Akumin is a leading provider of freestanding, fixed-site outpatient diagnostic imaging services in the United States with a network of owned and/or operated imaging centers located in Florida, Texas, Pennsylvania, Delaware, Illinois, Kansas and Georgia. By combining its clinical expertise with the latest advances in technology and information systems, its centers provide physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders and may reduce unnecessary invasive procedures, minimizing the cost and amount of care for patients. Its imaging procedures include MRI, CT, positron emission tomography (PET), ultrasound, diagnostic radiology (X-ray), mammography, and other interventional procedures.
Company profile
Ticker
AKU
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Advanced Diagnostic Group, LLC • Advanced Diagnostic Resources, LLC • Affiliated PET Systems, LLC • AFO Imaging, Inc. • Akumin Leasing 1, LLC • Akumin Operating Corp. • Akumin FL, LLC • Akumin Florida Holdings, LLC • Akumin Health Illinois, LLC • Akumin Holdings Corp. ...
AKU stock data
Latest filings (excl ownership)
10-K
2022 FY
Annual report
16 Mar 23
8-K
Akumin Announces Full-Year 2022 Results and Provides 2023 Guidance
16 Mar 23
8-K
Departure of Directors or Certain Officers
23 Feb 23
8-K
Akumin Announces Appointment of New Directors
16 Dec 22
EFFECT
Notice of effectiveness
16 Nov 22
EFFECT
Notice of effectiveness
16 Nov 22
S-8 POS
Registration of securities for employees (post-effective amendment)
10 Nov 22
POS AM
Prospectus update (post-effective amendment)
10 Nov 22
POS AM
Prospectus update (post-effective amendment)
10 Nov 22
10-Q
2022 Q3
Quarterly report
9 Nov 22
Latest ownership filings
4
R. DAVID KRETSCHMER
17 Feb 23
SC 13G/A
Nantahala Capital Management, LLC
14 Feb 23
SC 13G/A
Zine Riadh
13 Feb 23
SC 13G/A
Dunford Stanley G
13 Feb 23
3
John R. Wagner
10 Jan 23
4
Lawrence Ross Sinclair
3 Jan 23
3
Lawrence Ross Sinclair
3 Jan 23
SC 13D
SCW Capital Management, LP
22 Dec 22
4
Thomas Davies
9 Dec 22
4
R. DAVID KRETSCHMER
31 Aug 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
|---|---|---|---|---|
| Revenue | ||||
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| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 59.42 mm | 59.42 mm | 59.42 mm | 59.42 mm | 59.42 mm | 59.42 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 16.68 mm | 11.93 mm | 6.82 mm | 335.75 k |
| Cash used (since last report) | n/a | n/a | 50.07 mm | 35.81 mm | 20.48 mm | 1.01 mm |
| Cash remaining | n/a | n/a | 9.36 mm | 23.61 mm | 38.94 mm | 58.42 mm |
| Runway (months of cash) | n/a | n/a | 0.6 | 2.0 | 5.7 | 174.0 |
Institutional ownership, Q3 2022
60.7% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 24 |
| Opened positions | 7 |
| Closed positions | 7 |
| Increased positions | 4 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 125.18 mm |
| Total shares | 54.50 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Stonepeak Magnet | 20.61 mm | $47.21 mm |
| SCW Capital Management | 11.40 mm | $19.49 mm |
| Dunford Stanley G | 5.16 mm | $9.03 mm |
| Nantahala Capital Management | 4.26 mm | $7.28 mm |
| First Light Asset Management | 3.76 mm | $6.44 mm |
| Zine Riadh | 2.89 mm | $8.70 mm |
| PowerOne Capital | 2.75 mm | $8.94 mm |
| Vanguard | 694.49 k | $1.19 mm |
| BLK Blackrock | 684.53 k | $1.17 mm |
| EAM Investors | 545.62 k | $933.00 k |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 16 Feb 23 | R. David Kretschmer | Common Stock | Grant | Acquire A | No | No | 0 | 250,000 | 0.00 | 281,838 |
| 1 Jan 23 | Lawrence Ross Sinclair | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 100,000 |
| 8 Dec 22 | Thomas Davies | Common Stock | Option exercise | Acquire M | No | No | 0.5 | 150,000 | 75.00 k | 301,992 |
| 8 Dec 22 | Thomas Davies | Stock Option Common Stock | Option exercise | Dispose M | No | No | 0.5 | 150,000 | 75.00 k | 0 |