Earnings ·
Viemed reports Q3 revenue of $80.7M and raises full-year guidance to $316M-$320M
VMDViemed Healthcare, Inc.
Viemed Healthcare reported third-quarter net revenue of $80.7 million, a record increase of 12.2% year over year, driven by growth in ventilator rentals and PAP therapy patients. Net income attributable to the company rose 32% to $4.6 million ($0.11 per diluted share), while Adjusted EBITDA increased 5.8% to $17.1 million. Management raised full-year revenue guidance to a range of $316 million to $320 million and narrowed the Adjusted EBITDA outlook to $64 million–$66 million, citing improved operating leverage and sequential growth expectations for the fourth quarter. The company also lowered its net capital expenditure guidance to 8.0%–9.0% of revenue. Viemed Healthcare is a national provider of technology-enabled home-based healthcare solutions and chronic disease management.