VIEMED HEALTHCARE INC
For the period ended Mar 31, 2024. Filed May 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 6, 2024
VMD$9.13+1.3%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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PART I - FINANCIAL INFORMATION Item 1. Financial Statements Condensed Consolidated Balance Sheets
PART I - FINANCIAL INFORMATION
Item 1. Financial Statements
| VIEMED HEALTHCARE, INC.CONDENSED CONSOLIDATED BALANCE SHEETS | |||
|---|---|---|---|
| (Expressed in thousands of U.S. Dollars, except outstanding shares) | |||
| Note | AtMarch 31, 2024 | AtDecember 31, 2023 | |
| (Unaudited) · (Audited) | |||
| ASSETS | |||
| Current assets | |||
| Cash and cash equivalents | 2 | $7,309 | $12,839 |
| Accounts receivable, net | 2 | 24,477 | 18,451 |
| Inventory | 2 | 4,349 | 4,628 |
| Prepaid expenses and other assets | 2,483 | 2,449 | |
| Total current assets | $38,618 | $38,367 | |
| Long-term assets | |||
| Property and equipment, net | 4 | 73,511 | 73,579 |
| Finance lease right-of-use assets | 297 | 401 | |
| Operating lease right-of-use assets | 2,733 | 2,872 | |
| Equity investments | 2 | 1,698 | 1,680 |
| Debt investment | 2 | 2,274 | 2,219 |
| Deferred tax asset | 10 | 4,558 | 4,558 |
| Identifiable intangibles, net | 534 | 567 | |
| Goodwill | 3 | 29,765 | 29,765 |
| Other long-term assets | 9 | 887 | 887 |
| Total long-term assets | $116,257 | $116,528 | |
| TOTAL ASSETS | $154,875 | $154,895 | |
| LIABILITIES | |||
| Current liabilities | |||
| Trade payables | $5,800 | $4,180 | |
| Deferred revenue | 6,092 | 6,207 | |
| Income taxes payable | 2,675 | 2,153 | |
| Accrued liabilities | 5 | 14,057 | 17,578 |
| Finance lease liabilities, current portion | 199 | 256 | |
| Operating lease liabilities, current portion | 6 | 698 | 678 |
| Current portion of long-term debt | 6 | 596 | 1,072 |
| Total current liabilities | $30,117 | $32,124 | |
| Long-term liabilities | |||
| Accrued liabilities | 8 | 447 | 558 |
| Finance lease liabilities, less current portion | 95 | 132 | |
| Operating lease liabilities, less current portion | 6 | 2,037 | 2,184 |
| Long-term debt | 5 | 5,906 | 6,002 |
| Total long-term liabilities | $8,485 | $8,876 | |
| TOTAL LIABILITIES | $38,602 | $41,000 | |
| Commitments and Contingencies | — | — | |
| SHAREHOLDERS' EQUITY | |||
| Common stock - No par value: unlimited authorized; 38,816,766 and 38,506,161 issued and outstanding as of March 31, 2024 and December 31, 2023, respectively | 8 | $21,842 | $18,702 |
| Additional paid-in capital | 14,294 | 15,698 | |
| Retained earnings | 80,137 | 79,495 | |
| TOTAL SHAREHOLDERS' EQUITY | $116,273 | $113,895 | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $154,875 | $154,895 | |
See accompanying notes to the condensed consolidated financial statements
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