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Carerx Corporation (TSE:CRRX)
:CRRX
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.02Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 14, 2018
|% Change Since: 20.33%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call reflects a company in a growth phase with consistent EBITDA improvement, debt reduction, and strategic expansion plans. However, challenges remain with a slight decline in revenue and continued net losses. The future outlook appears positive with a strong pipeline and strategic investments.Company Guidance
During the CareRx Q3 2024 earnings call, CEO Puneet Khanna emphasized several key metrics indicating the company's financial health and strategic direction. The company reported revenue of $92.8 million, a slight decrease from $93.8 million in Q3 2023, but an increase from $92 million in Q2 2024. Adjusted EBITDA grew 6.2% year-over-year to $7.8 million, marking the fifth consecutive quarter of EBITDA growth, with an adjusted EBITDA margin increase of 60 basis points to 8.4%. A significant achievement was the reduction of net debt by $25 million over the past year, with current net debt standing at $38.3 million. Additionally, the company secured almost 3,000 new beds for future growth and announced the opening of a high-volume fulfillment center in North Burnaby, British Columbia, expected to drive efficiencies and support the company's target of achieving double-digit EBITDA margins.Consistent EBITDA Growth
The third quarter of 2024 marks the fifth consecutive quarter of EBITDA growth, with adjusted EBITDA growing 6.2% year-over-year to $7.8 million and a margin increase of 60 basis points to 8.4%.
Debt Reduction and Financial Flexibility
Net debt was reduced by $8.5 million to $38.3 million compared to the previous quarter, with a net debt to annualized run rate adjusted EBITDA ratio of 1.2x, down from 1.6x.
New Fulfillment Center
CareRx announced the opening of a new high-volume fulfillment center in North Burnaby, British Columbia, enhancing service delivery and employee experience.
Pipeline Growth and Secured Beds
CareRx has secured almost 3,000 beds for the next year, with expectations for growth as the regulatory approvals are processed.
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TSE:CRRX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:CRRX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 08, 2024 | C$1.82 | C$1.90 | +4.40% |
| Aug 08, 2024 | C$2.22 | C$2.25 | +1.35% |
| May 10, 2024 | C$2.04 | C$2.03 | -0.49% |
| Mar 07, 2024 | C$1.70 | C$1.75 | +2.94% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carerx Corporation (TSE:CRRX) report earnings?
Carerx Corporation (TSE:CRRX) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Carerx Corporation (TSE:CRRX) earnings time?
Carerx Corporation (TSE:CRRX) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:CRRX EPS forecast?
TSE:CRRX EPS forecast for the fiscal quarter 2024 (Q4) is 0.02.
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