Certive Solutions Inc. (C:CBP)
Business Focus: Management Consulting Services
| Sector: Industrials | Industry: Business Support Services |
| Company Contact | |
| Address: | Suite 1140 - 1185 West Georgia Street VANCOUVER BC V6E 4E6 |
| Tel: | N/A |
| Website: | https://certivehealth.com |
| IR: | See website |
| Key People | ||
| N/A | ||
| Business Overview |
| Certive Solutions Inc. is a Canada-based company that provides revenue cycle management services to United States hospitals. The services are delivered collaboratively, utilizing workflow document management and analytics tools for health care business processes. It provides services to hospital clients enhancing the efficiency and effectiveness of lost charge recovery services, in revenue sharing relationships that improve hospital clients net operating results. Its revenue cycle services assist hospitals with the complexity of the reimbursement process and improve their financial and quality performance. Its cybersecurity solutions allow health care providers to protect their networks, their data, and their patients from malicious agents and aggressors. Its primary operations are provided by its subsidiary, Certive Health Inc. (CHI), which includes its wholly owned subsidiaries, Certive Health Revenue Solutions Inc. (CHRS) and Certive Health Compliance Solutions Inc. (CHCS). |
| Financial Overview |
| For the six months ended 30 November 2023, Certive Solutions Inc revenues decreased 1% to $629K. Net loss decreased 7% to $971K. Revenues reflect Lost charge recovery revenue decrease of 23% to $358K. Lower net loss reflects Salaries and wages decrease of 29% to $315K (expense), Consulting Fees decrease of 59% to $30K (expense), Sales and marketing decrease from $24K (expense) to $0K. |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $13.84M as of Nov 30, 2023 |
| Annual revenue (TTM): | $1.72M as of Nov 30, 2023 |
| EBITDA (TTM): | -$1.47M as of Nov 30, 2023 |
| Net annual income (TTM): | -$2.19M as of Nov 30, 2023 |
| Free cash flow (TTM): | -$1.02M as of Nov 30, 2023 |
| Net Debt Last Fiscal Year: | $8.12M as of Nov 30, 2023 |
| Shares outstanding: | 169,145,135 as of Nov 30, 2023 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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