Premier Health of America Inc V.PHA

PHA Q1 2024 Results

[colourama]

Q1 2024 results are out - thoughts? Large drop in billable hours in Quebec - in sequential quarters, from 172 000 hours to 150 000 hours. Would like to see that stabilize somewhat. Sounds like SSI has good growth from the quoted 2022 numbers at the time of acquisition.

[prophetoffactz]

Analyst estimates: Revenue: Reported: 36.973 Average: 36.57M High: 36.57 Low: 32.2 "Adjusted EBITDA for the quarter was $2.6M ($1.5M for the same period in 2022), despite acquisition costs of around $650K in the quarter and only 52 days of contribution from SSI." news release Only 52 days contribution from the acquisition. That's only 56.5% of the quarter. Next

[prophetoffactz]

High should be 40.94 million.

[prophetoffactz]

Guidance: "By integrating SSI, not only the PHA group will almost double its revenues and Adjusted EBITDA, but it also significantly improves its geographical diversification within Canada." news release

[snootchybootchy]

Seems to me like the results are in line with expectations. The only explanation for the 10% drop in share price today has to be that investors are taking their profits. After all, the share price had appreciated 140% in 2.5 months when it hit 67 cents yesterday.  All good. Still long.

[Torontojay]

Yup I agree.  The share price can lie but the numbers don't.