Quipt Home Medical Corp T.QIPT

Alternate Symbol(s): QIPT

Healthcare Medical Care

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

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Comment by 1004on Aug 23, 2017 9:54am

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Post# 26611529

RE:RE:TIME TO LOAD

As of the end of the quarter ended June 30, 2017, the Company had a cash balance of $13,520,000, as compared to $11,851,000 last quarter. This marks the third straight quarter of cash growth and now is approximately double the cash balance compared to the year ended September 30, 2016. Healthy working capital balance of approximately $18 million is made up of cash and clean accounts receivable balances.

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