CareRx Corporation (T:CRRX)
Business Focus: Drug Retailers (NEC)
| Sector: Consumer Non-Cyclicals | Industry: Drug Retailers |
| Company Contact | |
| Address: | 320 Bay St. Suite 1200 TORONTO ON M5H 4A6 |
| Tel: | N/A |
| Website: | https://www.carerx.ca |
| IR: | See website |
| Key People | ||
| Puneet Khanna President, Chief Executive Officer, Chief Operating Officer | Andrew Mok Chief Financial Officer | Adrianne Sullivan-Campeau Chief People and Culture Officer |
| Paul Rakowski Senior Vice President - Corporate Development, General Counsel, Corporate Secretary | Travis Featherstone Vice President Information Technology | |
| Business Overview |
| CareRx Corporation is a Canada-based provider of pharmacy services to seniors living communities. The Company serves over 94,000 residents in over 1,500 senior and other congregate care communities, including long-term care homes, retirement homes, assisted living facilities, and group homes. It supports its home care partners by providing solutions for the supply of chronic medication. It offers a range of medication solutions. Its technology automates the preparation and verification of multi-dose compliance packaging of medication, providing the safety and adherence for individuals with complex medication regimes. Its network of pharmacy fulfillment centers delivers solutions for the supply of chronic medication and other specialty clinical pharmacy services. The Company provides services in rural and urban areas throughout Ontario, Alberta, British Columbia, and parts of Saskatchewan. It works with home operator partners to promote resident health, staff education and others. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, CareRx Corp revenues decreased 3% to C$370.7M. Net loss decreased 84% to C$5.4M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Lower net loss reflects Goodwill and intangible assets impairmen decrease of 97% to C$710K (expense), Share-based compensation expense decrease of 68% to C$1.5M (expense). |
| Employees: | 1,444 as of Dec 31, 2022 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $228.70M as of Dec 31, 2023 |
| Annual revenue (TTM): | $370.75M as of Dec 31, 2023 |
| EBITDA (TTM): | $27.20M as of Dec 31, 2023 |
| Net annual income (TTM): | -$5.41M as of Dec 31, 2023 |
| Free cash flow (TTM): | $18.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $90.84M as of Dec 31, 2023 |
| Shares outstanding: | 59,921,923 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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