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Company History Health Revenue Assurance Holding, Inc. (the Company ), was incorporated in Nevada on December 13, 2010. The Company intended to become a provider of revenue cycle services to a broad range of healthcare providers.
The business is unprofitable at the operating level (-12.88% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue grew 26.1%, still solid.
ROIC dropped from -32.16% to -39.74%, capital efficiency is deteriorating. Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$27M
▲ +26.1% YoY
Net Income (TTM)
-$1M
▼ -2354.8% YoY
Op. Margin
-11.05%
▼ -1.3pp YoY
ROIC
-17.63%
▼ -7.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$2M
▼ -2877.3% YoY
Op. Cash Flow (TTM)
-$2M
▼ -2877.3% YoY
Net Debt
$13M
Cash & Equiv.
$36K
5Y CAGR: +35.4%
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