IMAC Holdings Inc
BACK
$0.180 0.00%
Exchange: NASDAQ | Sector: Healthcare | Industry: Medical Care Facilities
Q1 2024
Published: May 15, 2024

Earnings Highlights

  • EPS of $-0.35 increased by 89.6% from previous year
  • Net income of -407.22K
  • ""We are in the process of restructuring our administrative framework... aiming for reduced overheads while maintaining operational integrity."" - Management
BACK
IMAC Holdings Inc

Executive Summary

In the first quarter of 2024, IMAC Holdings Inc (BACK) continued to face significant operational challenges, reporting a net loss of approximately $407,219, which translates to an EPS of -$0.35. A major factor in this recurring loss is attributed to persistently high general and administrative expenses, totaling $408,630. Despite efforts to improve operational efficiencies, the company's revenue streams remain under pressure, indicating a need for strategic reevaluation of market positioning and cost control measures.

Management's commentary emphasized the ongoing commitment to delivering innovative medical care despite financial pressures. Future growth initiatives are vital as competition intensifies in the healthcare sector, particularly in the medical care facilities industry. Investors should closely monitor the companyÒ€ℒs ability to execute its strategy while enhancing financial stability and performance in the upcoming quarters.

Key Performance Indicators

Operating Income
Increasing
-408.63K
QoQ: -125.54% | YoY: 68.47%
Net Income
Increasing
-407.22K
QoQ: 72.07% | YoY: 88.99%
EPS
Increasing
-0.35
QoQ: 66.67% | YoY: 89.58%

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q1 2025 0.00 -1.08 +0.0% View
Q4 2024 0.15 -3.22 +103.0% View
Q3 2024 0.06 -1.56 -96.4% View
Q2 2024 0.02 -1.17 -98.8% View
Q1 2024 0.00 -0.35 +0.0% View