The Oncology Institute Inc (TOI) Q3 2024 Earnings Call Highlights: Revenue Growth Amidst ... [Yahoo! Finance]
The Oncology Institute, Inc. (TOI)
Company Research
Source: Yahoo! Finance
The Oncology Institute Inc ( NASDAQ:TOI ) achieved a 21.8% increase in overall revenue for the third quarter compared to the prior year, driven by significant growth in oral drug revenue. The company signed 13 new capitation contracts year-to-date, including its first in Oregon and a second in Florida, enhancing its service offerings and market reach. TOI achieved certification to begin radiopharmaceutical therapy in its California Radiation oncology practice, positioning it as one of the few community-based practices on the West Coast to offer this service. The company reported a 6% reduction in SG&A expenses compared to the prior year, reflecting successful cost optimization efforts. TOI's cash and cash equivalents increased by $1 million compared to Q2 2024, marking its first quarterly cash surplus of the year. The Oncology Institute Inc ( NASDAQ:TOI ) reported a net loss of $16.1 million for Q3 2024, although this was an improvement of $1.3 million compared to Q3 2023.
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TOI
News
- Florida Blue enhances cancer care for thousands of membersGlobeNewswire
- The Oncology Institute Reports Third Quarter 2024 Financial ResultsGlobeNewswire
- The Oncology Institute Announces Certification to Administer Pluvicto Therapy in CaliforniaGlobeNewswire
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of an Investigation into The Oncology Institute, Inc.Accesswire
- SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors of an Investigation into The Oncology Institute, Inc.Accesswire
TOI
Earnings
- 8/13/24 - Miss
TOI
Sec Filings
- 12/19/24 - Form 8-K
- 12/6/24 - Form SCHEDULE
- 12/5/24 - Form 4
- TOI's page on the SEC website