Healthcare Integrated Technologies Inc. (HITC) Jun 2024 Earnings Report
HEALTHCARE INTEGRATED TECH INC: Investment Report
Overview
HEALTHCARE INTEGRATED TECH INC (HITC) is a healthcare technology company that has been making waves in the industry with its innovative solutions. As a leader in developing advanced healthcare technology solutions, HITC has the potential to revolutionize the healthcare space. This report provides an in-depth analysis of HITC's current standing, financial performance, growth prospects, and latest news updates, making it a must-read for investors and stakeholders.
Core Metrics
- Current price: $0.12
- 52-week high: $0.138
- 52-week low: $0.035
- Market Cap: $8.94 million
- P/E Ratio: N/A (due to negative EPS)
- Earnings per Share: -$0.01
- 50-day average: $0.10298
- 200-day average: $0.08271
- Analyst Recommendations: None (no analysts are currently covering the stock)
Financial Performance
HITC's financial performance has been a mixed bag. While the company has a small market capitalization of $8.94 million, its total cash reserves are limited to $30,000. The company has been experiencing negative free cash flow (-$2.08 million) and operating cash flow (-$227,000), which is a concern. However, its gross margins are at 1.0, indicating that the company is generating revenue, albeit small.
Growth Prospects
Despite the current financial struggles, HITC has the potential to grow significantly in the future. The company's innovative solutions, such as SafeSpace and SafeGuard, have the potential to disrupt the healthcare technology space. Additionally, the appointment of Dustin Hillis as Chief Strategy Officer is a positive development, as he brings a wealth of experience in the industry.
News and Updates
The latest news updates surrounding HITC are primarily related to the sports industry, with the company's website being used as a source for sports news articles. However, the most significant news update is the appointment of Dustin Hillis as Chief Strategy Officer, which is a positive development for the company.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from analysts, as none are currently covering the stock.
Summary
In conclusion, HEALTHCARE INTEGRATED TECH INC is a healthcare technology company with innovative solutions and a small market capitalization. While the company is currently facing financial struggles, it has the potential to grow significantly in the future. Investors and stakeholders should keep a close eye on HITC's progress, particularly in regards to its financial performance and the impact of the new Chief Strategy Officer.
Disclosures
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