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Sep 30, 2022

Oncology Institute Q3 2022 Earnings Report

The Oncology Institute's value-based care model and growth strategy were highlighted.

Key Takeaways

The Oncology Institute's investor presentation highlighted their position as a leading value-based oncology care platform, emphasizing their disruptive model, growth opportunities, and financial overview, including a revenue guidance of $245 to $250 million for 2022.

The Oncology Institute (TOI) is disrupting oncology care with a unique value-based model.

TOI's technology platform standardizes and aligns care delivery at scale.

The company has demonstrated new market exportability and has predictable, repeatable, and scalable growth.

Tremendous near-term and long-term growth opportunities exist for TOI.

Total Revenue
$65M
Previous year: $52.3M
+24.3%
EPS
-$0.17
Previous year: -$0.04
+325.0%
Gross Profit
$44.6M
Previous year: $52.3M
-14.6%
Cash and Equivalents
$61.4M
Previous year: $200K
+30612.5%
Free Cash Flow
-$21.6M
Previous year: -$1.37M
+1480.6%
Total Assets
$284M
Previous year: $230M
+23.2%

Oncology Institute

Oncology Institute

Oncology Institute Revenue by Segment

Forward Guidance

The Oncology Institute projects continued growth and profitability, driven by value-based care contracts, expansion into new markets, and strategic acquisitions.

Positive Outlook

  • New markets launch with FFS + Gainshare
  • Acquisition CAGR (Top-line): 18%
  • Acquisition EBITDA accretive: Year 1
  • DeNovo CAGR (Top-line): 53%
  • Conversion to Capitated Contracts by year 4: enabling Gross Margins >25%

Challenges Ahead

  • Adjusted EBITDA and Net Income Protability projected in 2024
  • Acquisitions
  • De Novo Growth
  • Operating Losses
  • Working Capital (predominantly funding A/R)

Revenue & Expenses

Visualization of income flow from segment revenue to net income