Investment Thesis
Another Seeking Alpha contributor, Sergio Heiber, introduced me to Semler Scientific (SMLR) and proposed that I develop an update on the company from the last article submitted by Boris Marjanovic.
Since the previous article, the company has produced spectacular financial results with revenues increasing 51% and 45% YoY in the 1st and 2nd quarters of 2019 respectively. The market opportunity is huge and the company is making good strides to penetrate the market by employing more sales staff. The recurring revenue business model is also paying off with a TTM net