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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 3/10

vs
industry
vs
history
Cash-to-Debt 0.16
SPIN's Cash-to-Debt is ranked lower than
77% of the 257 Companies
in the Global Medical Care industry.

( Industry Median: 0.40 vs. SPIN: 0.16 )
Ranked among companies with meaningful Cash-to-Debt only.
SPIN' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03  Med: 0.18 Max: 3
Current: 0.16
0.03
3
Equity-to-Asset 0.62
SPIN's Equity-to-Asset is ranked higher than
73% of the 253 Companies
in the Global Medical Care industry.

( Industry Median: 0.47 vs. SPIN: 0.62 )
Ranked among companies with meaningful Equity-to-Asset only.
SPIN' s Equity-to-Asset Range Over the Past 10 Years
Min: -109.75  Med: 0.62 Max: 0.9
Current: 0.62
-109.75
0.9
Piotroski F-Score: 6
Altman Z-Score: -2.93
Beneish M-Score: -3.60
WACC vs ROIC
13.66%
-14.72%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 3/10

vs
industry
vs
history
Operating Margin % -33.30
SPIN's Operating Margin % is ranked lower than
93% of the 255 Companies
in the Global Medical Care industry.

( Industry Median: 7.71 vs. SPIN: -33.30 )
Ranked among companies with meaningful Operating Margin % only.
SPIN' s Operating Margin % Range Over the Past 10 Years
Min: -202.77  Med: -21.06 Max: 32.48
Current: -33.3
-202.77
32.48
Net Margin % -35.71
SPIN's Net Margin % is ranked lower than
91% of the 256 Companies
in the Global Medical Care industry.

( Industry Median: 4.84 vs. SPIN: -35.71 )
Ranked among companies with meaningful Net Margin % only.
SPIN' s Net Margin % Range Over the Past 10 Years
Min: -133.27  Med: -27.34 Max: 32.51
Current: -35.71
-133.27
32.51
ROE % -22.89
SPIN's ROE % is ranked lower than
87% of the 240 Companies
in the Global Medical Care industry.

( Industry Median: 9.89 vs. SPIN: -22.89 )
Ranked among companies with meaningful ROE % only.
SPIN' s ROE % Range Over the Past 10 Years
Min: -33.38  Med: -10.98 Max: 146.64
Current: -22.89
-33.38
146.64
ROA % -14.94
SPIN's ROA % is ranked lower than
87% of the 259 Companies
in the Global Medical Care industry.

( Industry Median: 4.66 vs. SPIN: -14.94 )
Ranked among companies with meaningful ROA % only.
SPIN' s ROA % Range Over the Past 10 Years
Min: -8988.57  Med: -17.02 Max: 56.97
Current: -14.94
-8988.57
56.97
ROC (Joel Greenblatt) % -42.40
SPIN's ROC (Joel Greenblatt) % is ranked lower than
91% of the 257 Companies
in the Global Medical Care industry.

( Industry Median: 21.13 vs. SPIN: -42.40 )
Ranked among companies with meaningful ROC (Joel Greenblatt) % only.
SPIN' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -71.32  Med: -7.42 Max: 20018.18
Current: -42.4
-71.32
20018.18
3-Year Revenue Growth Rate -16.10
SPIN's 3-Year Revenue Growth Rate is ranked lower than
94% of the 183 Companies
in the Global Medical Care industry.

( Industry Median: 8.50 vs. SPIN: -16.10 )
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
SPIN' s 3-Year Revenue Growth Rate Range Over the Past 10 Years
Min: 0  Med: -100 Max: 78.4
Current: -16.1
0
78.4
3-Year EBITDA Growth Rate 50.40
SPIN's 3-Year EBITDA Growth Rate is ranked higher than
98% of the 161 Companies
in the Global Medical Care industry.

( Industry Median: 8.10 vs. SPIN: 50.40 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
SPIN' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -66.8  Med: -23.4 Max: 114
Current: 50.4
-66.8
114
3-Year EPS without NRI Growth Rate 10.10
SPIN's 3-Year EPS without NRI Growth Rate is ranked higher than
84% of the 139 Companies
in the Global Medical Care industry.

( Industry Median: 8.40 vs. SPIN: 10.10 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
SPIN' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -87.7  Med: -31.7 Max: 94.6
Current: 10.1
-87.7
94.6
GuruFocus has detected 2 Warning Signs with Spine Injury Solutions Inc $SPIN.
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Operating Cash Flow & Free Cash Flow
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Business Description

Industry: Health Care Providers » Medical Care    NAICS: 622110    SIC: 8069
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Headquarter Location:USA
Spine Injury Solutions Inc is a technology, marketing, management, billing, and collection company. The Company facilitates diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents.

Spine Pain Management Inc was incorporated on March 4, 1998. The Company is a medical marketing, management, billing and collection company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. It delivers turnkey solutions to spine surgeons, orthopedic surgeons and other health care providers for necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. By pre-funding diagnostic testing and non-invasive and surgical care, patients are not unnecessarily delayed or prevented from obtaining needed treatment. Through its care management system, it engages spine surgeons, orthopedic surgeons and other healthcare providers to operate as its independent contractors and diagnose and treat patients with musculo-skeletal spine injuries. It manages the centers that provide the spine diagnostic injections and treatment and pay the doctors a fixed rate for the medical procedures they performed. After a patient is billed for the procedures performed, it takes control of the patients' unpaid bill and oversees collection. The Company currently manages five spine injury diagnostic centers in the United States, which are located in Houston, Texas; McAllen, Texas; Orlando, Florida; Sarasota, Florida and the Tampa Bay Area of Florida. The Company is subject to regulation by a number of governmental entities at the federal, state, and local levels. Its competitors are independent physicians, chiropractors, hospital emergency departments, and hospital-owned or hospital-affiliated medical facilities.

Top Ranked Articles about Spine Injury Solutions Inc

Spine Injury Solutions reports YE 2016 financial results and reminds for conference call 4:20 ET Today

HOUSTON, March 28, 2017 (GLOBE NEWSWIRE) -- Spine Injury Solutions, Inc. (SPIN), a technology-driven, medical service, and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, today announces financial results for year ending December 31, 2016 and that it has scheduled an interactive video investor conference call for today, Tuesday, March 28, 2017 at 4:20 p.m. (EDT) to discuss the company's financial results for YE 2016, its new nationwide affiliate expansion roll-out for its case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0, shareholders Question & Answers will follow.
2016 Highlights and Subsequent Events New National Affiliate expansion program initiated targeting 6-8 affiliates over next 12-18 monthsAffiliate added in Lubbock, TXSVP of Sales & Marketing, Dr. Matthew DeGaetano appointedQuad Video HALO™ V3.0 EU Patent Pending$15 Million collections milestone passed, ending with $16.1 MillionDeveloped two new leasing programs for QVH 3rd Party Sales.Ended 2016 with strong cash & available credit facilitiesIncreased operational efficiency of core business as seen by improved top and bottom line, lower SG&A and strong increase in Gross Margins. 2016 Financial Highlights YoY Cash Provided from Operations provided to $202,616 as compared to $429,2972016 Gross Margin Increased to Record 68% from 61% 2015Full year net loss YoY decreased from 2015 of  $1,057,604  to  this  year of  $745,945Full year YoY net loss per share decreased 42% from -$.054 to -$.038 PS2016 Non-cash charges of $789,135 exceeded the 2016 $745,945 loss. Dr. William Donovan, Chairman/CEO Commented; “While revenues were flat year over year mainly due to ending of a legacy affiliate relationship in San Antonio in 2016, overall results had several bright spots, despite the fact we are not happy with the financial results for 2016.  Our full year 2016 loss consisted  mainly of noncash charges.  Our loss per share   was reduced by some 40% in 2016. The reduction would have been greater had we not reserved an additional $500,000 in bad debt reserves to account for the decreased collections in Florida.  Cashflow had   $202,000 provided from operations compared to $429,000 use in 2015.  The best indicator for the future growth for SPIN is using  the QVH on cases and continuing as done in 2016 increasing in gross margin to 68% from 61%. The percentages of settlements we collected was higher than we originally booked which boosted our gross margin percentage.  Donovan went on to say, “While we spent a good part of last year investigating third party sales for the QVH, a near term costly endeavor, our increasing margins made us realize that our immediate plan should be to expand our case funding affiliate model. This model will be covered extensively on our conference call today.  While there is no limiting factor to affiliate growth other than cash available to fund cases, our hope for the next 12 to 18 months is to add 6 to 8 affiliates. Results of Operations For the year ended December 31, 2016 versus 2015: We recorded $2,117,078 in net revenues with $689,101 in costs of services and gross profit of $1,427,977 for the year ended December 31, 2016.  For the year ended December 31, 2015, we recorded $2,192,181 in net revenues with $849,756 in costs of services and gross profit of $1,342,425.  Revenue for 2016 was down due to our center in San Antonio electing not to continue the business relationship. We recognize revenue by reference to “net revenue,” which is gross amounts billed using CPT codes less account discounts that are expected to result when individual cases are ultimately settled.  A discount rate of 48% based on settled patient cases, was used to determine net revenue during 2016 and 2015. Accordingly, we had gross revenues of $3,537,791 with net revenues of $2,117,078 for the year ended December 31, 2016, versus gross revenues of $4,384,362 with net revenues of $2,192,181 for the year ended December 31, 2015.  The Company realized better than expected collections during 2016 related to its outstanding accounts receivable. Expenses For the year ended December 31, 2016 versus 2015: Operating, general and administrative expenses for the year ended December 31, 2016 were $2,087,266 as compared to $2,085,986 for the year ended December 31, 2015.   Operating expenses were flat primarily the result of an increase to bad debt expense offset by a decrease in legal costs, consulting costs, and marketing costs. Bad debt expense, included in operating, general and administrative expenses, totaled $683,338 and $467,600, respectively, for the years ended December 31, 2016 and 2015. The increase in bad debt expense is primarily attributable to our decision to discontinue doing business in Florida in 2014, which has resulted in limited personnel and affiliates in the region to assist in collection efforts. While we continue to pursue all amounts owed, we increased the allowance for bad debt related to Florida accounts to reflect collection trends in Florida. Other income (expense) for the year ended December 31, 2016 was an expense of $50,995 as compared to expense of $52,267 for the year ended December 31, 2015. For the twelve months ended December 31, 2016, other income of $7,057 offset by expenses of $58,052.  For the year ended December 31, 2015, other income was $10,234 offset by expenses of $62,501. The small decrease in expense 2016 versus 2015 is primarily attributable to the restructuring of our debt from high interest notes to our line of credit with Wells Fargo which bears interest at the 30 day London Interbank Offered Rate (“LIBOR”) plus 2%, resulting in an effective rate of 2.77% at December 31, 2016. Net Income or Loss For the year ended December 31, 2016 versus 2015: Net loss for the year ended December 31, 2016 was $755,945 compared to net loss of $1,057,604 for the year ended December 31, 2015.  Lower operating expenses, coupled with reduced interest costs, and lower personnel costs to develop and market the Quad Video Halo, resulted in net loss decreasing in 2016 from 2015. Liquidity and Capital Resources For the year ended December 31, 2016 versus 2015: During 2016, cash provided in operating activities was $202,616 as compared to $429,297 of cash used in 2015.  The increase in cash generated in operations was mainly due to an increase in collections from our spine injury diagnostic centers, especially Odessa, coupled with higher noncash charges. These provisions were offset by uses of cash for increased inventory of Quad Video Halo units.  Our settlement collections totaled $2,378,793 in 2016 compared to $2,193,094 in 2015.  During the year ended December 31, 2016, we did not purchase any Quad Video Halo equipment versus a purchase of similar equipment of $50,108 in 2015, resulting in cash used in investing activities. Cash flows used in financing activities totaled $120,000 for the year ended December 31, 2016, consisting of a payment of current debt of $250,000, and $130,000 of draws on our line of credit. For the year ended December 31, 2015, cash flows provided from financing activities totaled $295,000, consisting of a payment of long-term debt of $350,000, draws of $645,000 on the line of credit.  Conference Call Details Conference Call: An investor's conference call with management will be held Today, Tuesday, March 28, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period. Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Today, March 28, at 4:20 p.m. (EDT). Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions: https://attendee.gotowebinar.com/register/2875421200234286337
or if the above link doesn't work, please try the following: http://www.joinwebinar.com     Webinar ID: 512-328-211 Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be logged in online at the presentation website during the internet presentation where a unique Audio PIN# will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A. The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this new short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.) YouTube webinar instructions: https://www.youtube.com/watch?v=61o5cMOhYls If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in "listen only" mode for the duration of the call and not allowed to ask questions.   Conference Dial-in Number:  1 (415) 655-0052
Participant Access Code:  274-192-784 Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website: http://www.SpineInjurySolutions.com About Spine Injury Solutions, Inc: We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons DO’s and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases. Additional information about the company, along with a video replay of most recent Investor Conference Call can be found at its website at www.spineinjurysolutions.com. About Quad Video HALO, Inc.: A wholly owned subsidiary of Spine Injury Solutions, Inc. Quad Video HALO, Inc. brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures.  The Quad Video Technology V3.0 and HALO Rx creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imagining sources with several other viewpoints just outside the sterile field. Additional information about QVH, can be found at its website at www.QuadVideoHalo.com Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.  

Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220

Read more...
Spine Injury Solutions Schedules Interactive Conference Call to Present FY 2016 Financial Results and Provide Business Development Update

HOUSTON, March 24, 2017 (GLOBE NEWSWIRE) -- Spine Injury Solutions, Inc. (SPIN), a technology-driven, medical service, and healthcare solution and financing company servicing the multi-billion dollar spine injury sector, today announced that it has scheduled an interactive video Investor conference call for Tuesday, March 28, 2017 at 4:20 p.m. (EDT) to discuss the Company's financial results for YE 2016, its new Nationwide Affiliate Expansion Roll-out for its core Personal Injury Case funding along with the current marketing status of its patented Quad Video HALO™ v.3.0, Shareholders Question & Answers will follow.
Spine Injury Solutions intends to issue its YE 2016 financial results on Tuesday, March 28, 2017 prior to the Conference Call. Dr. William Donovan, Chairman/CEO stated; “I wholeheartedly recommend all shareholders and interested parties to join our Webinar Conference Call. As you may already have noticed by recent announcements, website updates, team additions and improved performance of our share price, major advances are now underway. The new initiatives will be presented along with Introduction of new active team members on this CC.”    Conference Call Details
Conference Call: An investor's conference call with management will be held on Tuesday, March 28, at 4:20 p.m. (EDT). The call will be video WebCast with a short live Power Point Presentation followed by Q & A.  The call may be accessed either by phone alone, which will not allow asking questions, or by phone and/or VOIP with headset after internet log-in with an on screen provided Audio Pin # which will allow verbally asking questions.  Questions can also be typed into an online chat screen at any time during the presentation or Q & A period.
Access to the Call:  To use the internet link, you must register prior to access. So we suggest you complete the registration and get your log-in information in advance of the start of the presentation.  You can register at any time. As mentioned above, the call is Tuesday, March 28, at 4:20 p.m. (EDT). Click or paste the link below in your browser for registration and web access to the presentation and follow the online instructions: https://attendee.gotowebinar.com/register/2875421200234286337
or if the above link doesn't work, please try the following: http://www.joinwebinar.com     Webinar ID: 512-328-211 Telephone Dial-in and/or VOIP which provides Q&A: To ask a question using your telephone, you must be logged in online at the presentation website during the internet presentation where a unique Audio PIN# will be provided to you on screen after you log-in to the presentation console.  You must use the pin to hear the call on the phone. During the presentation, all will be muted until the Q&A portion. Questions can be asked by typing in the question in the provided questions link on the provided console at any time during the presentation and will be answered during the Q&A. The Q & A will be moderated, but without an operator, and will be open to all questions after the formal presentations.  Review this new short YouTube tutorial video for pointers on how to use the Webinar Features. (This is just a demo. Do not use the numbers or codes on this demo. Use what is provided above.) YouTube webinar instructions: https://www.youtube.com/watch?v=61o5cMOhYls  If you use the telephone, but are NOT also online, you will be able to hear the presentation plus Q & A, but will remain in "listen only" mode for the duration of the call and not allowed to ask questions.   Conference Dial-in Number:  1 (415) 655-0052
Participant Access Code:  274-192-784 Conference Play Back:  A video replay of the conference call presentation will be available several hours after the completion of the call at the company website: http://www.SpineInjurySolutions.com About Spine Injury Solutions, Inc.: We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons, DOs and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases. Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com. About Quad Video HALO, Inc.: A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field. Additional information about QVH, can be found at its website at www.QuadVideoHalo.com Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.
Company Contact

Dr. William F. Donovan
Chairman, President & CEO
Spine Injury Solutions, Inc.
713-521-4220


Read more...
Spine Injury Solutions Inc. announces new Lubbock, TX affiliate location

Houston, March 20, 2017 (GLOBE NEWSWIRE) -- Spine Injury Solutions, Inc. announces Lubbock TX affiliate location under its new affiliate expansion program. HOUSTON, March 20, 2017 -- Spine Injury Solutions, Inc., Inc. (SPIN), a technology-driven, medical service, and healthcare solution company servicing the multi-billion dollar spine injury sector, today announced the  addition of a new affiliate program to be located in Lubbock, TX. Seven years ago, SPIN initiated its first affiliate program in Houston TX whereby SPIN would provide funding assistance to independent healthcare providers who provide diagnostic and treatment procedures for patients with spine injury accidents. In many cases the reimbursements for these medical treatments took several years, depending on the settlement timing of the case. For these reasons, SPIN developed programs to fund the affilates case billings after the procedure is completed at a discount and assume risk of future collection. During these seven years, while averaging three affiliates, over 8,300 procedures have been funded generating some $25 million in reported net revenues for SPIN. Actual cash collections to date from SPIN funded cases have exceeded $16 million. Why SPIN Is Now Expanding Its Affiliate Program Nationally In early 2014, SPIN began beta testing of a unique video transparency and documenting device called Quad Video HALO™ (QVH). In 2015 it received its US Patent on the QVH and began Medical Safety Certification Testing. In 2016, 3rd Party Testing was successfully completed and the QVH became certified for Medical use in both the US and EU. Since adding the QVH to its affiliate program, almost 2,500 cases have been funded. Included in the new affiliate Program is training based on SPIN’s business model. In many cases, there is minimal cash outlay to the independent healthcare providers other than a monthly cloud storage for all procedures involving the QVH.  The independent healthcare provider may offer SPIN the option to fund all cases which used the QVH.   SPIN has been advised by some attorneys that the use of the QVH helps expedite the settlement of the case. William F. Donovan, M.D., Chairman CEO of Spine Injury Solutions, Inc., said, “Costs associated with accident victims total in the hundreds of millions of dollars annually. Much of this cost is attributable to delayed or improper early diagnosis of the injury causing unnecessary, long term problems and costs. With over 40 years’ experience as a Board Certified Orthopedic surgeon, I have evaluated many cases that would not have required unnecessary treatments if early diagnosis would have been made. I came to the conclusion that lack of proper ‘tools’ rather than medical incompetency was the cause in the delay for patients to receive appropriate, necessary, and reasonable treatment. This led to the development of the SPIN affiliate program with its appropriate protocols and most importantly, the QVH.” .Having been one of the first surgeons in the country to use video in arthroscopic surgery, I felt there was a need to provide video documentation for accident victim procedures. For this reason, SPIN has invested some $2.5 million in developing and putting into service its proprietary QVH v.3. To date the QVH has been used on some 2,500 cases providing transparency for procedures performed.   About Spine Injury Solutions, Inc.: We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons, DOs and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management and funding services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases. Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com.   About Quad Video HALO, Inc.: A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain doctors the technology to provide Transparency of their surgical procedures  The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field. Additional information about QVH can be found at its website: www.quadvideohalo.com.   Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC.   Company Contact Dr. William F. Donovan Chairman, President & CEO Spine Injury Solutions, Inc. 713 521-4220  


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Spine Injury Solutions Inc. Initiates Advisory Board

Houston, March 06, 2017 (GLOBE NEWSWIRE) -- HOUSTON, March 6, 2017 -- Spine Injury Solutions, Inc. (SPIN), a technology-driven, medical service, device and healthcare solution company servicing the multi-billion dollar spine injury sector, through its Chairman/CEO Dr. William Donovan, MD is pleased to announce the formation of Advisory Board with Texas based Personal Injury (PI) Law Specialist, Lawrence M. Tylka as Chairman. Additional members are expected to be empaneled over the next several weeks. Tylka, founder of the Tylka Law Firm, has practiced in the Houston TX area for over 34 years having begun his PI career as a defense attorney representing major liability insurance companies.   Tylka left the defense firm to join a very successful personal injury law firm in 1987. He eventually became the managing attorney of that firm on Galveston Island. In August of 1998, Larry started his own law firm on Galveston Island. While the office may be located on Galveston Island, he has been able to enjoy a statewide practice and handle cases in other states and participate in the handling of cases in other countries such as Mexico and Honduras. The decision by SPIN to form the Advisory Board with Tylka as head was made by management based on Tylka’ strong passion for, and highly successful use of SPIN’s Quad Video HALO (QVH) over the past two years from the beginning of Beta testing. As a former Personal Injury defense attorney and subsequently multi-year member of the “Million Dollar Advocates Forum” representing injury victims, Tylka is a strong advocate willing to publically share his strong endorsement of QVH. He is openly willing to share that QVH is the tool that has significantly increased his victim’s settlements and considerably reduced time to resolution. But even more important, he feels that with the use of QVH,  comfort is being provided victims that “Best Practices of Medicine” are being observed and documented though SPIN’s proprietary QVH Video protocol.  To quote Tylka at a recent meeting; “Once made aware of it, I can’t see why any Personal Injury attorney would not want to use QVH.”   Dr. Donovan stated; “I have known and worked with Larry for many years. With his vast experience in personal injury law, from both initially as an Insurance Industry advocate and now an advocate for the victim, his advice, guidance and perspective contributed in the development of the QVH has been invaluable. Investors first heard from Larry as guest panelist on our Q1, 2016 Investors Conference Call heaping accolades on SPIN based on his own successful use of the QVH video in expediting case settlements at considerably higher levels than before. Since that time, his selfless willingness to help ‘spread the word’ of his success to the legal community has given us confidence that the time was now right to expand our very successful local ‘Affiliate’ program nationally. His willingness to ‘attach’ his name and reputation, directly to SPIN and QVH, by “chairing” our new Advisory Board, is solid testimony to the quality and potential of SPIN’s new Affiliate program as it rolls out.”   About Spine Injury Soutions, Inc: We are a medical services and technology company facilitating diagnostic services for patients who have sustained spine injuries resulting from traumatic accidents. We deliver turnkey solutions to spine surgeons, orthopedic surgeons and other healthcare providers that provide necessary and appropriate treatment of musculo-skeletal spine injuries resulting from automobile and work-related accidents. Our management services help reduce the financial burden on healthcare providers that provide patients with early-stage diagnostic testing and non-invasive surgical care, preventing many patients from being unnecessarily delayed or inhibited from obtaining needed treatment. We believe that our services and technology brings strong transparency and impartiality to all parties involved in the settlement of patient cases. Additional information about the company, along with a video can be found at its website at www.spineinjurysolutions.com . About Quad Video HALO, Inc. A wholly owned subsidiary of Spine Injury Solutions, Inc., Quad Video HALO, Inc brings surgeons and interventional pain management providers the ability to bring modern video documentation technology into the operating/treatment rooms. The Quad Video Technology™ V3.0 and HALO Rx™ creates a digital turnkey video and audio documentation solutions that integrates multiple views from other OR/treatment imaging sources with several other viewpoints just outside the sterile field.   Additional information about QVH can be found at its website: www.quadvideohalo.com . Forward-Looking Statements: This press release includes forward-looking statements as determined by the U.S. Securities and Exchange Commission (the "SEC"). All statements, other than statements of historical facts, included in this press release that address activities, events, or developments that the company believes or anticipates will or may occur in the future are forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations, healthcare services demands, changes in healthcare practices, government regulation, and other factors over which the company has little or no control. The company does not intend (and is not obligated) to update publicly any forward-looking statements. The contents of this press release should be considered in conjunction with the warnings and cautionary statements contained in the company's recent filings with the SEC. Company Contact Dr. William F. Donovan Chairman, President & CEO Spine Injury Solutions, Inc. 713 521-4220  
William Donovan
713 521-4220

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Ratios

vs
industry
vs
history
PB Ratio 2.36
SPIN's PB Ratio is ranked higher than
60% of the 238 Companies
in the Global Medical Care industry.

( Industry Median: 2.65 vs. SPIN: 2.36 )
Ranked among companies with meaningful PB Ratio only.
SPIN' s PB Ratio Range Over the Past 10 Years
Min: 0.78  Med: 2.29 Max: 278
Current: 2.36
0.78
278
PS Ratio 2.99
SPIN's PS Ratio is ranked lower than
70% of the 238 Companies
in the Global Medical Care industry.

( Industry Median: 1.57 vs. SPIN: 2.99 )
Ranked among companies with meaningful PS Ratio only.
SPIN' s PS Ratio Range Over the Past 10 Years
Min: 1.34  Med: 3.55 Max: 92.31
Current: 2.99
1.34
92.31
Price-to-Free-Cash-Flow 29.09
SPIN's Price-to-Free-Cash-Flow is ranked lower than
99.99% of the 106 Companies
in the Global Medical Care industry.

( Industry Median: 23.72 vs. SPIN: 29.09 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
SPIN' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 15.45  Med: 36.36 Max: 330
Current: 29.09
15.45
330
Price-to-Operating-Cash-Flow 29.09
SPIN's Price-to-Operating-Cash-Flow is ranked lower than
99.99% of the 154 Companies
in the Global Medical Care industry.

( Industry Median: 14.15 vs. SPIN: 29.09 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
SPIN' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 15.45  Med: 36.36 Max: 100
Current: 29.09
15.45
100
EV-to-EBIT -10.40
SPIN's EV-to-EBIT is ranked lower than
99.99% of the 292 Companies
in the Global Medical Care industry.

( Industry Median: 18.39 vs. SPIN: -10.40 )
Ranked among companies with meaningful EV-to-EBIT only.
SPIN' s EV-to-EBIT Range Over the Past 10 Years
Min: -275.7  Med: -8 Max: 30.8
Current: -10.4
-275.7
30.8
EV-to-EBITDA -10.68
SPIN's EV-to-EBITDA is ranked lower than
99.99% of the 306 Companies
in the Global Medical Care industry.

( Industry Median: 13.46 vs. SPIN: -10.68 )
Ranked among companies with meaningful EV-to-EBITDA only.
SPIN' s EV-to-EBITDA Range Over the Past 10 Years
Min: -275.7  Med: -8.2 Max: 30.6
Current: -10.68
-275.7
30.6
Current Ratio 1.11
SPIN's Current Ratio is ranked lower than
62% of the 244 Companies
in the Global Medical Care industry.

( Industry Median: 1.30 vs. SPIN: 1.11 )
Ranked among companies with meaningful Current Ratio only.
SPIN' s Current Ratio Range Over the Past 10 Years
Min: 0.01  Med: 0.67 Max: 5
Current: 1.11
0.01
5
Quick Ratio 1.00
SPIN's Quick Ratio is ranked lower than
63% of the 244 Companies
in the Global Medical Care industry.

( Industry Median: 1.18 vs. SPIN: 1.00 )
Ranked among companies with meaningful Quick Ratio only.
SPIN' s Quick Ratio Range Over the Past 10 Years
Min: 0.01  Med: 0.67 Max: 5
Current: 1
0.01
5
Days Inventory 58.06
SPIN's Days Inventory is ranked lower than
67% of the 192 Companies
in the Global Medical Care industry.

( Industry Median: 16.88 vs. SPIN: 58.06 )
Ranked among companies with meaningful Days Inventory only.
SPIN' s Days Inventory Range Over the Past 10 Years
Min: 2.79  Med: 19.32 Max: 68.6
Current: 58.06
2.79
68.6
Days Sales Outstanding 240.52
SPIN's Days Sales Outstanding is ranked lower than
98% of the 209 Companies
in the Global Medical Care industry.

( Industry Median: 40.40 vs. SPIN: 240.52 )
Ranked among companies with meaningful Days Sales Outstanding only.
SPIN' s Days Sales Outstanding Range Over the Past 10 Years
Min: 135.13  Med: 235.09 Max: 342.74
Current: 240.52
135.13
342.74

Buy Back

vs
industry
vs
history
3-Year Average Share Buyback Ratio -2.50
SPIN's 3-Year Average Share Buyback Ratio is ranked higher than
52% of the 130 Companies
in the Global Medical Care industry.

( Industry Median: -2.50 vs. SPIN: -2.50 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
SPIN' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -170.8  Med: -32.2 Max: 25.2
Current: -2.5
-170.8
25.2

Valuation & Return

vs
industry
vs
history
Price-to-Net-Current-Asset-Value 32.00
SPIN's Price-to-Net-Current-Asset-Value is ranked lower than
99.99% of the 54 Companies
in the Global Medical Care industry.

( Industry Median: 8.80 vs. SPIN: 32.00 )
Ranked among companies with meaningful Price-to-Net-Current-Asset-Value only.
SPIN' s Price-to-Net-Current-Asset-Value Range Over the Past 10 Years
Min: 4.17  Med: 12 Max: 40
Current: 32
4.17
40
Price-to-Tangible-Book 2.46
SPIN's Price-to-Tangible-Book is ranked higher than
70% of the 187 Companies
in the Global Medical Care industry.

( Industry Median: 3.76 vs. SPIN: 2.46 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
SPIN' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 1.06  Med: 2.27 Max: 753.08
Current: 2.46
1.06
753.08
Price-to-Intrinsic-Value-Projected-FCF 32.00
SPIN's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
100% of the 89 Companies
in the Global Medical Care industry.

( Industry Median: 9999.00 vs. SPIN: 32.00 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
SPIN' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 13.5  Med: 20 Max: 40
Current: 32
13.5
40
Price-to-Median-PS-Value 0.84
SPIN's Price-to-Median-PS-Value is ranked higher than
74% of the 199 Companies
in the Global Medical Care industry.

( Industry Median: 1.04 vs. SPIN: 0.84 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
SPIN' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.53  Med: 1.13 Max: 35.11
Current: 0.84
0.53
35.11
Earnings Yield (Greenblatt) % -9.62
SPIN's Earnings Yield (Greenblatt) % is ranked lower than
91% of the 334 Companies
in the Global Medical Care industry.

( Industry Median: 4.98 vs. SPIN: -9.62 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
SPIN' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -9.94  Med: 6.45 Max: 11.1
Current: -9.62
-9.94
11.1

More Statistics

Revenue (TTM) (Mil) $2.12
EPS (TTM) $ -0.04
Beta2.30
Short Percentage of Float0.00%
52-Week Range $0.15 - 0.50
Shares Outstanding (Mil)20.15

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