IMAC Holdings (NASDAQ:BACK) Third Quarter 2022 Results

Key Financial Results

• Revenue: US$3.79m (up 8.6% from 3Q 2021).
• Net loss: US$6.33m (loss widened by 268% from 3Q 2021).
• US$0.23 loss per share (further deteriorated from US$0.068 loss in 3Q 2021).

All figures shown in the chart above are for the trailing 12 month (TTM) period

IMAC Holdings Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 188%.

Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Healthcare industry in the US.

Performance of the American Healthcare industry.

The company's shares are down 13% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 5 warning signs for IMAC Holdings (1 is a bit unpleasant) you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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