IMAC Holdings Inc (OQ:BACK)
Business Focus: Hospitals, Clinics & Primary Care Services
| Sector: Healthcare | Industry: Healthcare Facilities & Services |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1605 Westgate Cir BRENTWOOD TN 37027 |
| Tel: | 1-212-8383777 |
| Website: | https://imacregeneration.com |
| IR: | See website |
| Key People | ||
| Jeffrey S. Ervin Chairman of the Board, Chief Executive Officer, Co-Founder | Matthew C. Wallis Co-Founder, Director | Sheri Gardzina Chief Financial Officer |
| Business Overview |
| IMAC Holdings, Inc. is a clinical research and commercialization company. The Company is focused on innovative medical advancements and care in the oncology, neurological, and orthopedic medical specialties. The Company is focused on providing natural, non-opioid solutions to pain as consumers demand conservative treatments for an aging population. Its Investigational New Drug division conducted a clinical trial for its investigational compound utilizing umbilical cord-derived allogenic mesenchymal stem cells for the treatment of bradykinesia due to Parkinson's disease. The Company is also engaged in providing the precision medicine business. The Company's technology, through its patented phosphoprotein and protein biomarker platform and lab developed tests (LDTs), targets multiple areas of oncology and drug development. Its LDTs are utilized by oncologists across the United States to assist in making the targeted treatment plan for their patients with advanced breast cancer. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, IMAC Holdings Inc revenues was not reported. Net loss applicable to common stockholders excluding extraordinary items decreased 45% to $6.5M. Lower net loss reflects Labor & Related Expenses in SGA decrease of 67% to $1.3M (expense), G/L on Sale of Tangible & Intangible FA decrease of 24% to $3.4M (expense), Selling/Gdmin Expense decrease of 41% to $1.5M (expense). |
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