Quipt Home Medical Corp T.QIPT

5i pretty positive!

[pwig01]

Comments from today:

"Revenue was $102M for fiscal year 2021, growing 41% since 2020. 10% of this growth was organic for the year. Recurring revenue also showed some improvement. What we found impressive were the operational metrics.

The company increased its customer base by 54% and respitory supply set ups by 157%. This sets QIPT up well for future recurring revenues. The company still only has exposure to 15 states, meaning there is a fair bit of runway left. trading at 22x earnings, shares are reasonably priced and we beleive the outlook looks favourable based on the company's acuisition and ramp up in growth.

The balance sheet is also healthy and the company sits in a net cash position. Given the expected earnings growth using current valuation multiples, it would not be far fetched for QIPT to reach a $500M+ market cap within a 3-5 year period. "

[gibbonsj]

Closely parallels what Trademark posted last Friday

[pwig01]

You're referring to the sentence reposted from the report?  Yes, useful information.  The 5i comment just provides a bit more data and more importantly, some third party analysis.  The more we have of that, the better we can assess.