CareMax, Inc.

CMAX

CMAXCareMax, Inc. US flag

NASDAQ Global Select

0.42

USD

+0.42

- -

1.61MMarket Cap

Income Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	103	296	631	751
+ Sales & Services Revenue	103	296	631	751
- Cost of Revenue	83	264	551	737
+ Cost of Goods & Services	83	264	551	737
Gross Profit	20	31	80	14
+ Other Operating Income	- -	- -	- -	- -
- Operating Expenses	10	59	109	123
+ Selling, General & Admin	9	46	88	95
+ Research & Development	- -	- -	- -	- -
+ Other Operating Expense	2	13	22	28
Operating Income (Loss)	10	-27	-29	-109
- Non-Operating (Income) Loss	2	-21	28	575
+ Interest Expense, Net	2	4	20	54
+ Interest Expense	2	4	20	54
- Interest Income	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	-25	8	521
Pretax Income	8	-7	-57	-684
- Income Tax Expense (Benefit)	- -	- -	-20	-1
- (Income) Loss from Affiliates	- -	- -	- -	- -
Income (Loss) from Cont Ops	8	-7	-38	-683
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -
Income (Loss) Incl. MI	8	-7	-38	-683
- Minority Interest	- -	- -	- -	- -
Net Income, GAAP	8	-7	-38	-683
- Preferred Dividends	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -
Net Income Avail to Common, GAAP	8	-7	-38	-683
EBIT	10	-27	-29	-109
EBITDA	11	-14	-7	-70
EBITDA Margin (%)	10.81	-4.76	-1.15	-9.26
EBITA	10	-27	-29	-109
Gross Margin (%)	19.34	10.63	12.72	1.85
Operating Margin (%)	9.36	-9.23	-4.6	-14.49
Profit Margin (%)	7.35	-2.26	-5.99	-90.98
Sales per Employee	- -	- -	- -	- -
Dividend per Share	1.38	- -	- -	- -
Depreciation Expense	2	13	22	39
Basic Weighted Avg Shares	3	2	3	4
Basic EPS, GAAP	2.84	-3.81	-12.49	-183.3
Basic EPS from Cont Ops	2.83	-3.81	-12.49	-183.3
Diluted Weighted Avg Shares	3	2	3	4
Diluted EPS, GAAP	2.84	-3.81	-12.49	-183.3
Diluted EPS from Cont Ops	2.83	-3.81	-12.49	-183.3

Balance Sheet (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	15	95	197	183
+ Cash, Cash Equivalents & STI	5	48	42	66
+ Cash & Cash Equivalents	5	48	42	66
+ ST Investments	- -	- -	- -	- -
+ Accounts & Notes Receiv	10	43	152	115
+ Accounts Receivable, Net	9	42	152	115
+ Notes Receivable, Net	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -
+ Other Receivable, Net	- -	1	- -	- -
+ Inventories	- -	1	1	- -
+ Raw Materials	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -
+ Other Inventory	- -	1	1	- -
+ Other ST Assets	- -	4	3	3
+ Misc ST Assets	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -
Total Noncurrent Assets	24	558	973	440
+ Property, Plant & Equip, Net	5	16	130	157
+ Property, Plant & Equip	8	22	141	172
- Accumulated Depreciation	3	6	11	14
+ LT Investments & Receivables	- -	- -	- -	- -
+ LT Investments	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -
+ Other LT Assets	19	542	843	283
+ Total Intangible Assets	19	524	824	258
+ Goodwill	10	465	701	157
+ Other Intangible Assets	9	60	124	101
+ LT Deferred Tax Assets	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -
+ Misc LT Assets	- -	18	19	25
Total Assets	39	653	1,171	623
+ Payables & Accruals	4	12	26	23
+ Accounts Payable	1	3	8	6
+ Accrued Taxes	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -
+ Other Payables & Accruals	3	9	19	16
+ ST Debt	1	6	36	373
+ ST Borrowings	1	6	31	364
+ ST Finance Leases	- -	- -	6	9
+ Other ST Liabilities	1	4	15	43
+ Deferred Revenue	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Misc ST Liabilities	1	4	15	43
Total Current Liabilities	5	22	77	439
+ LT Debt	26	111	327	119
+ LT Borrowings	26	111	231	21
+ LT Finance Leases	- -	- -	97	97
+ Other LT Liabilities	- -	15	147	4
+ Accrued Liabilities	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -
+ Misc LT Liabilities	- -	15	147	4
Total Noncurrent Liabilities	26	126	474	123
Total Liabilities	32	148	551	562
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -
+ Share Capital & APIC	- -	505	657	782
+ Common Stock	- -	- -	- -	- -
+ Additional Paid in Capital	- -	505	657	782
- Treasury Stock	- -	- -	- -	- -
+ Retained Earnings	- -	- -	-38	-721
+ Other Equity	- -	- -	- -	- -
Equity Before Minority Interest	7	505	620	61
+ Minority/Non Controlling Interest	- -	- -	- -	- -
Total Equity	7	505	620	61
Total Liabilities & Equity	39	653	1,171	623
Shares Outstanding	3	3	4	4
Number of Employees	- -	- -	- -	- -
Capital Leases - Total	- -	- -	102	106
Net Debt	22	69	220	320
Net Debt to Equity	332.91	13.72	35.45	521.28
Tangible Common Equity Ratio	-60	-14.77	-59.07	-53.84
Current Ratio	2.73	4.32	2.55	0.42
Cash Conversion Cycle	- -	29.24	52.87	61.47

Cash Flow Statement (USD)

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	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	8	-7	-38	-683
+ Depreciation & Amortization	2	13	22	39
+ Non-Cash Items	1	-26	-4	554
+ Stock-Based Compensation	- -	1	10	11
+ Deferred Income Taxes	- -	- -	-20	-1
+ Asset Impairment Charge	- -	- -	70	547
+ Other Non-Cash Adj	1	-27	-65	-3
+ Chg in Non-Cash Work Cap	-4	-5	-48	43
+ (Inc) Dec in Accts Receiv	-4	-4	-67	26
+ (Inc) Dec in Inventories	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	-1	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	6	-2
+ Inc (Dec) in Other	- -	-1	12	20
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Operating Activities	5	-24	-68	-47
+ Change in Fixed & Intang	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2	-7	-7	-15
+ Acq of Fixed Prod Assets	-2	-4	-7	-15
+ Acq of Intangible Assets	- -	-3	- -	- -
+ Cash (Repurchase) of Equity	- -	415	- -	- -
+ Increase in Capital Stock	- -	415	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -
+ Net Change in LT Investment	- -	- -	- -	- -
+ Dec in LT Investment	- -	- -	- -	- -
+ Inc in LT Investment	- -	- -	- -	- -
+ Net Cash From Acq & Div	-4	-313	-56	- -
+ Cash from Divestitures	- -	- -	- -	- -
+ Cash for Acq of Subs	-4	-313	-56	- -
+ Cash for JVs	- -	- -	- -	- -
+ Other Investing Activities	- -	3	1	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Investing Activities	-7	-317	-63	-15
+ Dividends Paid	-4	- -	- -	- -
+ Net Cash From Debt	6	222	137	86
+ Cash From Debt	6	250	259	122
+ Repayments of Debt	- -	-28	-122	-36
+ Other Financing Activities	- -	-254	-13	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -
Cash from Financing Activities	2	383	124	85
Effect of Foreign Exchange Rates	- -	- -	- -	- -
Net Changes in Cash	- -	43	-6	24
EBITDA	11	-14	-7	-70
EBITDA Margin (%)	10.81	-4.76	-1.15	-9.26
Free Cash Flow	3	-31	-76	-62
Net Cash Paid for Acquisitions	4	313	56	- -
Free Cash Flow to Firm	5	- -	- -	- -
Free Cash Flow to Equity	- -	194	61	25
Free Cash Flow per Basic Share	1.18	-17.52	-25	-16.5
Price/Free Cash Flow	167.65	-23.79	-5.45	-1.73
Cash Flow to Net Income	0.7	3.57	1.8	0.07
Capital Expenditures	-2	-7	-7	-15