Viemed Healthcare Inc VMD

Great st Quarter Results:

[LongTerm3]

Revenue 39.6 Million - 31 percent increase from last year

Adjusted Ebita 8.3 Million - 15 percent increase from last year

Cash up 39 percent tp 23.5 million

Casey Hoyt said "firing on all cylinders"

[westcoastlogger]

Besttobe will be about to announce he went long on 200 shares on Friday.

[JackLambert]

It's 220.   220 now confirmed.   Paid in dimes.  

[JackLambert]

Don't get me wrong.  I like the plucker.  I do  does this all mean we now have 792 employees?   Add in Tennessee,,....... we're going to need a bigger boat. 

[LongTerm3]

As of March 31st we had 770 employees. The new presentation deck should be out any day. The acquisition is not included yet, because it hasn't closed.

[lscfa]

"Our full time employee count increased from 662 on March 31, 2022 to 765 on March 31, 2023, an increase of 15.6%."

[lscfa]

SG&A up over $2 million from last qtr with only 22 new employees. What the hell else are they spending money on?  Mgmt explanation is inadequate.

[westcoastlogger]

You can ask them on the call in the morning.

[lscfa]

Sent IR an email tonight. Others should pepper them with questions too. Maybe they will respond if enough complaints are received.

[LongTerm3]

I think it is up 27 people.  If they were paid $60,000 each it actually is $75,000 including medical and othe overhead. This would come to $2,000,000

[lscfa]

As usual explanations are left to the Conf. call when analysts drill mgmt for answers. This is a bozo IR practice. Apparently commissions to sales people are a one-time expense in the month the sale is made so Q1 SG&A is high due to a lot of sales activity.   

[besttobe]

Selling, general and administrative expense For the three months ended March 31, 2023, selling, general and administrative expenses totaled $19.8 million, an increase of $4.0 million (or 25.3%) from the comparable prior period. Excluding COVID-19 related revenues, selling, general and administrative expenses as a percentage of revenue decreased to 50.0% for the three months ended March 31, 2023

[lscfa]

Q1 has historically had higher bad debt.....     Dec 22 Mar 23 Increase Gross Revenue 39,708 43,687 10.0% Bad debt 2,200 4,131 87.8

[LongTerm3]

The estimates and charge-offs for the allowance for doubtful accounts for each reporting period were as follows:   This is comparing the same period a year ago.