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CareRx Corporation (T:CRRX)

Business Focus: Drug Retailers (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Drug Retailers
See Regulatory Filings on SEDAR
Company Contact
Address: 20 Eglinton Ave W
Tel: N/A
IR: See website
Key People
Business Overview
CareRx Corporation is a Canada-based company that provides pharmacy services to seniors homes and other congregate care settings. The Company is a national organization with a network of pharmacy fulfillment centers strategically located across the country. The Company serves over 96,000 residents in over 1,600 seniors and other communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. It plays a role in supporting its home care partners by providing various solutions for the supply of chronic medication. It uses technology that automates the preparation and verification of multi-dose compliance packaging of medication, providing the levels of safety and adherence for individuals with complex medication regimes. It offers a range of technology and program solutions, which includes eMAR Integration, Digital Prescribing, Nursing Portal and Karie Medication Dispenser.
Financial Overview
For the six months ended 30 June 2022, CareRx Corp revenues increased from C$94.5M to C$190.1M. Net loss increased 94% to C$27.9M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Other operating increase from C$10.5M to C$24M (expense), Employee costs increase of 66% to C$15.1M (expense).
Employees: 1,378 as of Dec 31, 2021
Reporting Currency: Canadian Dollars
Enterprise value: $278.56M as of Jun 30, 2022
Annual revenue (TTM): $358.17M as of Jun 30, 2022
EBITDA (TTM): $28.53M as of Jun 30, 2022
Net annual income (TTM): -$36.27M as of Jun 30, 2022
Free cash flow (TTM): -$5.32M as of Jun 30, 2022
Net Debt Last Fiscal Year: $125.42M as of Jun 30, 2022
Shares outstanding: 47,473,775 as of Aug 5, 2022
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization