TSXV:SLHG.H - Post by User
Post by
maysilverstoneon Aug 17, 2021 12:11pm
128 Views
Post# 33717148
Q2 Financial Results
Q2 Financial Results $SLHG announced their financial results for Q2 ended June 30, 2021.
- Rev was $10.5M (increasing 184%) compared to $3.7M for the same period last year, and up 103% from $5.2M for Q1 of 2021
- 13% organic growth from existing primary care clinics
- $1.5M adjusted EBITDA loss from investments into people, tech, and professional fees tied to acquisitions
- Acquired Rocky Mountain and Doctors Center in Denver, CO
- Acquired ACO Partners LLC (a new Accountable Care Organization)- will be participating in the Medicare Shared Savings Program offered by the Centers for Medicare and Medicaid Services Jan 1, 2022
- Net loss from operations was $3.5M- $0.9M in one-time expenses tied to the Nasdaq up list, professional fees and the large Rocky Mountain acquisition, $1.1M in non-cash items
- $11.8M cash balance
Great quarter for $SLHG! Love to see them achieve their largest rev quarter and ending it with the addition of new clinics, providers and patient panels.