Quipt Home Medical Corp T.QIPT

Alternate Symbol(s): QIPT

Healthcare

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 > Cash Bur

<< Previous

Bullboard Posts

Next >>

Comment by KarlGibbonson Aug 16, 2024 5:45am

125 Views

Post# 36181983

RE:RE:Cash Bur

Well that's certainly a factor.

But there is too much tied up in working capital at the moment.
current assets (exc. cash) are at $60 million now vs....$47-48 million normal levels.
that's a $12-13 million increase and only partially offset by a $5-6 million increase in payables and accrueds.
so its a $6-7 million investment in working capital that is holding down cash right now. need to get that released.

<< Previous

Bullboard Posts

Next >>

Two micro-cap stocks with strong fundamentals