Assure (IONM)
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Assure Reminds Stockholders To Vote For The Proposed Increase in Authorized Shares
Newsfilter· 2024-05-06 21:46
-- Of the Votes Received to Date, More than 95% Are Voting in Favor of the Increase -- More Votes Are Needed to Reach 50% of the Outstanding Shares Required for the Increase-- Every Vote Is Important to Avoid Delay in Completion of the Increase DENVER, May 06, 2024 (GLOBE NEWSWIRE) -- Assure Holdings Corp. (the "Company" or "Assure") (NASDAQ:IONM), a provider of intraoperative neuromonitoring ("IONM") and remote neurology services, would like to thank its stockholders for their support of Proposal 1 – To ap ...
Assure (IONM) - 2023 Q4 - Annual Report
2024-04-26 20:49
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 7887 E. Belleview Ave., Suite 240 Denver, Colorado 80111 (Address of Principal Executive Offices) (Zip Code) (720) 287-3093 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-4 ...
Assure (IONM) - 2023 Q3 - Quarterly Report
2023-12-22 01:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40785 ASSURE HOLDINGS CORP. (Exact Name of Registrant as Specified in its Charter) | Nevada | 82-2726719 | | --- | - ...
Assure (IONM) - 2023 Q2 - Quarterly Report
2023-08-14 20:59
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40785 ASSURE HOLDINGS CORP. | Nevada | 82-2726719 | | --- | --- | | (State or other jurisdiction of incorporation or orga ...
Assure (IONM) - 2023 Q1 - Earnings Call Transcript
2023-05-17 01:46
Financial Data and Key Metrics Changes - The company reported a gross revenue of $4.8 million and a net revenue of $3.6 million for Q1 2023, with a net loss of $4.3 million and an adjusted EBITDA loss of $3.1 million [37] - Operating expenses decreased by 26% year-over-year to $3.5 million, down from $4.8 million in the same quarter last year [17][29] - Cash collections for Q1 2023 were approximately $5 million, compared to $5.6 million in Q1 2022 and $4.3 million in Q4 2022 [39] Business Line Data and Key Metrics Changes - The total managed case volume for Q1 2023 was 5,200, reflecting a slight increase year-over-year [3][37] - The cost of revenues decreased by 13% to $3.4 million compared to $3.9 million in the prior year [38] Market Data and Key Metrics Changes - The company is experiencing challenges with reimbursement rates across the industry, with the time from claims submission to resolution remaining lengthy [30] - The total accounts receivable reserve was approximately $15.2 million, or 54% of outstanding gross accounts receivable, compared to $14 million or nearly 50% as of December 31, 2022 [16] Company Strategy and Development Direction - The company aims to achieve profitability on an adjusted EBITDA basis and positive cash flow from operations in the latter part of 2023 [8][34] - Plans are in place to exit MSA revenue sharing agreements by the end of Q2 2023, transitioning over 70% of remaining MSA volume to wholly-owned entities [19] - The company is actively evaluating tuck-in M&A opportunities in attractive markets to scale its business [10] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about improvements in the reimbursement process and believes the current challenges are temporal [4][10] - The company is focused on running leaner operations and reducing costs to adapt to ongoing lower reimbursement rates [18][24] Other Important Information - The company closed a public offering of 5 million common shares at $1.20 per share, which is expected to provide liquidity for growth and operational needs [12][34] - The company has filed for employee retention credits, expecting a cash refund from the IRS of approximately $3.3 million [13][21] Q&A Session Summary Question: What are the company's plans regarding the lawsuits in Louisiana? - Management is optimistic about settling one or both lawsuits prior to the year-end, which could materially impact cash position [24][42] Question: How does the company plan to improve cash collections? - The company is focusing on enhancing its revenue cycle management and has seen improvements in collections and cash management compared to competitors [9][31] Question: What is the outlook for the neuromonitoring market? - The company believes neuromonitoring is becoming a standard-of-care and is optimistic about expanding operations in high-performing markets like Texas and Colorado [10][32]
Assure (IONM) - 2023 Q1 - Quarterly Report
2023-05-15 20:29
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | | Trading | | | --- | --- | --- | | Title of each class | Symbol(s) | Name of each exchange on which registered | | Common Stock, $0.001 par value per share | IONM | Nasdaq Stock Market LLC (Nasdaq Capital | | | | Market) | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 1 ...
Assure (IONM) - 2022 Q4 - Earnings Call Transcript
2023-04-03 17:39
Assure Holdings Corp. (NASDAQ:IONM) Q4 2022 Earnings Conference Call April 3, 2023 9:00 AM ET Company Participants John Farlinger - Executive Chairman & CEO John Price – CFO Brett Maas - IR Conference Call Participants Jim Sidoti - Sidoti & Company Bill Sutherland - The Benchmark Company Operator Good day, everyone, and welcome to the Assure Holdings Fourth Quarter and Full Year 2022 Earnings Call. At this time, all participants are in a listen-only mode. [Operator Instructions] Please note, this call may b ...
Assure (IONM) - 2022 Q4 - Annual Report
2023-03-31 20:34
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-40785 ASSURE HOLDINGS CORP. (Exact Name of Registrant as Specified in its Charter) | Nevada | 82-2726719 | | --- | --- | | (S ...
Assure (IONM) Investor Presentation - Slideshow
2022-12-15 18:16
Investor Presentation December 2022 | NASDAQ: IONM Disclaimer & Safe Harbor Cautionary Note regarding Forward-Looking Statements This presentation may contain "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. Forwa ...
Assure (IONM) - 2022 Q3 - Earnings Call Transcript
2022-11-15 20:48
Assure Holdings Corp. (OTC:IONM) Q3 2022 Results Conference Call November 14, 2022 4:30 PM ET Company Participants Scott Kozak - Director of Investor Relations John Farlinger - Executive Chairman & Chief Executive Officer John Price - Chief Financial Officer Conference Call Participants Jim Sidoti - Sidoti and Company Bill Sutherland - Benchmark Company Operator Good day, everyone, and welcome to the Assure Holdings Third Quarter 2022 Earnings Call. At this time, all participants are in a listen-only mode. ...