ADAPTHEALTH CORP Reports Third Quarter Earnings Results for Fiscal Year 2023
November 20, 2023
🌥️Earnings Overview
For its third quarter of fiscal year 2023, which ended on September 30 2023, ADAPTHEALTH CORP ($NASDAQ:AHCO) reported total revenue of USD 804.0 million, a jump of 44.2% from the same period the prior year. Unfortunately, net income was USD -454.1 million, a significant decrease from its net income of 16.1 million in the same quarter the previous year.
Market Price
The stock opened at $8.0 and closed at $7.7, which was a 9.0% drop from its prior closing price of 8.4. During the quarter, the company made a number of strategic investments, including building out its sales and marketing team and expanding its portfolio of services. The company also continued to invest in technology to improve customer experience and drive growth. ADAPTHEALTH CORP is confident that these investments will position it to capitalize on future opportunities and drive long-term growth. It will continue to focus on increasing its reach and building out its brand and customer base to become a leader in the healthcare technology industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Adapthealth Corp. More…
| Total Revenues | Net Income | Net Margin |
| 3.08k | -426.77 | 0.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Adapthealth Corp. More…
| Operations | Investing | Financing |
| 422.32 | -412.66 | -64.26 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Adapthealth Corp. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.73k | 2.99k | 12.83 |
Key Ratios Snapshot
Some of the financial key ratios for Adapthealth Corp are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 53.1% | 58.4% | -10.4% |
| FCF Margin | ROE | ROA |
| 1.0% | -10.3% | -4.3% |
Analysis
GoodWhale has conducted an analysis on ADAPTHEALTH CORP‘s wellbeing. Through our Star Chart, we found that its overall health score was at 4/10, meaning that it has an intermediate health score. This means that the company might be able to safely ride out any crisis without the risk of bankruptcy. Additionally, we classified ADAPTHEALTH CORP as a ‘cheetah’, a type of company that has achieved high growth in both revenue and earnings but is considered less stable due to lower profitability. With this in mind, investors who are looking for growth potential should consider investing in the company. However, ADAPTHEALTH CORP is strong in growth, medium in profitability, and weak in assets and dividends. The company should focus on improving its performance in the areas of assets and dividends to further improve its health score and attract investors seeking higher returns. More…
Peers
The company operates in the United States, Canada, and Puerto Rico. AdaptHealth Corp was founded in 1992 and is headquartered in Plymouth, MN. Quipt Home Medical Corp is a home medical equipment company that provides oxygen and sleep therapy products and services. The company operates in the United States, Canada, and Puerto Rico. Quipt Home Medical Corp was founded in 2004 and is headquartered in Eden Prairie, MN. Viemed Healthcare Inc is a home medical equipment company that provides respiratory and sleep products and services. The company operates in the United States, Canada, and Puerto Rico. Viemed Healthcare Inc was founded in 2006 and is headquartered in Baton Rouge, LA. Apria Inc is a home medical equipment company that provides respiratory and sleep products and services. The company operates in the United States, Canada, and Puerto Rico. Apria Inc was founded in 1981 and is headquartered in Lake Forest, CA.
– Quipt Home Medical Corp ($TSXV:QIPT)
Quipt Home Medical Corp is a leading provider of home medical equipment and services. The company has a market capitalization of 207.5 million and a return on equity of 2.53%. Quipt Home Medical Corp provides a full range of home medical equipment and services, including oxygen therapy, sleep therapy, and mobility products. The company also offers a wide variety of home medical equipment rentals, repairs, and maintenance services.
– Viemed Healthcare Inc ($TSX:VMD)
Veemed Healthcare Inc. is a healthcare company that provides medical products and services. The company has a market cap of $351.69 million and a return on equity of 7.14%. The company provides medical products and services to hospitals, clinics, and other healthcare facilities.
Summary
AdapHealth Corp recently reported strong revenue growth of 44.2% year over year for the third quarter of its fiscal year 2023, ending on September 30 2023. Despite this impressive growth, the company posted a net loss of $454.1 million, a decrease from its net income the prior year. In response to this news, the company’s stock price dropped. Investors should carefully consider the company’s business model and financial performance before investing in AdapHealth Corp. It is important to assess both current and future prospects in order to make an informed decision.
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