the company’s ability to grow and thrive in spite of a volatile marketplace.
And while many companies foresee declining revenues on the horizon, HS GovTech is positioned for expansion, with $25 million in its sales pipeline for this year.
Fed Rate Hikes Sound The Alarm: The Recession Countdown Has Begun
With inflation at its highest level in decades and the war in Ukraine driving fears of a prolonged downturn, some of North America’s smartest business leaders see dark clouds on the economic horizon.
In early June, JPMorgan Chase chief executive Jamie Dimon predicted an economic “hurricane” stemming from inflation, the Ukraine war, and the Federal Reserve’s steps to hike interest rates and shrink its bond portfolio.
“That hurricane is right out there down the road coming our way,” he said. 9
Other Wall Street executives are delivering similar doomsday predictions:
- PNC Financial Services chief executive Bill Demchak said Thursday that while he doesn’t see a “hurricane” on the horizon, he also doesn’t “see any possible outcome other than a recession.” 10
- Goldman Sachs COO John Waldron expects “tougher economic times ahead.” He added, “The confluence of the number of shocks to the system to me is unprecedented.” 11
- on CBS’s “Face the Nation,” former Goldman Sachs CEO Lloyd Blankfein said that there is a “very, very high risk” of a recession. “If I was a consumer, I’d be prepared for it,” he said.12
- Wells Fargo CEO Charlie Scharf told a Wall Street Journal conference audience that, “It’s going to be hard to avoid some kind of recession.” 13
- Carlyle Group CEO Kewsong Lee said, “Right now our stance is more defensive than not — I think appropriately so.” 14
But amidst all of the negative rhetoric, there’s a silver lining to the economic downturn… if your timing is right, and you know where to look.
Pullback Offers Second Chance To Invest In Something BIG
The decline witnessed this last year has also introduced a few remarkable opportunities.
So far the tech-heavy Nasdaq is a whopping 28% off its high at the start of the year. The Dow Jones U.S. Technology Index isn’t doing much better, down 25% year-to-date.
It’s certainly been the case for cloud-based SaaS, or ‘Software as a Service’ stocks, which has seen market leaders like Salesforce, Inc. drop 27% in 6 months or DocuSign, Inc. which has dropped a shocking 45% this year.
For the last few years SaaS has actively been revolutionizing the digital landscape, with its ability to simplify and streamline operations, in turn cutting costs for organizations across the globe.
These easy-to-integrate and highly customizable, software technologies are modernizing every aspect of human life and commerce. In just a handful of years, SaaS has transformed how businesses handle operations, track assets, interact with the public, and manage payments. It’s a trend that is gaining momentum by the day.
It’s happening so fast that $175 billion IT leader Cisco predicted:
"Within the next year, 94% of all internet-enabled work will take place in the cloud." 15
Needless to say, this market segment is growing in size and scope. In spite of the economic downturn, these services have only become increasingly essential in recent times.
While many organizations are already well into this transition, there are still tremendous opportunities to be had in sectors that were initially hesitant to embrace SaaS.
And in no other market segment, are technological advances adopted more slowly, than government agencies.
That’s exactly the target of HS GovTech Solutions Ltd. (CSE: HS) (OTC: HDSLF), as they bring to market an innovative approach to modernizing government data systems.
Solutions to Save the Government and Taxpayers Billions of Dollars 16
The Multi-Billion-Dollar Problem
Prior to the pandemic, few government organizations had implemented cloud-based systems. Undoubtedly, one of the segments that was hardest hit as a result was public health care.
The health care space is massive. It represents the largest budget allocation in the United States, at a whopping 28%.
That’s bigger than the homeland security budget at 16%. Bigger than the budget for social security at 25%. And even bigger than agriculture, transportation, education, housing and energy combined!
Even before the unanticipated complications the pandemic brought to the table, reports suggested that 20-25% of the US health care budget across all departments was wasted due to inefficient methods and outdated systems.17
Fine structural cracks became large fissures over the last few years, heightened by the stresses of a nationwide shut down.
In the aftermath, state and local health care agencies throughout the country are now rushing to prioritize their adaptation to the cloud. It’s a transition that’s happening at breakneck speed.
In 2019, the government cloud market was valued at just $20.52 Billion. That’s now projected to reach $52.70 Billion by 2027, growing at a CAGR of 13.5%.
That’s a tremendous amount of growth in a very short period of time. In its wake, is an open path for companies offering an original approach to remedy this costly problem.
The HS GovTech Solution
HS GovTech Solutions Ltd. (CSE: HS, OTCQB: HDSLFCSE: HS, OTCQB: HDSLF) may be a small company now, but they are already positioned to be a leading force in revamping the government’s ‘Environmental Health Department’ data system.
Their ground-breaking solution could save government agencies and taxpayers billions of dollars, while also saving the public the time, energy, and headaches resulting from bureaucratic inefficiencies.
The flexibility and scalability of HS GovTech’s cloud-based solutions are enabling organizations to meet the urgent challenges of a faster-paced, more connected society.
Their adaptable suite of products is purpose-built to ease the burden of maintaining legacy systems that are cumbersome, expensive to maintain, and make it difficult to implement the many changes required by evolving public needs and shifting regulations.
Already The Company Is Catching The Attention Of Government Agencies Throughout The U.S. And Canada, Most Recently In California, A State With The Largest IT Budget In The U.S. 18
- Currently HS GovTech’s platform is deployed in over 800 state and local government organizations across North America. The company has since scaled up its operations, doubling its staff over the past year to a total of over 85 employees. They also nearly doubled revenue last year, and are projected to do even better this year.
- Counties in California used to be serviced almost exclusively by one SaaS vendor, Accela, holding nearly 100% market share. That’s no longer the case. Accela is losing one contract after the next to HS GovTech. And HS GovTech has over 90% customer retention, so their client-list is only expanding.
- Recently the U.S. Food and Drug Administration committed to funding environmental health agencies to the tune of $40 million over FY 2022, 2023, 2024. The objective: To improve process standardization and technology for food safety. In the first quarter alone, HS GovTech was awarded multiple contracts from this initiative, and has more on track as the year progresses.
- Environmental Health is a market that has long been dominated by large industry players, like Tyler Technologies (NYSE: TYL), which boasts a $17 billion market cap. But Tyler Technologies, like Accela, is now facing heavy competition… HS GovTech, with a market cap of just over $20 million, is winning their contracts too.
And for good reason… Like most large corporate entities, Tyler Technologies grew quickly through acquisitions, leaving them with legacy technologies that are slow to integrate, difficult to modify, and inefficient.
The visionary leaders of HS GovTech were keenly aware of an opportunity to improve upon current technology… They were the authors of the original health department software that Tyler Technologies had acquired back in 2017.
Even at that time, Tyler Technologies was mindful of the need to update system architecture. But that’s a difficult challenge for a large company that’s integrated with government agencies across North America.
What agencies need instead are nimble companies with ingenious ideas, that can offer flexible solutions for a fast-changing world.
HS GovTech Saved Hawaii Over 700,000 Labor-Days Alone
In 2020, the State of Hawaii reached out to HS GovTech in hopes of bolstering their current Covid remediation efforts. And the company answered the calling, designing a software solution with a set of very particular needs in mind.
Once the platform was approved, the State of Hawaii was able to deploy the product immediately, saving them time, money, and manpower. Typically, a process with this many moving parts takes weeks to months to implement.
The HS GovTech platform replaced the manual processing of calling each individual contact by implementing an automated system that sent out a unique and secure link through text messaging, as well as an email with a daily questionnaire for each of the participants in the study.
The State of Hawaii commented that the deployment of the HSCloud platform saved them over 700,000 labor-days.
HS GovTech’s Smarter Revenue Model
Unlike traditional software plans, in which an institution buys the software and then pays minimal support or upgrade fees, SaaS flips the model on its head, with the bulk coming via reoccurring revenue.
That means that once HS GovTech’s technology is deployed, over 80% of contracted revenues are reoccurring based on ongoing services, providing the company with steady government-based cash flow, with literally no bad debt.
During the first quarter of 2022, HS GovTech has focused primarily on the Environmental Health (EH) space, signing a litany of contracts for its flagship suite of products.
- That amounts to contracts worth $3.62 USD million in the quarter, with a total ARR under contract of $4.45 million.
- The company also has over $25 million worth of business in its sales pipeline.
In every metric, the company looks to be on track for a breakout year financially. And that’s all from a company with less than a $25 million market cap.
Let’s just break that down:
- That means currently the company is trading at approximately 5 times revenue.
- In contrast their competitor, Tyler Technologies, has a market cap of 17 times revenues.
And that’s only taking the Environmental Health market into account. The company’s technology adheres to a myriad of applications within EH and other types of agencies; all with significant budgets.
HS GovTech has now begun to expand into other lucrative markets such as Public and Clinical Health, Health and Human Services, Fire & Safety and other health and safety regulatory agencies. The possibilities are endless.
The value of this company’s unique platform is reflected in the impressive list of the company’s clients. It appears there is nothing but upside for the rapidly growing company that still trades at a price well below its peers.
But it won’t for long. By all accounts HS GovTech could be poised to dominate in multiple government departments throughout 2022. As more news is generated and word gets out, expect investors to discover this up-and-coming SaaS provider.
For investors who wouldn’t mind the chance to take an early stake in a company that is growing fast and could be a major player in a new technology, HS GovTech is worth a deep dive.
Learn More About HS GovTech Solutions Inc. (CSE: HS, OTCQB: HDSLFCSE: HS, OTCQB: HDSLF) at your brokerage today!
1.https://www.cnn.com/markets/fear-and-greed
2.https://www.cnn.com/markets/fear-and-greed
3.https://gceps.princeton.edu/wp-content/uploads/2017/01/240rosen.pdf
4.https://gceps.princeton.edu/wp-content/uploads/2017/01/240rosen.pdf
5.https://www.gobankingrates.com/money/jobs/afraid-recession-job-industries/
6.https://www.ers.usda.gov/amber-waves/2014/march/less-eating-out-improved-diets-and-more-family-meals-in-the-wake-of-the-great-recession/
7.https://hsgovtech.com/environmental-health
8.https://hsgovtech.com/environmental-health
9.https://www.bostonglobe.com/2022/06/06/business/is-recession-coming-heres-what-ceos-economists-are-saying/?p1=BGSearch_Advanced_Results
10.https://www.bostonglobe.com/2022/06/06/business/is-recession-coming-heres-what-ceos-economists-are-saying/?p1=BGSearch_Advanced_Results
11.https://www.bostonglobe.com/2022/06/06/business/is-recession-coming-heres-what-ceos-economists-are-saying/?p1=BGSearch_Advanced_Results
12.https://www.bostonglobe.com/2022/06/06/business/is-recession-coming-heres-what-ceos-economists-are-saying/?p1=BGSearch_Advanced_Results
13.https://www.bostonglobe.com/2022/06/06/business/is-recession-coming-heres-what-ceos-economists-are-saying/?p1=BGSearch_Advanced_Results
14.https://www.bostonglobe.com/2022/06/06/business/is-recession-coming-heres-what-ceos-economists-are-saying/?p1=BGSearch_Advanced_Results
15.https://www.networkworld.com/article/3253113/cisco-says-almost-all-workloads-will-be-cloud-based-within-3-years.html
16.https://www.govtech.com/navigator/data/2019-state-and-local-annual-it-spending.html
17.https://jamanetwork.com/journals/jama/article-abstract/2752664
18.https://en.wikipedia.org/wiki/Health_departments_in_the_United_States
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FORWARD LOOKING STATEMENTS.
This publication contains forward-looking statements, including statements regarding expected continual growth of the featured companies and/or industry. The Publisher notes that statements contained herein that look forward in time, which include everything other than historical information, involve risks and uncertainties that may affect the companies’ actual results of operations. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to HSGOV industry; (b) market opportunity; (c) HSGOV business plans and strategies; (d) services that HSGOV intends to offer; (e) HSGOV milestone projections and targets; (f) HSGOV expectations regarding receipt of approval for regulatory applications; (g) HSGOV intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) HSGOV expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute HSGOV business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) HSGOV ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) HSGOV ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) HSGOV ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of HSGOV to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) HSGOV operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact HSGOV business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing HSGOV business operations (e) HSGOV may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.
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The Website Host does not own any shares of any profiled HS GovTech Solutions Inc. and has no information concerning share ownership by others of any profiled companies and The Website Host cautions readers to beware that third parties, profiled companies, and/or their affiliates may liquidate shares of the profiled companies at any time, including at or near the time you read the articles on this website and this has the potential to hurt share prices. Frequently companies profiled in such articles experience a large increase in volume and share price during the course of investor awareness marketing, which often ends as soon as the investor awareness marketing ceases.
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The articles on this website are not, and should not be construed to be, offers to sell or solicitations of an offer to buy any security. Neither the articles on this website nor the Website Host purport to provide a complete analysis of any HS GovTech Solutions Inc. or its financial position. The Website Host is not, and does not purport to be, a broker-dealer or registered investment adviser. The articles on this website are not, and should not be construed to be, personalized investment advice directed to or appropriate for any particular investor. Any investment should be made only after consulting a professional investment advisor and only after reviewing the financial statements and other pertinent corporate information about the HS GovTech Solutions Inc. Further, readers are advised to read and carefully consider the Risk Factors identified and discussed in the profiled HS GovTech Solutions Inc.’s SEC and/or other government filings. Investing in securities, particularly microcap securities, is speculative and carries a high degree of risk.
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This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect expectations regarding HS GovTech Solutions Inc. future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to HS GovTech Solutions Inc. industry; (b) market opportunity; (c) HS GovTech Solutions Inc. business plans and strategies; (d) services that HS GovTech Solutions Inc. intends to offer; (e) HS GovTech Solutions Inc. milestone projections and targets; (f) HS GovTech Solutions Inc. expectations regarding receipt of approval for regulatory applications; (g) HS GovTech Solutions Inc. intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) HS GovTech Solutions Inc. expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute HS GovTech Solutions Inc. business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) HS GovTech Solutions Inc. ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) HS GovTech Solutions Inc. ability to enter into contractual arrangements; (e) the accuracy of budgeted costs and expenditures; (f) HS GovTech Solutions Inc. ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption as a result of COVID-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of HS GovTech Solutions Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) HS GovTech Solutions Inc. operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as the COVID-19 pandemic may adversely impact HS GovTech Solutions Inc. business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing HS GovTech Solutions Inc. business operations (e) HS GovTech Solutions Inc. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, the Website Host undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise.
HISTORICAL INFORMATION
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