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The latest announcement is out from Quipt Home Medical ( (TSE:QIPT) ).
Quipt Home Medical Corp. reported its financial results for the first quarter of fiscal year 2025, showing a slight decrease in revenue to $61.4 million and a reduced net loss of $1.1 million. Despite the challenges posed by the cessation of the Medicare 75/25 blended rate and other setbacks, such as the non-renewal of a disposable supply contract, the company maintained strong cash flow and recurring revenue, along with a sequential improvement in adjusted EBITDA, which increased by 4.5% from the previous quarter.
More about Quipt Home Medical
Quipt Home Medical Corp. is a U.S.-based provider of home medical equipment, specializing in comprehensive respiratory care. The company aims to support patients with essential healthcare services directly in their homes.
YTD Price Performance: 0.95%
Average Trading Volume: 28,670
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$182.7M
See more data about QIPT stock on TipRanks’ Stock Analysis page.