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Quipt Home Medical Corp. (symbol: QIPT) is a rapidly growing leader in the provision of clinical respiratory equipment and services to patients. The company offers a variety of in-home monitoring equipment, supplies, and services, designed to help patients manage their health conditions effectively from the comfort of their homes.
Core Services:
- Daily and Ambulatory Aides: Providing essential daily living aids and ambulatory equipment to enhance patient mobility and independence.
- Power Mobility: Offering power mobility solutions, including electric wheelchairs and scooters, improving patients' quality of life and independence.
- INR Self-Testing: Enabling patients to conduct INR self-testing at home, ensuring regular monitoring and management of anticoagulation therapy.
- Respiratory Equipment Rental: Supplying rental respiratory equipment to patients in need of temporary or long-term respiratory support.
- Home Ventilation: Providing advanced home ventilation solutions for patients requiring continuous respiratory support at home.
- Oxygen Therapy: Offering oxygen therapy services to patients with chronic respiratory conditions, ensuring they receive the necessary oxygen levels for optimal health.
- Sleep Apnea and PAP Treatment: Delivering personalized sleep apnea solutions, including Positive Airway Pressure (PAP) devices, to help patients achieve better sleep and overall health.
Quipt Home Medical Corp. has demonstrated strong financial performance, as evidenced by its recent report of an Adjusted EBITDA margin of 23.5% for Fiscal Q4 and 22.8% for the Fiscal Year 2023. This underscores the company's efficient operations and growing profitability.
Additionally, the company continues to expand its reach and impact through strategic partnerships and innovative projects. With a focus on improving patient outcomes and enhancing the quality of in-home healthcare services, Quipt Home Medical Corp. remains committed to its mission of providing accessible, high-quality healthcare solutions.
For the latest updates, financial performance, and detailed information, visit Quipt Home Medical Corp.
Rhea-AI Summary
Quipt Home Medical Corp. (QIPT) reports strong financial results for Q1 2024 with revenue of $65.4 million, a 60% increase from Q1 2023, and 2% sequential organic growth. Adjusted EBITDA margin of 23.5% and net income of $(0.6) million. The Company maintains a conservative balance sheet with $18.3 million cash on hand and total credit availability of $41 million. Operational highlights include a 56% increase in customer base to 155,434 unique patients served and 47% increase in set-ups/deliveries. The Company's resupply program drives 83% recurring revenue base and 49% of recurring revenue mix. Management emphasizes strategic investments for organic growth and expansion into continuum markets.
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Quipt Home Medical Corp. will announce its fiscal first quarter 2024 financial results on February 14, 2024. The conference call for the investment community will be hosted by CEO Gregory Crawford and CFO Hardik Mehta on February 15, 2024. The company is a U.S. based home medical equipment provider, focused on end-to-end respiratory care.
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Quipt Home Medical Corp. (QIPT) files preliminary short form base shelf prospectus to offer up to C$300,000,000 of securities, replacing its previous short form base shelf prospectus and registration statement. The Shelf Prospectus will enable the Company to access new capital or issue securities in connection with strategic acquisitions if and when needed.
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Rhea-AI Summary
Quipt Home Medical Corp. (NASDAQ: QIPT; TSX: QIPT) reports very strong adjusted EBITDA % of revenue of 23.5% for fiscal Q4 and 22.8% for fiscal year 2023, with a 59% increase in revenue compared to the previous year.
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Quipt Home Medical Corp. (QIPT) to Announce Q4 and Full Year 2023 Financial Results
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Quipt Home Medical Corp. has acquired a business with operations in Mississippi, Texas, and Louisiana, reporting unaudited annual revenues of $9 million and anticipated Adjusted EBITDA of $2 million post integration. The acquisition adds scale with ten locations, 17,500 active patients, and 1,900 referring physicians. The acquisition is expected to assist with organic growth initiatives and increase resupply revenue. Quipt's current active patients are now 287,500, with 34,400 referring physicians and 125 locations across 26 U.S. states. The acquisition increases Quipt's annual revenues by $9 million and is expected to increase Adjusted EBITDA by $2 million. The acquisition purchase price is at historical multiples paid by the Company.
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Quipt Home Medical Corp. (NASDAQ: QIPT; TSX: QIPT) reported strong financial results for Q3 fiscal 2023 with a 64% increase in revenues year-over-year, a 4% sequential organic growth, and an adjusted EBITDA margin of 23%. The company's customer base and unique set-ups/deliveries also witnessed significant growth. Additionally, the company's investment in DMEScripts LLC aims to align itself with industry peers and drive future growth in e-prescription usage.
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News
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Quipt Home Medical Corp. will host its Fiscal Q3 2023 earnings conference call and audio webcast on August 15, 2023 at 10:00 a.m. (ET).
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Quipt Home Medical Corp. (QIPT) Announces Webcasted Fireside Chat at Canaccord Growth Conference on August 9th, 2023
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FAQ
What is the current stock price of Quipt Home Medical Ordinary Shares (QIPT)?
The current stock price of Quipt Home Medical Ordinary Shares (QIPT) is $2.49 as of December 20, 2024.
What is the market cap of Quipt Home Medical Ordinary Shares (QIPT)?
The market cap of Quipt Home Medical Ordinary Shares (QIPT) is approximately 108.6M.
What does Quipt Home Medical Corp. do?
Quipt Home Medical Corp. provides in-home monitoring equipment, supplies, and services to patients, including respiratory equipment, power mobility, and sleep apnea treatment.
What is Quipt Home Medical Corp.'s stock symbol?
The stock symbol for Quipt Home Medical Corp. is QIPT.
How did Quipt Home Medical Corp. perform financially in Fiscal Q4 2023?
Quipt Home Medical Corp. reported an Adjusted EBITDA margin of 23.5% for Fiscal Q4 2023.
What types of services does Quipt Home Medical Corp. offer?
Services include Daily and Ambulatory Aides, Power Mobility, INR Self-Testing, Respiratory Equipment Rental, Home Ventilation, Oxygen Therapy, and Sleep Apnea and PAP Treatment.
How can I get more information about Quipt Home Medical Corp.?
For more detailed information, visit their official website at www.quipthomemedical.com.
Who are the key executives at Quipt Home Medical Corp.?
Key executives include Gregory Crawford, Chief Executive Officer, and Cole Stevens, VP of Corporate Development.
Quipt Home Medical Corp. Ordinary Shares
Nasdaq:QIPT
QIPT Rankings
QIPT Stock Data
108.59M
40.97M
3.88%
55.05%
2%
Medical Devices
Services-misc Health & Allied Services, Nec
United States of America
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