Quipt Home Medical Corp Stock Price, News & Analysis

Quipt Home Medical Corp. (NASDAQ: QIPT) announced management's upcoming participation in investor conferences, including the Benzinga Healthcare Small Cap Conference on September 30, 2021, and the MicroCap Rodeo on October 5, 2021. Live webcasts of these presentations will be accessible on the company's website, with replays available post-event. Quipt focuses on in-home monitoring and chronic disease management, aiming to enhance shareholder value by expanding service offerings for patients with various health conditions.

Quipt Home Medical Corp. (NASDAQ:QIPT) will ring the Nasdaq Opening Bell on September 2, 2021, in celebration of its recent listing. CEO Greg Crawford highlighted the achievement as a milestone for the company and its over 600 employees. Quipt has experienced significant growth, adding 25,000 active patients and generating over $11 million in revenue across four new states in the last two months. The company aims to expand its offerings in chronic disease management while enhancing shareholder value by increasing annual revenue per patient.

Quipt Home Medical Corp. (NASDAQ: QIPT) reported a 41% increase in revenue for Q3 2021, totaling $26.2 million, compared to $18.6 million in Q3 2020. Year-to-date, the Company achieved 11% organic growth. Adjusted EBITDA rose 21% to $5.3 million, with a margin of 20.2%. Net income was $6.3 million or $0.19 per share. The Company reported 75% recurring revenue and increased its customer base by 74%. Quipt continues its expansion strategy, integrating three new acquisitions with estimated annual revenues of $5.5 million.

Quipt Home Medical Corp. (NASDAQ: QIPT) recently announced the acquisition of a Missouri-based business, expected to generate $5.5 million in annualized revenues and increase Adjusted EBITDA by $1.1 million post-integration.

The transaction, valued at approximately $2.25 million in cash, adds three new locations and 15,000 active patients, enhancing Quipt's network of 145,000 active patients and 60 locations across the U.S.

Quipt Home Medical Corp. (NASDAQ:QIPT) is set to release its third quarter 2021 financial results on August 23, 2021, after market close. CEO Gregory Crawford and CFO Hardik Mehta will host a conference call on August 24, 2021, at 10:00 a.m. ET. The company specializes in in-home monitoring and disease management services, particularly for respiratory care, and aims to enhance shareholder value by expanding its service offerings. Quipt's strategy focuses on increasing annual revenue per patient by providing multiple services to streamline patient care.

Quipt Home Medical Corp. (NASDAQ:QIPT) will host a webcast presentation on August 11, 2021, at the 41st Annual Canaccord Growth Conference.

The presentation, taking place at 8:30 AM EDT, will be accessible via the investors' section of Quipt's website. The company specializes in home medical equipment and end-to-end respiratory care, aiming to enhance patient services and expand its chronic disease management offerings.

For detailed information, visit Quipt's website.

Quipt Home Medical Corp. has expanded its national footprint by acquiring three entities across California, Missouri, Arkansas, and Mississippi.

These acquisitions are expected to generate approximately $5.5 million in annualized revenues and an Adjusted EBITDA margin of 10% prior to integration.

With the addition of over 10,000 active patients and six locations, Quipt aims to leverage existing infrastructure for enhanced growth and efficiency.

Quipt Home Medical Corp. has successfully exercised common share purchase warrants, generating proceeds of $17.5 million over the past 12 months. The company issued 3,389,825 common shares at a price of CAD$6.40 each, with the vast majority issued since April 2021. Following this issuance, Quipt's total common shares outstanding stands at 33,102,529. CEO Greg Crawford views the warrant exercises as a strong vote of confidence from shareholders, expressing optimism about the company's acquisition plans and its future growth in the durable medical equipment sector.

Quipt Home Medical (NASDAQ:QIPT) will present at the Access to Giving Virtual Investor Conference from July 13-15, 2021. CEO Greg Crawford is set to speak on July 13 at 10:30 a.m. EDT. The conference aims to enhance investor education, featuring over 50 companies and various panels. Quipt will also hold one-on-one meetings for potential investors. Attendance is free, and the presentation will be available via live webcast.