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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

Post by retiredcfon May 17, 2024 7:26am
180 Views
Post# 36044919

A Rational Response

A Rational ResponseWould appreciate your thoughts on the latest earnings from QIPT and whether to hold, add, or sell with an explanation.

EPS of a loss of 3c missed estimates of (nil); revenue of $63.95M missed estimates of $65.51M. EBITDA of $14.89M missed estimates of $15.07M. Results were hit by the discontinuation of Medicare 75/25 relief, which was subsidizing patient costs in several areas. QIPT also experienced the withdrawal of Medicare Advantage members due to an agreement with other providers and it was also indirectly impacted by a main healthcare admin company's cyber-security incident which impaired its ability to process and bill claims. That said, overall revenue rose 10% and QIPT says it is still experiencing 'strong trends for respiratory equipment'. The stock took a big hit on the news, and is now down 28% YTD. Cash flow and the balance sheet are still strong. We do not like the momentum here, but its outlook is still OK, and to be fair to the company, most of its issues in the quarter were beyond its control. We would see it as a HOLD after today's decline. (5iResearch)

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