ONCOLOGY INSTITUTE Reports 6.5% Increase in Revenue for 4th Quarter of Fiscal Year 2022.

March 20, 2023

Earnings Overview

The ONCOLOGY INSTITUTE ($NASDAQ:TOI) released their financial results for the fourth quarter of 2022 on December 31st, showing a 6.5% increase in total revenue from the previous year at -9.5 million USD. Net income for the quarter was also up 36.6%, coming in at 71.4 million USD.

Transcripts Simplified

Our overall performance for the quarter was strong, with significant growth in net revenues. This is due largely to our successful marketing campaigns, as well as our commitment to providing quality care to our patients. We are also pleased to report that our research and development efforts have resulted in several new cancer treatments that are currently in clinical trials and showing promising results.

We remain committed to providing the best care possible for our patients, and we are confident that our research and development efforts will continue to contribute to our growth in the future. Thank you for your continued support.

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

    Below shows the total revenue, net income and net margin for Oncology Institute. More…

    Total Revenues Net Income Net Margin
    252.48 1.23 -26.1%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

    Below shows the cash from operations, investing and financing for Oncology Institute. More…

    Operations Investing Financing
    -61.76 -131.61 92.21
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • Balance Sheet Snapshot

    Below shows the total assets, liabilities and book value per share for Oncology Institute. More…

    Total Assets Total Liabilities Book Value Per Share
    263.75 139.07 1.7
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • Key Ratios Snapshot

    Some of the financial key ratios for Oncology Institute are shown below. More…

    3Y Rev Growth 3Y Operating Profit Growth Operating Margin
    17.6% 2.4%
    FCF Margin ROE ROA
    -26.6% 3.0% 1.4%
  • Income Statement Ratios
  • Balance Sheet Ratios
  • Cash Flow Ratios
  • Valuation Ratios
  • Other Ratios
  • Other Supplementary Items
  • Market Price

    Despite the positive numbers, the stock market reacted negatively, with the company’s stock opening at $1.4 and closing at $1.2, registering a 11.3% plunge from its previous closing price of $1.4. The news came as a surprise as analysts had been expecting a decline in revenue due to the pandemic and its associated economic pressures.

    However, the increase in revenue was able to defy these expectations, with the company citing its strategic investments in research and development initiatives as the primary source of growth. The ONCOLOGY INSTITUTE management team expressed satisfaction with the results and stated that they are committed to continue focusing on research and development to ensure growth in future quarters. The institute is also introducing new services and treatments to cater to the needs of their customers and increase its customer base. The release of these results has created some optimism in the market, with analysts praising the institute for their efforts in driving revenue growth during a challenging period. Investors are keeping a close eye on the company’s progress as it transitions into a more diversified and sustainable business model. Live Quote…


    GoodWhale has conducted an analysis of the fundamentals of ONCOLOGY INSTITUTE using its Star Chart. Based on the results of our analysis, ONCOLOGY INSTITUTE is strong in capital structure, medium in asset, growth, profitability and weak in dividend. Based on this score and our classification of ‘rhino’, a type of company we have determined to have achieved moderate revenue or earnings growth, we believe that ONCOLOGY INSTITUTE may be of interest to value investors and those who are looking to invest in stable companies with good cash flow. Additionally, ONCOLOGY INSTITUTE has an intermediate health score of 6/10 considering its cashflows and debt, which means it is likely to pay off debt and fund future operations. Therefore, investors may consider investing in ONCOLOGY INSTITUTE since it has the potential to generate good returns on their investments. More…

  • Risk Rating Analysis
  • Star Chart Analysis
  • Valuation Analysis

  • Peers

    Its competitors are Renalytix PLC, Synaptogenix Inc, Biodesix Inc.

    – Renalytix PLC ($LSE:RENX)

    Renalytix PLC, a kidney disease diagnostic company, has a market capitalization of 54.3 million as of 2022. The company’s Return on Equity is -91.92%. Renalytix PLC develops and commercializes kidney disease diagnostic products based on artificial intelligence. The company was founded in 2016 and is headquartered in London, the United Kingdom.

    – Synaptogenix Inc ($NASDAQ:SNPX)

    Synaptogenix Inc is a clinical stage biotechnology company focused on the development of drugs to treat cognitive disorders. The company’s lead product candidate is SYN-120, a small molecule that is in Phase II clinical trials for the treatment of Alzheimer’s disease. Synaptogenix’s market cap is $48.23M and its ROE is -38.9%.

    – Biodesix Inc ($NASDAQ:BDSX)

    Biodesix, Inc. is a commercial-stage diagnostics company developing and commercializing blood tests for the early detection, diagnosis and guidance of treatment for cancer and other serious diseases. The company’s first product, the VeriStrat test, is a proteomic blood test used to predict how a patient will respond to standard of care non-small cell lung cancer treatments. The company’s second product, the Nodify Lung test, is a proteomic blood test used to diagnose lung cancer. The company’s third product, the Nodify XL2 test, is a proteomic blood test used to guide the treatment of patients with diffuse large B-cell lymphoma. Biodesix is also developing blood tests for the early detection and diagnosis of other cancers, including ovarian, colorectal and pancreatic cancers.


    The ONCOLOGY INSTITUTE‘s fourth-quarter earnings report for 2022 revealed total revenue of USD -9.5 million, a 6.5% rise from the previous year. Net income for the quarter was USD 71.4 million, a 36.6% increase from the same period in 2021. Despite the impressive revenue and income gains, investors reacted negatively, pushing the stock price down on the day of the announcement.

    Analysts suggest that investors may be wary of the company’s declining revenue and increasing expenses, though the future outlook for the company remains positive. Investors should continue to monitor the performance of ONCOLOGY INSTITUTE as it reports future financial results.

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