Quipt Home Medical Corp T.QIPT

RE:Answers to Questions during Canaccord Growth Conf.

[besttobe]

Sebraz wrote "Philips Recall - whats the impact?

Primarily a Resmed vendor. Has had some impact in allocations but have been able to navigate it from a revenue standpoint and dont see any material impact. There are pain points but ops is doing an excellent job managing it.


Take nothing for granted. The Philips recall and chip shortage will have an effect on equipment rev and technology Quipt supplies. Up to now though, the end of June, nothing was effected. That is correct.

It is the next 12 to 18 months where the problems are and the supplycahin will get disruptive, that will impact Quipt and others. I good time for Quipt to get busy on the aquistion front with some good buys for those not as well capitalized, and buy them below market value. IMO  

Resmed - Chip supply issues

ResMed hits supply chain constraints as it responds to major Philips recall

 

AUGUST 6, 2021    BY CHRIS NEWMARKER LEAVE A COMMENT

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ResMed (NYSE: RMD) saw a dramatic surge in demand for its sleep and respiratory care products after a serious recall knocked competitor Philips out of the market for a year, according to CEO Mick Farrell.

But Farrell also explained during ResMed’s Q4 earnings call yesterday evening that the San Diego–based company is running into supply chain problems as it seeks to respond.

“Global supply chain limitations, including a shortage of electronic components, as well as ongoing freight constraints and costs are impacting our ability to respond to the unprecedented increase in demand for ResMed products,” Farrell said during the call, transcribed by SeekingAlpha. He added that major producers have suggested that chip and electronic components shortages could last 12 or even 18 months.

Get the full story on our sister site Medical Design & Outsourcing.