Quipt Home MedicalNASDAQ: QIPT

CINCINNATI, March 12, 2024 (GLOBE NEWSWIRE) -- Quipt Home Medical Corp. (the “Company”) (NASDAQ: QIPT) (TSX: QIPT), a U.S. based home medical equipment provider, focused on end-to-end respiratory care, today announced the Company is scheduled to participate in the 36th Annual Roth Conference to be held in Laguna Niguel, California, on March 17-19, 2024.

Quipt Home Medical Corp. (QIPT) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.01 per share a year ago.

Quipt Home Medical Corp. (QIPT) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Quipt Home Medical Corp. (QIPT) Q4 2023 Earnings Call Transcript

Quipt Home Medical Corp. (QIPT) came out with a quarterly loss of $0.03 per share versus the Zacks Consensus Estimate of $0.02. This compares to earnings of $0.05 per share a year ago.

Quipt Home Medical provides in-home monitoring and disease management services, focusing on respiratory solutions. The company has expanded its operations to 26 states and serves nearly 300,000 patients. The stock has sold off following a dilutive share issuance, but the current price presents a reasonable margin of safety, but I'm not bullish yet.

The pullback in Quipt Home Medical Corp. has created a buying opportunity in my view as the stock price sets higher lows and breaks key technical levels. The company's Q3 numbers showed strong growth, with revenues up 64% YoY on 58% growth in the customer base. Quipt's economic characteristics, including its asset-light model and acquisition strategy, support its growth potential and intrinsic value.

Quipt started the year on fire following its largest acquisition in company history. QIPT dropped following a capital raise intended to give the company the flexibility to make continued acquisitions in the future. After largely recovering its momentum after the capital raise, QIPT reported outstanding earnings results, but the stock plummeted on the concurrent announcement of an ATM.

Quipt Home Medical Corp. (NASDAQ:QIPT ) Q2 2023 Earnings Conference Call May 16, 2023 10:00 AM ET Company Participants Greg Crawford - Chairman & Chief Executive Officer Hardik Mehta - Chief Financial Officer Conference Call Participants Doug Cooper - Beacon Securities Rahul Sarugaser - Raymond James Stefan Quenneville - Echelon Capital Markets Ty Collin - Eight Capital. Julian Hung - Stifel Operator Thank you for standing by.