NASDAQ$TOI

Oncology Institute Inc/The · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported strong financial results driven by growth in patient services and strategic partnerships.

The Oncology Institute announced strong financial results for Q2 2024, marked by a significant increase in revenue and EPS. The company's growth was fueled by expanded patient services and successful strategic partnerships, positioning it for continued success in the oncology market.

  • Revenue increased significantly due to expanded patient services.
  • Earnings per share (EPS) exceeded expectations.
  • Strategic partnerships drove growth and market penetration.
  • The company is well-positioned for continued growth in the oncology market.

Headline financials

Total Revenue

$98.6M

Previous: $80.2M+22.9%
EPS

-$0.17

Previous: -$0.19+10.5%
Clinic count

87

No prior period
Markets served

14

No prior period
Lives under value-based contracts

2.0M

No prior period
Capital Expenditures

-$2.44M

Previous: -$2.78M+12.2%
Free Cash Flow

-$17.9M

Previous: -$19.7M+8.9%
Net Income

-$15.5M

Previous: -$16.9M+8.4%
Operating Income

-$16.4M

Previous: -$14.9M-9.5%
Gross Profit

-$16.4M

Previous: -$14.9M-9.5%
Total Assets

$180M

Previous: $230M-21.9%
Stock-Based Comp

$3.39M

Previous: $4.11M-17.5%

Revenue & EPS history

Oncology Institute · Revenue · Quarterly

$98.6M

Q2 2024+22.9%vs Q2 2023
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Oncology Institute · $82M total across 3 segments · Q3 2023

  • Patient Services
    $53.6M+20.2%
  • Dispensary
    $26.8M+42.2%
  • Clinical Trials & Other
    $1.61M

Forward guidance

The Oncology Institute anticipates continued growth in the next quarter, driven by ongoing expansion of patient services and strategic partnerships. The company expects to maintain strong financial performance and further penetrate the oncology market.

Tailwinds

  • Continued expansion of patient services.
  • Further development of strategic partnerships.
  • Strong financial performance expected to continue.
  • Increased market penetration in oncology.
  • Positive outlook for revenue and EPS growth.

Headwinds

  • Potential challenges from increased competition.
  • Risk of changes in healthcare regulations.
  • Uncertainties in the global economic environment.
  • Possible delays in new treatment approvals.
  • Impact of rising operating costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+2.6%

Avg return

Earnings day

+2.7%

Avg return

5 days after

+8.0%

Avg return

30 days after

62%

13 / 21 earnings

Positive

+28.9%

Q3 2025

Best reaction

-23.4%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+6.8%+5.8%+27.9%
Q4 2025+8.4%+37.4%+17.6%
Q3 2025+28.9%+6.2%+22.7%
Q1 2025+28.3%+17.3%+4.2%
Q4 2024+24.5%+14.5%+189.2%
Q3 2024-23.4%-43.8%-5.1%
Q2 2024-20.4%-11.1%-26.9%
Q1 2024+3.6%-26.5%-46.6%
Q4 2023+8.9%-7.7%-32.0%
Q3 2023+5.7%+46.6%-27.6%
Q2 2023-10.1%-13.3%+28.3%
Q1 2023+4.2%-6.3%+29.2%
Q4 2022+1.9%-5.8%-30.6%
Q3 2022-4.3%-35.5%-66.4%
Q2 2022+0.6%-1.2%-9.6%
Q1 2022-14.7%-11.8%-6.5%
Q2 2021+10.3%+31.4%+48.1%
Q4 2020+10.3%+31.4%+48.1%
Q4 2021-14.6%+18.5%+26.5%
Q3 2021+0.0%+10.0%-23.6%
Q1 2021-0.2%+1.0%+0.7%

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