![]() ![]() ![]() Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “potential”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, “believes”, or “projects”, or the negatives thereof or variations of such words and phrases or statements that certain actions, events or results “will”, “should”, “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative of these terms or comparable terminology. Private Securities Litigation Reform Act of 1995 or “forward-looking information” as such term is defined in applicable Canadian securities legislation (collectively, “forward-looking statements”). Visit our website at For further information, please contact:Ĭertain statements contained in this press release may constitute “forward-looking statements” within the meaning of the U.S. Viemed’s service offerings are focused on effective in-home treatment with clinical practitioners providing therapy and counseling to patients in their homes using cutting-edge technology. Viemed is a provider of in-home medical equipment and post-acute respiratory healthcare services in the United States. Interested parties may participate in the call by dialing:įollowing the conclusion of the call, an audio recording and transcript of the call can be accessed on the Company's website. The Company will host a conference call to discuss fourth quarter and year end results on Friday, Maat 11:00 a.m. A live stream of the Nasdaq Bell Ringing Ceremony will be available at: ET, representatives from Viemed will be in attendance at the Nasdaq MarketSite in Times Square while Casey Hoyt, CEO, rings the Opening Bell. I'm extraordinarily proud of the current state of our organization and very excited about upcoming opportunities to treat a rapidly expanding patient base.” "The healthcare market and regulatory environment are stabilizing and we are at an inflection point of opportunity for both organic and inorganic growth. “Our favorable resolution of the OIG matter, debt free balance sheet, and access to $90 million of additional liquidity through new credit facilities have us in an incredibly strong position to capitalize on the positive trends in our industry," said Casey Hoyt, Viemed's CEO. The Company expects to generate net revenues attributable to its core business of approximately $38.0 million to $39.0 million during the first quarter of 2023. ![]() During the year ended December 31, 2022, the Company repurchased and cancelled 1,794,163 common shares under the share repurchase program at a cost of $9.6 million, representing an average buyback price of $5.33 per share.The Company had a cash balance of $16.9 million at Decem($28.4 million at December 31, 2021), an overall working capital balance of $20.9 million at Decem($29.5 million at December 31, 2021), and repaid all long-term debt as of December 31, 2022.GAAP financial measures can be found in the tables accompanying this press release. A reconciliation of reported non-GAAP financial measures to their most directly comparable U.S. Adjusted EBITDA for the quarter and year ended Decemtotaled approximately $9.3 million and $30.0 million, respectively. Net income for the quarter and year ended Decemtotaled $2.4 million and $6.2 million, respectively.Total net revenues for the year ended Decemwere $138.8 million, including $2.3 million of COVID-19 related contact and vaccine tracing services. Net revenues attributable to the Company's core business for the quarter ended Decemwere up approximately 5% over the quarter ended September 30, 2022. Net revenues attributable to the Company's core business for the quarter ended Decemwere $37.5 million, a new Company record and an increase of 30% over the quarter ended December 31, 2021.Operational highlights (all dollar amounts are USD): (the “Company” or “Viemed”) (NASDAQ:VMD and TSX: VMD.TO), a national leader in respiratory care and technology-enabled home medical equipment services, today reported its financial results for the three months and year ended December 31, 2022. LAFAYETTE, La., Ma(GLOBE NEWSWIRE) - Viemed Healthcare, Inc. ![]()
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