Post by
besttobe on May 13, 2022 8:23am
Quipt accumulated deficit $168,000,000
and the company still can't turn a profit. That should tell you something?
Accumulated deficit (167,995)
Comment by
lscfa on May 13, 2022 4:39pm
F'ing moron. The deficit is not all due to operations. e.g. $50 million was the write off of goodwill due to D&G overpaying for Sleep Mgmt. and Patient Aids.
Comment by
Carlito3311 on May 13, 2022 6:50pm
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Comment by
besttobe on May 14, 2022 7:58am
No matter how you spin it, they lost hundreds of millions of dollars and continue to add lto those loses,with no profit after 12 years or more in buisness. The questions is, will they ever be profitable given regulated low reimbursements rates and the MGT's compensation plan? Given S/P performance, I think the market says no. IMO GLTA
Comment by
lscfa on May 14, 2022 9:12pm
Another $71 million was due to spinoff of Viemed... Total carrying value of net assets distributed on spin off was $71,587,000.