Quipt Home Medical gains on upbeat quarterly profit

Quipt Home Medical

22/12/2022 16:31

** Shares of healthcare facilities & services provider Quipt
Home Medical Corp  QIPT.O  up ~3% at $4.80
    ** Company late on Wednesday reported better-than-expected
Q4 adj. EPS of 7 cents​​, beating analysts' expectations of 2
cents - Refinitiv data 
    ** QIPT's quarterly revenue rose 37.7% to $40.09 mln from a
year ago; analysts had expected $40.39 mln in revenue
    ** Co says it completed 516,328 unique set-ups/deliveries in
fiscal year 2022 vs 364,367 in the prior year; Also completed
eight acquisitions in the year
    ** Also reports its customer base increased 23% y-o-y
    ** All 3 brokerages covering the stock rate it "buy" or
higher; median PT $10, according to Refinitiv data 
    ** QIPT shares have lost ~11% so far this year
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))