Quipt Home Medical Corp T.QIPT

Alternate Symbol(s): QIPT

Healthcare

Quipt Home Medical Corp. is a home medical equipment provider. The Company specializes in improving the home management of chronic illness through the application of telehealth systems and automated distribution. It provides in-home monitoring and disease management services, including end-to-end respiratory solutions for patients in the United States. It offers nebulizers, oxygen concentrators, continuous positive airway pressure (CPAP) and Bilevel Positive Airway Pressure (BiPAP) units; traditional and non-traditional medical respiratory equipment and services, and non-invasive ventilation equipment, supplies, and services. The Company's product offerings include the management of several chronic disease states focusing on patients with heart or pulmonary disease, sleep disorders, reduced mobility, and other chronic health conditions. Its products and services consist of sleep apnea and pap treatment, home ventilation, daily and ambulatory aides, and respiratory equipment rental.

TSX:QIPT - Post by User

Quipt Home Medical Corp > Organic growth 3% Q3/Q2/FCF breakeven/Loss op's $(1.5mil )

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Comment by lscfaon Aug 23, 2021 7:36pm

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Post# 33752856

RE:Organic growth 3% Q3/Q2/FCF breakeven/Loss op's $(1.5mil )

Revenues lag hiring staff for billing, sales, etc. What is outbound freight?

For the three months ended June 30, 2021, operating expenses were $13,184,000, an increase of $3,753,000 from $9,431,000 for the three months ended June 30, 2020. Acquisitions contributed approximately $2,300,000 of the increase is primarily due to the acquisitions during the fiscal 2020 and during the first nine months of fiscal year 2021. Remaining increases relate to professional fees associated with Company’s Nasdaq listing in the U.S., and investments to support the revenue growth of the Company.

	Jun 21	Mar 21	Dec 21
Payroll	7,257	6,997	6,439
Facilities	522	526	491
Bad debt	1,682	2,209	2,079
Billing	1,077	893	716
Pro fees	824	559	440
Marketing	234	215	128
Outbound Freight	384	0	0
Other	1,204	1,335	1,236
	13,184	12,734	11,529