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Carebook Technologies Inc (TSE:CRBK)
TSXV:CRBK
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Earnings Data
Report Date
Apr 17, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 15, 2024
|% Change Since: -31.25%
|Next Earnings Date:Apr 17, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with slight revenue growth and positive developments in the employer vertical and financing terms. However, there were challenges with slowed revenue growth, increased net loss, and a notable bad debt expense. While the company maintains a positive outlook for 2024, the immediate financial indicators showed some negative trends.Company Guidance
During the Carebook Third Quarter 2024 Earnings Call, several key metrics and guidance points were highlighted. Revenue for Q3 2024 was reported at $3.6 million, marking a 2% increase from the previous year, with 64% derived from the employer vertical and 36% from the pharmacy vertical. Despite a slow in revenue growth, the company maintained its operating loss at $0.4 million, similar to the previous year. Adjusted EBITDA was near zero, down from $0.1 million in Q3 2023, with an adjusted EBITDA margin of -1%. The quarter also saw a net loss of $0.7 million, up from $0.4 million the previous year, partly due to a $0.1 million bad debt expense. The annual recurring revenue stood at $11.4 million, a slight 2% decrease year-over-year. Looking ahead, Carebook expects continued revenue growth and aims to achieve adjusted EBITDA breakeven in fiscal 2024, focusing on cost management to minimize cash burn and boost profit margins. The company also renewed its senior credit facilities, with improved terms and extended maturity, enhancing financial flexibility to support ongoing operations and strategies.Revenue Increase
Revenue for Q3 2024 was $3.6 million, a 2% increase from $3.5 million in Q3 2023, driven by increased license revenue from CoreHealth.
Employer Vertical Growth
64% of revenue came from the employer vertical, with continued increase in recurring revenue and new client implementations.
Strong Demand in Employer Market
High demand for health and wellness services in the employer market, with Carebook's solutions gaining recognition across North America and Europe.
Improved Financing Terms
Renewed and amended senior credit facilities with better financing terms, including an increase in the revolving facility from $3 million to $3.5 million.
Positive Financial Outlook
Carebook maintains a positive financial outlook for 2024, expecting continued revenue growth and cost management leading to increased cash flows.
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TSE:CRBK 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:CRBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 15, 2024 | C$0.08 | C$0.06 | -25.00% |
| Aug 21, 2024 | C$0.05 | C$0.05 | 0.00% |
| May 15, 2024 | C$0.06 | C$0.07 | +16.67% |
| Apr 01, 2024 | C$0.08 | C$0.06 | -25.00% |
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 Carebook Technologies Inc (TSE:CRBK) report earnings?
Carebook Technologies Inc (TSE:CRBK) is schdueled to report earning on Apr 17, 2025, TBA Not Confirmed.
What is Carebook Technologies Inc (TSE:CRBK) earnings time?
Carebook Technologies Inc (TSE:CRBK) earnings time is at Apr 17, 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:CRBK EPS forecast?
Currently, no data Available
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