See more : Lens Technology Co., Ltd. (300433.SZ) Income Statement Analysis – Financial Results
Complete financial analysis of CareMax, Inc. (CMAX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of CareMax, Inc., a leading company in the Medical – Healthcare Information Services industry within the Healthcare sector.
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CareMax, Inc. (CMAX)
Industry: Medical - Healthcare Information Services
Sector: Healthcare
Website: https://www.caremax.com
About CareMax, Inc.
CareMax, Inc. provides medical services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation. The company also provides CareOptimize, a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians in the United States. As of December 31, 2021, it operated 48 multi-specialty medical care centers in Florida, Tennessee, and New York. The company is headquartered in Miami, Florida.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|
| Revenue | 751.10M | 631.13M | 295.76M | 103.42M | 90.60M | 72.38M |
| Cost of Revenue | 737.20M | 550.83M | 264.31M | 83.42M | 51.62M | 44.16M |
| Gross Profit | 13.90M | 80.30M | 31.45M | 20.00M | 38.98M | 28.22M |
| Gross Profit Ratio | 1.85% | 12.72% | 10.63% | 19.34% | 43.02% | 38.99% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 80.68M | 75.82M | 40.58M | 7.75M | 11.56M | 23.53M |
| Selling & Marketing | 14.27M | 11.76M | 4.96M | 1.07M | 20.85M | 1.21M |
| SG&A | 94.96M | 87.59M | 45.53M | 8.82M | 32.41M | 24.74M |
| Other Expenses | 575.10M | 21.72M | 13.22M | 1.50M | 0.00 | 0.00 |
| Operating Expenses | 670.05M | 109.30M | 58.75M | 10.32M | 32.41M | 24.74M |
| Cost & Expenses | 1.41B | 660.13M | 323.06M | 93.74M | 84.04M | 68.90M |
| Interest Income | 0.00 | 20.24M | 4.49M | 1.66M | 720.40K | 0.00 |
| Interest Expense | 54.43M | 20.24M | 4.49M | 1.66M | 0.00 | 0.00 |
| Depreciation & Amortization | 39.31M | 21.72M | 13.22M | 1.50M | 975.90K | 602.85K |
| EBITDA | -590.46M | -15.38M | 11.19M | 11.18M | 7.54M | 4.09M |
| EBITDA Ratio | -78.61% | -1.07% | -11.80% | 10.81% | 8.32% | 5.65% |
| Operating Income | -656.15M | -29.00M | -27.30M | 9.68M | 6.57M | 3.49M |
| Operating Income Ratio | -87.36% | -4.60% | -9.23% | 9.36% | 7.25% | 4.82% |
| Total Other Income/Expenses | -28.06M | -28.34M | 22.31M | -2.11M | -720.40K | 0.00 |
| Income Before Tax | -684.21M | -57.34M | -6.52M | 7.57M | 5.85M | 3.49M |
| Income Before Tax Ratio | -91.09% | -9.09% | -2.20% | 7.32% | 6.45% | 4.82% |
| Income Tax Expense | -863.00K | -19.54M | 159.00K | 1.63M | -173.19K | 16.47K |
| Net Income | -683.35M | -37.80M | -6.68M | 5.94M | 6.02M | 3.47M |
| Net Income Ratio | -90.98% | -5.99% | -2.26% | 5.75% | 6.64% | 4.79% |
| EPS | -183.30 | -12.49 | -3.90 | 16.42 | 0.00 | 9.54 |
| EPS Diluted | -183.30 | -12.49 | -3.81 | 16.51 | 0.00 | 9.64 |
| Weighted Avg Shares Out | 3.73M | 3.03M | 1.71M | 361.95K | 0.00 | 363.66K |
| Weighted Avg Shares Out (Dil) | 3.73M | 3.03M | 1.75M | 359.87K | 0.00 | 359.87K |
CareMax Strategy Faces High Initial MER Costs
CareMax, Inc. provides value-based care services to seniors in the United States. The firm's strategy is to elect into full-risk MSO Medicare plans even though it may have higher initial expense ratios. With tight liquidity, cash burn and heavy upfront...
CareMax to Present at the Morgan Stanley 21st Annual Global Healthcare Conference
MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that Chief Executive Officer, Carlos de Solo, and Chief Financial Officer, Kevin Wirges, will participate in a fireside chat at the Morgan...
CareMax, Inc. (CMAX) Q2 2023 Earnings Call Transcript
CareMax, Inc. (NASDAQ:CMAX ) Q2 2023 Earnings Conference Call August 9, 2023 8:30 AM ET Company Participants Samantha Swerdlin - VP, IR Carlos de Solo - Co-Founder, President, CEO & Director Kevin Wirges - EVP, CFO & Treasurer Conference Call...
CareMax, Inc. (CMAX) Reports Q2 Loss, Tops Revenue Estimates
CareMax, Inc. (CMAX) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.11 per share a year ago.
CareMax Reports Second Quarter 2023 Results
MIAMI--(BUSINESS WIRE)--CareMax, Inc. (NASDAQ: CMAX; CMAXW) (“CareMax” or the “Company”), a leading technology-enabled value-based care delivery system, today announced financial results for the second quarter ended June 30, 2023. “We continued to deliver on our growth strategy, ending the quarter...
CareMax Schedules Second Quarter 2023 Earnings Conference Call
MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that it will release its financial results for the second quarter 2023 before the opening of the financial markets on Wednesday, August...
CareMax: Reiterate Buy On Potential Future Growth
CareMax offers a unique healthcare delivery model for managing chronic diseases and value-based care for the elderly population, with potential for significant growth in the expanding Medicare market. CMAX's integrated approach, including its Clinic strategy and wellness center, sets it...
CareMax to Present at the Jefferies Healthcare Conference
MIAMI--(BUSINESS WIRE)--CareMax, Inc. (“CareMax”) (NASDAQ: CMAX; CMAXW), a leading technology-enabled provider of value-based care to seniors, announced today that Chief Executive Officer, Carlos de Solo, and Chief Financial Officer, Kevin Wirges, will participate in a fireside chat at the Jefferies...
CareMax, Inc. (CMAX) Q1 2023 Earnings Call Transcript
CareMax, Inc. (NASDAQ:CMAX ) Q1 2023 Earnings Conference Call May 10, 2023 8:30 AM ET Company Participants Samantha Swerdlin - VP, IR Carlos de Solo - Co-Founder, President, CEO & Director Kevin Wirges - EVP, CFO & Treasurer Conference Call...
CareMax, Inc. (CMAX) Reports Q1 Loss, Lags Revenue Estimates
CareMax, Inc. (CMAX) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.15. This compares to loss of $0.19 per share a year ago.
Source: https://incomestatements.info
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