Assure Hldgs Financials
This page shows Assure Hldgs (IONM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Assure Hldgs passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Assure Hldgs generates $0.19 in operating cash flow (-$5.0M OCF vs -$26.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Assure Hldgs earns $-13.4 in operating income for every $1 of interest expense (-$20.1M vs $1.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Assure Hldgs generated $255K in revenue in fiscal year 2023. This represents a decrease of 45.9% from the prior year.
Assure Hldgs's EBITDA was -$20.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.9% from the prior year.
Assure Hldgs reported -$26.1M in net income in fiscal year 2023. This represents an increase of 13.4% from the prior year.
Assure Hldgs earned $-6.10 per diluted share (EPS) in fiscal year 2023. This represents an increase of 84.8% from the prior year.
Assure Hldgs held $123K in cash against $13.7M in long-term debt as of fiscal year 2023.
Assure Hldgs had 7M shares outstanding in fiscal year 2023. This represents an increase of 539.4% from the prior year.
Assure Hldgs's gross margin was -860.4% in fiscal year 2023, indicating the percentage of revenue retained after direct costs. This is down 422.8 percentage points from the prior year.
Assure Hldgs's operating margin was -7875.3% in fiscal year 2023, reflecting core business profitability. This is down 3194.8 percentage points from the prior year.
Assure Hldgs's net profit margin was -10226.7% in fiscal year 2023, showing the share of revenue converted to profit. This is down 3833.5 percentage points from the prior year.
IONM Income Statement
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | N/A | $9K-64.0% | $25K-47.9% | $48K-58.3% | $115K | N/A | $162K-90.2% | $1.6M |
| Cost of Revenue | $229K-51.8% | $475K+5.3% | $451K-27.5% | $622K-8.4% | $679K | N/A | $613K-84.7% | $4.0M |
| Gross Profit | -$228K+51.1% | -$466K-9.4% | -$426K+25.8% | -$574K-1.8% | -$564K | N/A | -$451K+80.9% | -$2.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $1.2M-70.3% | $3.9M+9.8% | $3.6M+0.5% | $3.5M+10.4% | $3.2M | N/A | $3.3M-7.1% | $3.6M |
| Operating Income | -$1.4M+66.9% | -$4.2M+49.2% | -$8.3M-96.3% | -$4.2M-11.4% | -$3.8M | N/A | -$3.8M+41.0% | -$6.5M |
| Interest Expense | N/A | $668K+530.2% | $106K-72.7% | $388K-29.5% | $550K | N/A | $324K-10.2% | $361K |
| Income Tax | N/A | N/A | $9K | N/A | -$796K | N/A | -$1.2M+46.8% | -$2.3M |
| Net Income | -$255K+93.2% | -$3.8M+60.2% | -$9.4M-26.9% | -$7.4M-136.6% | -$3.1M | N/A | -$1.4M+69.7% | -$4.7M |
| EPS (Diluted) | $-0.50+7.4% | $-0.54-101.7% | $31.81+2686.2% | $-1.23 | $-2.98 | N/A | $-1.88+74.3% | $-7.32 |
IONM Balance Sheet
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.3M+18.8% | $4.4M-40.9% | $7.5M-49.6% | $14.9M-29.6% | $21.2M-12.7% | $24.2M-44.4% | $43.6M+7.2% | $40.7M |
| Current Assets | $4.6M+24.5% | $3.7M-44.5% | $6.7M-51.8% | $14.0M-24.9% | $18.6M-20.1% | $23.3M-26.5% | $31.6M+9.5% | $28.9M |
| Cash & Equivalents | $45K-88.0% | $376K+205.7% | $123K-80.6% | $634K+25.5% | $505K-44.2% | $905K-76.2% | $3.8M+267.0% | $1.0M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | $9.1M | N/A | $12.9M-14.9% | $15.1M-27.4% | $20.9M-0.6% | $21.0M |
| Goodwill | N/A | N/A | $1.0M | N/A | $1.0M0.0% | $1.0M-77.0% | $4.4M0.0% | $4.4M |
| Total Liabilities | $23.9M+3.8% | $23.1M+0.9% | $22.8M+10.1% | $20.7M+11.8% | $18.6M-1.2% | $18.8M+6.5% | $17.6M-3.9% | $18.3M |
| Current Liabilities | $23.8M+4.5% | $22.8M+2.4% | $22.2M+131.7% | $9.6M+33.1% | $7.2M+44.9% | $5.0M+36.3% | $3.6M-16.4% | $4.4M |
| Long-Term Debt | $13.6M+0.9% | $13.4M-1.8% | $13.7M+33.7% | $10.2M-1.9% | $10.4M-12.2% | $11.9M-6.0% | $12.6M+1.7% | $12.4M |
| Total Equity | -$18.6M-0.2% | -$18.6M-21.4% | -$15.3M-162.9% | -$5.8M-323.4% | $2.6M-52.2% | $5.5M-79.0% | $26.0M+16.4% | $22.3M |
| Retained Earnings | -$74.2M+0.2% | -$74.4M-5.4% | -$70.6M-15.4% | -$61.2M-28.3% | -$47.7M-7.1% | -$44.6M-93.2% | -$23.1M-6.6% | -$21.6M |
IONM Cash Flow Statement
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$97K+93.4% | -$1.5M-559.5% | -$222K+89.5% | -$2.1M-323.7% | -$497K+76.9% | -$2.2M+9.3% | -$2.4M-320.2% | -$565K |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | $54K | $0 | $0 |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | -$2.2M+7.0% | -$2.4M-320.2% | -$565K |
| Investing Cash Flow | $0-100.0% | $2.3M+2171.4% | -$112K+71.7% | -$396K-1170.3% | $37K+131.1% | -$119K-105.2% | -$58K+4.9% | -$61K |
| Financing Cash Flow | -$234K+61.2% | -$603K-240.7% | -$177K-1261.5% | -$13K-121.7% | $60K+106.7% | -$900K-117.3% | $5.2M | $0 |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
IONM Financial Ratios
| Metric | Q2'24 | Q1'24 | Q2'23 | Q3'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | -5177.8%-3473.8pp | -1704.0%-508.2pp | -1195.8%-705.4pp | -490.4% | N/A | -278.4%-135.1pp | -143.3% |
| Operating Margin | N/A | -46622.2%-13582.2pp | -33040.0%-24275.4pp | -8764.6%-5480.2pp | -3284.3% | N/A | -2348.2%-1956.0pp | -392.2% |
| Net Margin | N/A | -41788.9%-4016.9pp | -37772.0%-22274.1pp | -15497.9%-12764.0pp | -2733.9% | N/A | -884.6%-597.3pp | -287.3% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -4.8%+79.9pp | -84.7%+41.0pp | -125.7%-75.8pp | -49.9%-35.0pp | -14.8% | N/A | -3.3%+8.3pp | -11.6% |
| Current Ratio | 0.20+0.0 | 0.16-0.1 | 0.30-1.2 | 1.46-1.1 | 2.58-2.1 | 4.68-4.0 | 8.68+2.1 | 6.62 |
| Debt-to-Equity | -0.730.0 | -0.72+0.2 | -0.89+0.9 | -1.75-5.7 | 3.99+1.8 | 2.17+1.7 | 0.49-0.1 | 0.56 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | -1465.4%-1431.1pp | -34.4% |
Note: Shareholder equity is negative (-$15.3M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.30), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Assure Hldgs's annual revenue?
Assure Hldgs (IONM) reported $255K in total revenue for fiscal year 2023. This represents a -45.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Assure Hldgs's revenue growing?
Assure Hldgs (IONM) revenue declined by 45.9% year-over-year, from $471K to $255K in fiscal year 2023.
Is Assure Hldgs profitable?
No, Assure Hldgs (IONM) reported a net income of -$26.1M in fiscal year 2023, with a net profit margin of -10226.7%.
What is Assure Hldgs's earnings per share (EPS)?
Assure Hldgs (IONM) reported diluted earnings per share of $-6.10 for fiscal year 2023. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Assure Hldgs's EBITDA?
Assure Hldgs (IONM) had EBITDA of -$20.1M in fiscal year 2023, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Assure Hldgs have?
As of fiscal year 2023, Assure Hldgs (IONM) had $123K in cash and equivalents against $13.7M in long-term debt.
What is Assure Hldgs's gross margin?
Assure Hldgs (IONM) had a gross margin of -860.4% in fiscal year 2023, indicating the percentage of revenue retained after direct costs of goods sold.
What is Assure Hldgs's operating margin?
Assure Hldgs (IONM) had an operating margin of -7875.3% in fiscal year 2023, reflecting the profitability of core business operations before interest and taxes.
What is Assure Hldgs's net profit margin?
Assure Hldgs (IONM) had a net profit margin of -10226.7% in fiscal year 2023, representing the share of revenue converted into profit after all expenses.
What is Assure Hldgs's operating cash flow?
Assure Hldgs (IONM) generated -$5.0M in operating cash flow during fiscal year 2023, representing cash generated from core business activities.
What are Assure Hldgs's total assets?
Assure Hldgs (IONM) had $7.5M in total assets as of fiscal year 2023, including both current and long-term assets.
How many shares does Assure Hldgs have outstanding?
Assure Hldgs (IONM) had 7M shares outstanding as of fiscal year 2023.
What is Assure Hldgs's current ratio?
Assure Hldgs (IONM) had a current ratio of 0.30 as of fiscal year 2023, which is below 1.0, which may suggest potential liquidity concerns.
What is Assure Hldgs's debt-to-equity ratio?
Assure Hldgs (IONM) had a debt-to-equity ratio of -0.89 as of fiscal year 2023, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Assure Hldgs's return on assets (ROA)?
Assure Hldgs (IONM) had a return on assets of -347.1% for fiscal year 2023, measuring how efficiently the company uses its assets to generate profit.
What is Assure Hldgs's cash runway?
Based on fiscal year 2023 data, Assure Hldgs (IONM) had $123K in cash against an annual operating cash burn of $5.0M. This gives an estimated cash runway of approximately 0 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Assure Hldgs's debt-to-equity ratio negative or unusual?
Assure Hldgs (IONM) has negative shareholder equity of -$15.3M as of fiscal year 2023, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Assure Hldgs's Piotroski F-Score?
Assure Hldgs (IONM) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Assure Hldgs's earnings high quality?
Assure Hldgs (IONM) has an earnings quality ratio of 0.19x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Assure Hldgs cover its interest payments?
Assure Hldgs (IONM) has an interest coverage ratio of -13.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.