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Elite Health Systems Inc (the Company ) is developing Medicare Advantage plans and offering other healthcare related services with a focus on improving and providing access to healthcare, primarily to senior and special needs groups in selected locations. The Company operates through its wholly owned subsidiaries, Elite Health Plan, Inc. ( Elite Health ) and Physician Support Systems Inc. ( PSS ).
The business is unprofitable at the operating level (-374.90% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
ROIC dropped from -56.89% to -63.18%, capital efficiency is deteriorating. Negative free cash flow of -$3M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$2M
Net Income (TTM)
-$9M
▼ -279.8% YoY
Op. Margin
-194.47%
ROIC
-81.12%
▼ -6.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$4M
▼ -94.5% YoY
Op. Cash Flow (TTM)
-$4M
▼ -94.1% YoY
Net Debt
-$3M
Net Cash Position
Cash & Equiv.
$3M
5Y CAGR: -20.2%
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