Assure Holdings Corp. (V:IOM*CA)
Business Focus: Healthcare Facilities & Services (NEC)
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| Company Contact | |
| Address: | 7887 EAST BELLEVIEW AVENUE, SUITE 500 GREENWOOD VILLAGE CO 80111 |
| Tel: | 1-720-2873093 |
| Website: | N/A |
| IR: | N/A |
| Key People | ||
| John Allen Farlinger Executive Chairman of the Board, Chief Executive Officer | Paul Webster Interim Chief Financial Officer | |
| Business Overview |
| Assure Holdings Corp. is a provider of outsourced intraoperative neurophysiological monitoring (IONM) and remote neurology services. The Company delivers a suite of clinical and operational services to support surgeons and medical facilities during invasive procedures. Its IONM tool is used for various surgical verticals, such as neurosurgery, spine, cardiovascular, orthopedic, ear, nose, and throat (ENT), and other surgical procedures. Its in-house interoperative neurophysiologists (INP) provide the technical component IONM services from the operating room throughout the procedure, while telehealth-oriented supervising practitioners provide a level of redundancy and risk mitigation in support of the onsite INPs and the surgical team. It offers IONM services, including scheduling the INP and supervising practitioner, real-time monitoring, patient advocacy and subsequent billing for services provided. It provides IONM services for over 215 surgeons in 129 hospitals and surgery centers. |
| Financial Overview |
| For the nine months ended 30 September 2023, Assure Holdings Corp revenues decreased 37% to $226K. Net loss before extraordinary items increased 44% to $13.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Higher net loss reflects Gain on Paycheck Protection Program loan decrease from $1.7M (income) to $0K, Interest Expense/Income - Net increase of 20% to $1.5M (expense). |
| Employees: | 127 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $19.92M as of Sep 30, 2023 |
| Annual revenue (TTM): | $10.85M as of Sep 30, 2023 |
| EBITDA (TTM): | -$23.13M as of Sep 30, 2023 |
| Net annual income (TTM): | -$34.22M as of Sep 30, 2023 |
| Free cash flow (TTM): | -$7.65M as of Sep 30, 2023 |
| Net Debt Last Fiscal Year: | $14.20M as of Sep 30, 2023 |
| Shares outstanding: | 9,000,000 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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