Quipt Home Medical Corp T.QIPT

New Press Release - Quipt Home Medical Reports Second Quarter Fiscal 2024 Financial Results Posting Revenue Growth of 10% and Adjusted EBITDA Growth of 14%

• Posts Adjusted EBITDA Margin of 23.3% as a % of Revenue • Announced Normal Course Issuer Bid (“NCIB”) Subsequent to Quarter End CINCINNATI, May 15, 2024 (GLOBE NEWSWIRE) -- Quipt Home Medical Corp. (the “Company”) (NASDAQ: QIPT; TSX: QIPT), a U.S.-based home medical equipment provider...read article.

[Peanuts3]

Bad news over bad news... And the company siad a few days ago... the company is undervalued... B.S.

[Possibleidiot01]

What am I failing to see in the results which look fairly good to me?. The other down thing I noticed is the reimbursement setup being changed. And that change is built into the results. "Revenue for Q2 2024 was $64.0 million compared to $58.1 million for Q2 2023, representing a 10% increase. Organic growth contributed approximately $3.3 million, or 6% on an annual basis. The Company

[Peanuts3]

yeah for one and the second: more and more revenue and minus eps (more) again

[Possibleidiot01]

Ah, missed that sentence. "Net income (loss) for Q2 2024 was $(1.4) million, or ($0.03) per diluted share, as compared to $(0.7) million, or $(0.02) per diluted share for Q2 2023. Thanks. Maybe partially explained by "recent cyber-attack on Change Healthcare, which impacted the ability to process and bill claims in the back half of the quarter. The Company expects cash collections to

[lscfa]

net income impacted by $1M spent on legal for DOJ investigation.