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Cano Health (CANO)

Jaws Acquisition Corp. provides investment services. It is a blank check company which created for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. The company intends to focus on growth-oriented companies across a variety of industries. Jaws Acquisition was founded by Barry Stuart Sternlicht & Joseph Leo. Dowling III on December 27, 2019 and is headquartered in Miami Beach, FL.

CANO stock data

Analyst ratings and price targets

Last 3 months

Calendar

8 Aug 22
26 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 47.85M 47.85M 47.85M 47.85M 47.85M
Cash burn (monthly) 21.74M 22.62M 10.35M 16.33M 13.08M
Cash used (since last report) 62.94M 65.5M 29.97M 47.28M 37.87M
Cash remaining -15.09M -17.65M 17.88M 566.06K 9.98M
Runway (months of cash) -0.7 -0.8 1.7 0.0 0.8

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Sep 22 Robert Camerlinck Class A Common Stock Other Acquire J No No 0 25,386 0 23,843,123
31 Aug 22 Brian D Koppy Class A Common Stock Payment of exercise Dispose F No No 5.9514 13,651 81.24K 730,483
31 Aug 22 Mark Novell Class A Common Stock Payment of exercise Dispose F No No 5.9515 7,387 43.96K 124,419
31 Aug 22 David J Armstrong Class A Common Stock Payment of exercise Dispose F No No 5.9515 20,500 122.01K 486,898
10 Aug 22 Mark Novell Class A Common Stock Grant Acquire A No No 0 24,000 0 131,806
7.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 2 3 -33.3%
Opened positions 0 1 EXIT
Closed positions 1 0 NEW
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 243.6M 243.61M -0.0%
Total shares 18.17M 18.17M -0.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Jaws Sponsor 17.18M $230.32M 0.0%
Integrated Core Strategies 990.14K $13.28M 0.0%
Largest transactions Shares Bought/sold Change
CWM 0 -1.66K EXIT
Integrated Core Strategies 990.14K 0 0.0%
Jaws Sponsor 17.18M 0 0.0%

Financial report summary

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Competition
Bright Health
Management Discussion
  • Capitated revenue. Capitated revenue was $655.5 million for the three months ended June 30, 2022, an increase of $326.0 million, or 98.9%, compared to $329.5 million for the three months ended June 30, 2021. The increase was primarily driven by a 102.4% increase in the total member months slightly offset by a 1.7% decrease in total revenue per member per month. The increase in member months was due to an increase in the total number of members served at new and existing centers and our acquisitions, primarily University in June 2021, and DMC in July 2021, which resulted in the addition of new members in Florida.
  • Fee-for-service and other revenue. Fee-for-service and other revenue was $33.9 million for the three months ended June 30, 2022, an increase of $19.8 million, or 140.3%, compared to $14.1 million for the three months ended June 30, 2021. The increase in fee-for-service revenue was primarily attributable to an increase in patients served across existing centers.
  • Third-party medical costs. Third-party medical costs were $541.3 million for the three months ended June 30, 2022, an increase of $249.5 million, or 85.5%, compared to $291.8 million for the three months ended June 30, 2021. The increase was primarily driven by a 102.4% increase in total member months, the addition of Direct Contracting Entity ("DCE") members with higher medical costs, and the trending shift toward proportionately more higher acuity patients across service lines. Further, in the three months ended June 30, 2022 there was $6 million of unfavorable prior year claims development for the Company's Medicare DCE program.

Content analysis

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Positive
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Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: CD, COO, Depot, father, Lastly, MedCloud, warehousing
Removed: charged, commencing, equaling, evaluating, exemption, face, family, favor, February, housekeeping, letter, logistic, meaningful, moving, parent, permitted, reliance, serving, thousand, UTP