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Numinus Wellness Inc (TSE:NUMI)
:NUMI
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Earnings Data
Report Date
Jan 20, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.03Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2021
|% Change Since: -20.00%
|Next Earnings Date:Jun 30, 2020
Earnings Call Sentiment|Neutral
The call highlighted significant strategic initiatives, including cost reductions and a major acquisition aimed at future growth. However, these positives were offset by declining revenue and margins, leading to a balanced sentiment.Company Guidance
During the Numinus Wellness Inc. Q3 2024 earnings call, the company provided comprehensive guidance focused on optimizing operations for profitability and strategic growth. Key initiatives included the closure of non-revenue-generating business lines and a significant reduction in headcount by 60%, with an aim to cut the burn rate to under $1 million per month, which was achieved by October. The company also transitioned out of Canadian clinic operations, partnering with Field Trip Health, and concentrated on U.S. clinic operations, where appointments decreased by 6% over Q2, but new client appointments rose by 24%, and ketamine and SPRAVATO appointments increased by 15%. Revenue for the quarter was $4.3 million, reflecting a year-over-year decline due to the wind-down of Arizona clinics and a focus on high-margin services. Operating expenditures decreased by 22% to $4.9 million, with a net loss of $5.1 million or $0.02 per share. Looking forward, Numinus is set to acquire MedBright AI, enhancing its capabilities with AI-driven solutions and rebranding to Numinus Intelligence. The acquisition is expected to close by August, poised to open new high-margin revenue streams in the U.S. mental health sector.Significant Cost Reduction Achieved
The company reduced its headcount by 60% and successfully lowered its burn rate to under $1 million per month, maintaining this target into the third quarter.
Strategic Transition to U.S. Operations
Numinus transitioned out of Canadian clinic operations, focusing on U.S.-based clinics. New client appointments increased by 24% and ketamine and SPRAVATO appointments rose by 15% in Q3.
Proposed Acquisition of MedBright AI
The acquisition of MedBright AI aims to enhance clinic efficiency with AI solutions, providing infrastructure in a SaaS model, and is seen as a significant opportunity for growth.
Increased Revenue from Cedar Clinical Research
Revenue from Cedar Clinical Research increased by 10.7% to $0.8 million in Q3 due to a new clinical trial, showing a positive trend despite other declines.
Growth in Practitioner Training Program
The program grew from 400 learners in Q4 2023 to over 1,650 by May 31, 2024, indicating strong interest and uptake.
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TSE:NUMI 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:NUMI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 27, 2024 | C$0.05 | C$0.06 | +20.00% |
| Jul 11, 2024 | C$0.04 | C$0.04 | 0.00% |
| Apr 12, 2024 | C$0.10 | C$0.08 | -20.00% |
| Jan 15, 2024 | C$0.18 | C$0.15 | -16.67% |
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 Numinus Wellness Inc (TSE:NUMI) report earnings?
Numinus Wellness Inc (TSE:NUMI) is schdueled to report earning on Jan 20, 2025, TBA Not Confirmed.
What is Numinus Wellness Inc (TSE:NUMI) earnings time?
Numinus Wellness Inc (TSE:NUMI) earnings time is at Jan 20, 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:NUMI EPS forecast?
Currently, no data Available
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