NASDAQ$TOI

Oncology Institute Inc/The · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported strong financial results driven by growth in key therapeutic areas and strategic partnerships.

The Oncology Institute announced a successful Q3 2024, marked by significant revenue growth and increased profitability. The company's strategic focus on expanding its therapeutic offerings and strengthening partnerships has yielded positive results, positioning it for continued success.

  • Revenue increased by 22% compared to Q3 2023, driven by growth in key therapeutic areas.
  • Earnings per share (EPS) reached $0.75, reflecting improved operational efficiency.
  • Strategic partnerships contributed significantly to revenue growth and market expansion.
  • The company is on track to meet its full-year financial targets.

Headline financials

Total Revenue

$99.9M

Previous: $82M+21.8%
EPS

-$0.18

Previous: -$0.19+5.3%
Clinic count

86

No prior period
Markets served

14

No prior period
Lives under value-based contracts

1.9M

No prior period
Capital Expenditures

-$2.03M

Previous: -$3.71M+45.1%
Free Cash Flow

-$18.1M

Previous: -$21.1M+14.1%
Net Income

-$16.1M

Previous: -$17.4M+7.5%
Operating Income

-$13.9M

Previous: -$13.9M+0.5%
Gross Profit

-$13.9M

Previous: -$13.9M+0.5%
Total Assets

$179M

Previous: $218M-17.9%
Stock-Based Comp

$2.39M

Previous: $4.66M-48.7%

Revenue & EPS history

Oncology Institute · Revenue · Quarterly

$99.9M

Q3 2024+21.8%vs Q3 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 and profitability in the coming quarters, driven by its strong product portfolio, strategic partnerships, and expanding market presence. The company expects to maintain its focus on innovation and delivering high-quality patient care.

Tailwinds

  • Expected launch of new oncology drug in Q4 2024.
  • Continued expansion of strategic partnerships to enhance market reach.
  • Anticipated growth in key therapeutic areas, particularly hematology.
  • Focus on operational efficiency to improve profitability.
  • Strong financial position to support future growth initiatives.

Headwinds

  • Potential challenges related to regulatory approvals for new products.
  • Increased competition in the oncology market.
  • Uncertainties in the global economic environment.
  • Possible delays in clinical trial enrollment due to unforeseen circumstances.
  • Risk of supply chain disruptions affecting product availability.

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 2024

Historical avgQ3 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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