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Quipt Home Medical (QIPT)
NASDAQ:QIPT
RESEARCH TOOLSreports
Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
-0.01Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2019
|% Change Since: 5.21%
|Next Earnings Date:Aug 28, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant revenue and customer growth, expansion efforts, and strong recurring revenue. However, it also addressed challenges such as decreased EBITDA margin, industry-wide obstacles, and costs associated with ongoing investigations and market changes. Looking forward, the company remains optimistic about returning to historical growth levels.Company Guidance
During the Q4 2024 earnings call for Quipt Home Medical Corp (QIPT.TO), the company provided guidance that highlighted a focus on sustained organic growth and strategic acquisitions. Key metrics shared included a record revenue of $245.9 million for fiscal 2024, marking a 16% year-over-year increase, with an adjusted EBITDA of $57.9 million and a margin of 23.5%. The company reported a sequential organic growth of 1% in Q4 and aims to return to historical organic growth rates of 8% to 10% in calendar year 2025. Quipt's resupply program served 172,000 patients, contributing to a robust recurring revenue base that exceeded 78% of total revenue. Despite challenges such as the expiration of the Medicare 75-25 relief and the Humana capitation agreement impacting revenue by approximately $5 million, the company maintains a conservative net leverage of 1.6x, providing flexibility for future growth initiatives. Looking ahead, Quipt anticipates leveraging technology and strategic partnerships to enhance operational efficiencies and expand its market presence, with an optimistic outlook for fiscal 2025.Record Revenue and Growth
Achieved record revenue of $245.9 million for fiscal 2024, representing a 16% year-over-year growth. Adjusted EBITDA was $57.9 million, a 14% increase over last year.
Expansion and Customer Base Growth
Expanded to over 135 locations across 26 states with over 314,000 active patients. The customer base grew 10% year-over-year.
Increased Respiratory Resupply Setups
Respiratory resupply setups and deliveries increased to 480,000 for the year ended September 30, 2024, reflecting a growth of 21%.
Strong Recurring Revenue
Recurring revenue remained strong, exceeding 78% of total revenue in fiscal year 2024.
Positive Adjustments for Medicare and Medicaid
Centers for Medicare and Medicaid Services announced positive CPI adjustments for 2025 fee schedules, ranging from 2.4% to 3%.
Growing Sleep Business
GLP-1 medications have no negative impact on demand. Referral activity for new device setups remains steady, with replacement supply volumes strong.
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QIPT 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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QIPT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 16, 2024 | $3.07 | $2.60 | -15.15% |
| Aug 14, 2024 | $3.34 | $2.74 | -17.96% |
| May 15, 2024 | $3.97 | $3.40 | -14.36% |
| Feb 14, 2024 | $4.90 | $4.50 | -8.16% |
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 Quipt Home Medical (QIPT) report earnings?
Quipt Home Medical (QIPT) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Quipt Home Medical (QIPT) earnings time?
Quipt Home Medical (QIPT) earnings time is at Mar 04, 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 QIPT EPS forecast?
QIPT EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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