SEMLER SCIENTIFIC Reports Q2 FY2023 Earnings on August 10th
August 22, 2023
🌥️Earnings Overview
Semler Scientific ($NASDAQ:SMLR) declared its financial performance for the fiscal quarter that ended on June 30 2023, on August 10 2023. The total revenue was USD 18.6 million, signifying a 25.4% growth from the same period in the preceding fiscal year. Net income rose to USD 5.9 million, a 44.5% increase compared to the same quarter in the previous year.
Market Price
SEMLER SCIENTIFIC, a leading provider of medical diagnostic products and services, reported its second-quarter earnings for the fiscal year 2023 on Thursday, August 10th. The stock opened at $23.7 and closed at $23.5, a 0.8% drop from its prior closing price of 23.7. This decrease in costs was attributed to the company’s focus on reducing their operating costs to remain competitive in the industry. Overall, SEMLER SCIENTIFIC’s second-quarter earnings were slightly below expectations, but still showed that the company is making progress in improving their financial performance and remains competitive in the medical diagnostic industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Semler Scientific. More…
| Total Revenues | Net Income | Net Margin |
| 64.65 | 17.74 | 27.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Semler Scientific. More…
| Operations | Investing | Financing |
| 21.79 | -18.25 | -4.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Semler Scientific. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 75.46 | 10.2 | 9.53 |
Key Ratios Snapshot
Some of the financial key ratios for Semler Scientific are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 24.1% | 26.7% | 33.3% |
| FCF Margin | ROE | ROA |
| 30.2% | 21.3% | 17.8% |
Analysis
GoodWhale has conducted an analysis of SEMLER SCIENTIFIC‘s financials and come to the conclusion that it has a high health score of 10/10, considering its cashflows and debt. This indicates that it is capable of sustaining future operations in times of crisis. Upon further analysis, we have classified SEMLER SCIENTIFIC as a ‘gorilla’ type of company, one that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given these characteristics, we believe that investors who are interested in stable growth and competitive advantage should consider investing in SEMLER SCIENTIFIC. Although the company does not offer a high dividend, it is strong in asset growth, profitability, and has a strong competitive edge. These factors make it an attractive option for investors who want to benefit from long-term growth. More…
Peers
The Company operates through two segments: Semler and Quidel. Semler provides personalized medicine products and services to help physicians and other healthcare providers improve patient care and reduce costs. Quidel provides diagnostic solutions, including molecular diagnostics, rapid diagnostic tests, and immunoassays.
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Summary
SEMLER SCIENTIFIC reported strong financial results for the second quarter of FY2023, with total revenue increasing 25.4% year-on-year to USD 18.6 million and net income up 44.5%. The company’s impressive growth metrics demonstrate its strong fundamentals and make it an attractive opportunity for investors. Its healthy balance sheet, low debt levels, and attractive valuation make it a lucrative investment proposition. Going forward, SEMLER SCIENTIFIC is well-positioned to capitalize on further growth opportunities and should be watched closely by potential investors.
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