Q1 2025 CareRx Corp Earnings Call Transcript

May 7, 2025 / 02:30 PM GMT

Release Date Price: €1.67 (-2.91%)

Transcript

Key Points

Positve

CareRx Corp (CHHHF) reported a stable revenue of $89.6 million for Q1 2025, consistent with the previous year.
The company successfully opened a new state-of-the-art pharmacy fulfillment center in North Burnaby, British Columbia, enhancing service delivery and employee work environment.
Adjusted EBITDA increased by 4.5% year-over-year to $7.8 million, with an improved margin due to efficiencies and cost-saving initiatives.
Net income turned positive at $227,000, compared to a net loss in the previous year, driven by reduced finance costs and depreciation expenses.
CareRx Corp (CHHHF) secured 3,000 new beds, with expected revenue contributions ramping up over the next two quarters, indicating robust growth opportunities.

Negative

Revenue decreased slightly from the previous quarter due to two fewer operational days.
The Ontario Ministry of Health postponed changes to long-term care pharmacy funding, creating uncertainty around future revenue impacts.
Employee costs increased due to inflation and merit adjustments, potentially affecting future profitability.
The full benefits of consolidating operations into the new Burnaby facility have not yet been realized, with expected impacts delayed to the latter half of the year.
Revenue per bed was impacted by changes in the mix of branded and generic pharmaceuticals, including the end of government-provided free COVID-19 therapies.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CRRX.TO - CareRx Corp
Q1 2025 CareRx Corp Earnings Call
May 07, 2025 / 02:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to the CareRX first quarter of 2025 financial results conference call.

Please note that this call is being broadcast live over the internet and the webcast will be available for replay beginning approximately one hour following the completion of the call.

Details of how to access the webcast replay are available in today's news release announcing the company's financial results.

As well as the company's website at www.carerx.ca.

Today's call is accompanied by a slide presentation. Those listening on the phones can access the slide presentation from the company's website and the investor relations section under events and presentations by loading the webcast and choosing the non

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