Quipt Home Medical Corp T.QIPT

Quipt Enters Louisiana; Adding $6.5 Million in Revenue

[SBAASTOCKS11]

https://www.globenewswire.com/news-release/2022/06/21/2466016/0/en/Quipt-Enters-Louisiana-Adding-Approximately-6-5-Million-in-Annualized-Revenues-and-Anticipated-1-3-Million-of-Adjusted-EBITDA-post-integration-with-Acquisition-of-Access-Respirator.html

[lscfa]

Lafayette, Louisiana is Viemed's backyard.

[sebraz]

Looks good. Only 18-28m USD left for annual run rate target of 180-190M (3-4 more same size acquisitions). Could they get this done in the next quarter and beat their outlook? I'm also going to assume they're dipping in their LOC for this as it wasn't mentioned in the release nor was the acquisition price.

[besttobe]

Zero mention of cash left on hand nor the price paid for the aquisition.....hmmmmmmmm

[lscfa]

Could be competitvely sensitive so no disclosure.  

[Carlito3311]

This post has been removed in accordance with Community Policy

[besttobe]

Well, the amount paid for the aquisition is material and should be disclosed. At least they no longer announce LOI's, since they already got burnt. 

[Tropicalsun]

sebraz, no need for using LOC, the company reported 17.4 million cash on hand at the end of March. Quipt has been cash flow positive for quite sometime now and as of the latest financials are now making money.

[besttobe]

tropic wrote "sebraz, no need for using LOC, the company reported 17.4 million cash on hand at the end of March.Quipt has been cash flow positive for quite sometime now and as of the latest financials are now making money." Cash end of March 2022 Q2         $ 17.4 mil Aqusitions since March Q2 Goodnight Medical             

[EStreet]

Wow, just about 3 hrs into the session and TD is showing 7.8k usd & 6.5k cad in volume on a day with a nice little tuck-in, didnt even get our usually short covering bump,,!!

[sebraz]

Ya, I think people are happy that another acquisition was made, but a bit uncomfortable to do anything about it when there was some pertinent information like acquisition cost and how it was paid for that wasn't disclosed. Looks like we'll have to wait for the MD&A in August... Also - Nasdaq's been on fire today. Way more interesting trading on Tesla slashing 3% of their workforce

[HatrikSeLaine]

They continue to execute in the plan and I'm not at all convinced they've run out of cash.  The truth will be revealed in the next financials but there is nothing but optimism that they will meet and probably exceed the $190M run rate target.   Don't forget that this is already a profitable company, and it's only getting larger.