NASDAQ$TOI

Oncology Institute Inc/The · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$65M

Previous: $52.3M+24.3%
EPS (adj)

-$0.17

Previous: -$0.04-325.0%
Capital Expenditures

-$3.53M

Previous: $950K-472.0%
Free Cash Flow

-$6.21M

Previous: -$1.37M-354.5%
Net Income

-$2.67M

Previous: -$2.98M+10.3%
Operating Income

-$20.1M

Previous: -$2.16M-831.7%
Gross Profit

-$20.1M

Previous: $52.3M-138.4%
Cash & Equivalents

$61.4M

Previous: $200K+30612.5%
Total Assets

$284M

Previous: $230M+23.2%
Stock-Based Comp

$6.55M

Previous: $59K+10994.9%

Revenue & EPS history

Oncology Institute · Revenue · Quarterly

$65M

Q3 2022+24.3%vs Q3 2021
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Revenue by segment

Oncology Institute · $63.5M total across 2 segments · Q3 2022

  • Patient Services
    $44.6M
  • Dispensary
    $18.8M

Forward guidance

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

Tailwinds

  • 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%

Headwinds

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

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 Q3 2022

Historical avgQ3 2022

+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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