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Quipt Home Medical Corp T.QIPT

Alternate Symbol(s):  QIPT

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

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Post by WonmanshowBMLon Aug 25, 2015 11:04am
295 Views
Post# 24048905

Financials Out Looking Good

Financials Out Looking GoodFYQ3 2015 Highlights Revenue Revenue for the quarter rose to more than $19,350,000 which included only June revenue of Sleep Management, as compared to $13,036,000 for the quarter ended March 31, 2015, a 48% increase from the previous quarter and a 250% increase year over year. July revenue is expected to exceed $9,700,000 or more than $116,400,000 in annualized run rate revenue. Profits Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rose to more than $4,600,000 for the quarter, more than a 60% increase from the previous quarter. This includes $1,500,000 of Adjusted EBITDA for Sleep Management for the month of June 2015.(1) Balance Sheet Cash on the Balance Sheet as of July 10, 2015 was approximately $56,000,000, prior to the $15,750,000 loan facility. PHM expects to have total debt of $24,400,000 comprised of two loans upon total drawn-down: $8,650,000 (7.5% annual interest) in August of 2014 and $15,750,000 (6% annual interest) planned in August of 2015 Read more at https://www.stockhouse.com/news/press-releases/2015/07/13/phm-announces-intention-to-make-normal-course-issuer-bid-share-buy-back#eqcueL4EyHplPg1H.99
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