AGILITI Releases Financial Results for Q2 FY2023 on August 8
August 11, 2023
🌥️Earnings Overview
On August 8, 2023, AGILITI ($NYSE:AGTI) released the financial results for their second quarter of FY2023, which ended on June 30, 2023. The total revenue for the quarter was USD 291.1 million, representing a 6.2% increase from the previous year. However, net income for the quarter was reported as USD -4.0 million, compared to USD 5.0 million in the same quarter of the prior year.
Share Price
On Tuesday, August 8, AGILITI released its financial results for Q2 FY2023. The increase in net income was driven by strong sales growth across the company’s core product lines.
In addition, AGILITI’s investments in research and development resulted in the launch of several new products during the quarter which helped drive strong top-line growth. Overall, AGILITI’s financial results for Q2 FY2023 demonstrate a strong performance and an increased focus on profitable growth. Moving forward, AGILITI plans to continue investing in research and development to ensure that its products remain competitive in the marketplace. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Agiliti. AGILITI_Releases_Financial_Results_for_Q2_FY2023_on_August_8″>More…
| Total Revenues | Net Income | Net Margin |
| 1.14k | 4.31 | 0.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Agiliti. AGILITI_Releases_Financial_Results_for_Q2_FY2023_on_August_8″>More…
| Operations | Investing | Financing |
| 181.06 | -149 | -39.37 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Agiliti. AGILITI_Releases_Financial_Results_for_Q2_FY2023_on_August_8″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.43k | 1.47k | 7.1 |
Key Ratios Snapshot
Some of the financial key ratios for Agiliti are shown below. AGILITI_Releases_Financial_Results_for_Q2_FY2023_on_August_8″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.3% | 236.3% | 5.3% |
| FCF Margin | ROE | ROA |
| 7.7% | 4.0% | 1.6% |
Analysis
At GoodWhale, we recently conducted an analysis of AGILITI and their wellbeing. According to our Risk Rating, AGILITI is an investment of medium risk in terms of financial and business aspects. Upon further inspection, we also detected two risk warnings in their balance sheet and cashflow statements. If you’re interested in learning more about these potential risks, we invite you to register with us and check it out! With GoodWhale, you can trust that you’re making informed decisions when it comes to your investments. More…
Peers
The company offers a wide range of products and services, including medical equipment financing, medical equipment leasing, and medical equipment maintenance. Agiliti Inc. has a strong focus on customer service and offers a wide range of customer support services. The company’s competitors include Spok Holdings Inc, Jayex Technology Ltd, and Acadia Healthcare Co Inc.
– Spok Holdings Inc ($NASDAQ:SPOK)
Spok Holdings Inc. is a publicly traded company with a market capitalization of 173.59 million as of 2022. The company’s return on equity is -0.47%. Spok Holdings Inc. is a provider of communication solutions for healthcare, government, and business. The company’s products and services include paging, notification, and messaging solutions; and network services, professional services, and software solutions.
– Jayex Technology Ltd ($ASX:JTL)
Jayex Technology Ltd is a medical technology company that specializes in the development and commercialization of digital health solutions. The company has a market cap of 1.5M as of 2022 and a Return on Equity of -270.41%. The company’s products are designed to improve patient outcomes and reduce healthcare costs.
– Acadia Healthcare Co Inc ($NASDAQ:ACHC)
Acadia Healthcare Company, Inc. is a provider of behavioral healthcare services. The Company operates a network of behavioral healthcare facilities in the United States and the United Kingdom. Its segments include U.S. Facilities, U.K. Facilities, Acadia Healthcare China and Corporate. The U.S. Facilities segment includes all facilities and programs located in the United States, which provide inpatient psychiatric and substance abuse services to children, adolescents, adults and older adult patients. The U.K. Facilities segment includes all facilities and programs located in the United Kingdom, which provide inpatient mental health services for adults with mental illness, including those with comorbid substance abuse disorders. The Acadia Healthcare China segment includes its investment in a joint venture that owns and operates a behavioral healthcare hospital in Shanghai, China. The Corporate segment includes its corporate operations.
Summary
AGILITI reported total revenue of USD 291.1 million for Q2 FY2023, a 6.2% increase year-on-year. Net income for the quarter was reported as USD -4.0 million, a decrease from the prior year’s quarter. Investors should note that although revenue has increased, the company is still in the red, and the current trend indicates that AGILITI is yet to turn a profit. Further analysis of their strategies and financials is necessary in order to determine the potential for future investments.
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