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CareRx Corporation (T:CRRX)

Business Focus: Drug Retailers (NEC)

Sector:  Consumer Non-Cyclicals Industry:  Drug Retailers
Company Contact
Address: 320 Bay St. Suite 1200
Tel: N/A
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 93,000 residents in over 1,600 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 nine months ended 30 September 2023, CareRx Corp revenues decreased 3% to C$279.6M. Net loss decreased 94% to C$1.7M. 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 from C$24.3M (expense) to C$0K, Change in fair value of investment decrease from C$2.7M (expense) to C$0K.
Employees: 1,444 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $195.44M as of Sep 30, 2023
Annual revenue (TTM): $373.97M as of Sep 30, 2023
EBITDA (TTM): $25.69M as of Sep 30, 2023
Net annual income (TTM): -$6.39M as of Sep 30, 2023
Free cash flow (TTM): $24.84M as of Sep 30, 2023
Net Debt Last Fiscal Year: $97.77M as of Sep 30, 2023
Shares outstanding: 59,857,708 as of Feb 2, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization