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New words:
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Removed:
acceptance, accrue, agree, Aid, arising, aspect, attrition, bad, began, benchmark, cancel, Casey, CEO, Codification, compensate, concentrator, consummating, continuously, declaring, defer, differentiate, direction, discrete, disrupt, distancing, distinct, doubtful, duration, economy, emergency, estate, exhausted, expiration, FFS, flexibility, fluctuate, front, frozen, generate, good, grew, heighten, history, Hoyt, intensity, length, lengthy, LIBOR, lost, Michael, Moore, necessarily, negotiate, organization, package, predominantly, prepare, presently, preserve, priority, profitable, relation, release, remeasurement, rent, reopening, representative, reserved, retail, satisfying, sequestration, simplified, simplify, Simplifying, standalone, stemming, study, tear, Toronto, tracing, transmission, triple, TSX, unbundled, underemployment, underinsured, undrawn, Unexpected, unfilled, uninsured, unknown, unprecedented, unsuccessful, unwind, warranty, wear, World
Financial report summary
?Management Discussion
- For the year ended December 31, 2023, revenue totaled $183.0 million, an increase of $44.2 million (or 31.8%) from the comparable period in 2022. Excluding COVID-19 response sales and services, net revenue increased $46.5 million (or 34.0%) from the comparable period in 2022. The net revenue increase was comprised of increases in ventilator rental revenue of $15.5 million (or 16.8%), rental revenue from other HME of $16.9 million (or 78.7%), equipment and supply sales of $11.8 million (or 85.0%), and service revenues of $2.2 million (or 25.9%). The growth in other home medical equipment rentals has been primarily driven by the continued national expansion of PAP, oxygen therapy, and percussion vest activities and the acquisition of Home Medical Products, Inc. ("HMP"). The increase in equipment sales and supplies is primarily driven by the success of our PAP resupply program and other sleep offerings.