Akumin (AKU)

Company Profile

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

Incorporated

Location

Fiscal year end

Sector

Health Care and Social Assistance > Diagnostic Imaging Centers

Industry (SIC)

Services - Medical Laboratories

Quest Diagnostics • Laboratory Corp. Of America • Radnet • Burning Rock Biotech • Guardant Health • Genomic Health • Invitae • Natera • Exact Sciences • Centogene ...

SEC CIK

0001776197

Corporate docs

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Advanced Diagnostic Group, LLC • Advanced Diagnostic Resources, LLC • Affiliated PET Systems, LLC • AFO Imaging, Inc. • Akumin Corp. • Akumin FL, LLC • Akumin Florida Holdings, LLC • Akumin Health Illinois, LLC • Akumin Holdings Corp. • Akumin Imaging Texas, LLC ...

AKU stock data

1M 1Y 5Y

Analyst ratings and price targets

Last 3 months

Latest filings (excl ownership)

View all

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)

9 Nov 22

Results of Operations and Financial Condition

9 Nov 22

POS AM

Prospectus update (post-effective amendment)

3 Oct 22

8-K

Akumin Announces Completion of Domestication to Delaware

3 Oct 22

Transcripts

AKU

Earnings call transcript

2022 Q3

12 Nov 22

AKU

Earnings call transcript

2022 Q2

10 Aug 22

AKU

Earnings call transcript

2022 Q1

13 May 22

Latest ownership filings

View all

John R. Wagner

10 Jan 23

Lawrence Ross Sinclair

3 Jan 23

Lawrence Ross Sinclair

3 Jan 23

SC 13D

SCW Capital Management, LP

Financial summary

Financial statements Chart AKU financial data

Quarter (USD)	Sep 22	Jun 22	Mar 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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)	59.36 mm	59.36 mm	59.36 mm	59.36 mm	59.36 mm	59.36 mm
Cash burn (monthly)	(no burn)	(no burn)	12.57 mm	10.68 mm	(no burn)	(no burn)
Cash used (since last report)	n/a	n/a	49.79 mm	42.31 mm	n/a	n/a
Cash remaining	n/a	n/a	9.56 mm	17.05 mm	n/a	n/a
Runway (months of cash)	n/a	n/a	0.8	1.6	n/a	n/a

Beta Read what these cash burn values mean

Financial data from Akumin earnings reports.

Institutional ownership, Q3 2022

AKU institutional ownership history Ownership history

60.7% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	24	24	–
Opened positions	7	3	+133.3%
Closed positions	7	4	+75.0%
Increased positions	4	5	-20.0%
Reduced positions	2	5	-60.0%

13F shares	Current	Prev Q	Change
Total value	125.18 mm	91.54 mm	+36.8%
Total shares	54.50 mm	53.87 mm	+1.2%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Stonepeak Magnet	20.61 mm	$47.21 mm	0.0%
SCW Capital Management	11.40 mm	$19.49 mm	0.0%
Dunford Stanley G	5.16 mm	$9.03 mm	0.0%
Nantahala Capital Management	4.26 mm	$7.28 mm	-23.3%
First Light Asset Management	3.76 mm	$6.44 mm	0.0%
Zine Riadh	2.89 mm	$8.70 mm	0.0%
PowerOne Capital	2.75 mm	$8.94 mm	0.0%
Vanguard	694.49 k	$1.19 mm	NEW
BLK Blackrock	684.53 k	$1.17 mm	+365.7%
EAM Investors	545.62 k	$933.00 k	NEW

Largest transactions	Shares	Bought/sold	Change
Nantahala Capital Management	4.26 mm	-1.29 mm	-23.3%
Vanguard	694.49 k	+694.49 k	NEW
EAM Investors	545.62 k	+545.62 k	NEW
BLK Blackrock	684.53 k	+537.54 k	+365.7%
Geode Capital Management	515.52 k	+478.89 k	+1307.5%
Burgundy Asset Management	0.00	-347.10 k	EXIT
CastleKnight Management	0.00	-98.32 k	EXIT
RY Royal Bank Of Canada	58.63 k	+55.54 k	+1798.0%
NTRS Northern Trust	45.67 k	+45.67 k	NEW
Charles Schwab Investment Management	29.38 k	+29.38 k	NEW

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

AKU insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
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
30 Aug 22	R. David Kretschmer	Common Stock	Buy	Acquire P	No	No	1.329	5,338	7.09 k	31,838
29 Aug 22	R. David Kretschmer	Common Stock	Buy	Acquire P	No	No	1.378	6,500	8.96 k	26,500