Optimus Healthcare Services, Inc. (OHCS) Jun 2024 Earnings Report
OPTIMUS HEALTHCARE SVCS INC (OHCS): Investment Report
Overview
Optimus Healthcare Services, Inc. is a community-based oncology practice that provides infrastructure and support to enroll patients in clinical trials. With a growing presence in the healthcare industry, OHCS has the potential to become a key player in the clinical trial space. In this report, we will delve into the company's financial performance, growth prospects, and recent news to provide an informed investment decision.
Core Metrics
- Current price: $0.05 USD
- 52-week high: $1.41 USD
- 52-week low: $0.001 USD
- Market Cap: $2.29 million USD
- P/E Ratio: N/A (due to negative EPS)
- Earnings per Share: -$0.532
- 50-day average: $0.08072 USD
- 200-day average: $0.495515 USD
- Analyst Recommendations: None
Financial Performance
OHCS's financial performance has been a concern, with a negative EPS of -$0.532 and a market capitalization of only $2.29 million USD. The company's cash flow has also been struggling, with a total cash of $97,964 USD, free cash flow of -$122,140 USD, operating cash flow of -$2,561,871 USD, and EBITDA of -$5,363,423 USD. However, the company's revenue growth rate of 0.268% is a positive sign.
Growth Prospects
Despite the current financial struggles, OHCS has the potential for growth in the clinical trial space. The company's focus on community-based oncology practices and its ability to partner with pharmaceutical companies and contract research organizations to conduct clinical trials position it well for future growth.
News and Updates
Recent news articles highlight OHCS's involvement in Oregon's housing investment initiatives, with the company playing a key role in providing funding and technical assistance to partners throughout rural regions. This is a positive development, as it shows the company's commitment to community-based projects.
Upgrades and Downgrades
There have been no recent upgrades or downgrades from analysts.
Summary
In conclusion, OHCS has the potential for growth in the clinical trial space, but its current financial performance is a concern. The company's negative EPS and cash flow issues must be addressed before it can be considered a viable investment opportunity. However, with its focus on community-based oncology practices and its involvement in Oregon's housing investment initiatives, OHCS may be worth keeping an eye on for future developments.
Disclosures
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