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CHCR Advanzeon Solutions

Established in 1969, Advanzeon Solutions Inc., (formerly Comprehensive Care Corp.) (“Advanzeon”, “we”, “Parent”, or the “Company”), through its wholly-owned subsidiary Pharmacy Value Management Solutions Inc., (“PVMS”) and its wholly-owned subsidiaries during 2015, and partly in 2016, provided managed care services by acting as the administrator for certain administrative service agreements in the behavioral health and substance abuse fields. We primarily offered these services to commercial, Medicare, Medicaid, Children’s Health Insurance Program (“CHIP”) health plans, as well as self-insured companies. Our managed care operations consisted solely of servicing administrative service agreements. Starting in July of 2015, we implemented our comprehensive sleep apnea program, called “SleepMaster Solutions” ™. SleepMaster Solutions (“SMS”) utilizes an administrative system for the convenient identification/testing and therapy of Obstructive Sleep Apnea (“OSA”). We partnered with a national health care provider by initiating a sleep apnea wellness program whereby we screened, tested and when needed, offered a treatment programs for treating this disorder. We also contracted with a union to treat its driver members. Beginning in 2017, our only business was our SMS sleep apnea program.

Company profile

Ticker
CHCR
Exchange
CEO
Clark A. Marcus
Employees
Incorporated
Location
Fiscal year end
Former names
COMPREHENSIVE CARE CORP
SEC CIK
IRS number
952594724

CHCR stock data

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Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

16 Nov 20
22 Apr 21
31 Dec 21
Quarter (USD)
Jun 20 Mar 20 Sep 19 Jun 19
Revenue
Cost of revenue
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Annual (USD)
Dec 19 Dec 18 Dec 17 Dec 14
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.84M 1.84M 1.84M 1.84M 1.84M 1.84M
Cash burn (monthly) (positive/no burn) (positive/no burn) 225.76K 163.78K 215.36K 212.42K
Cash used (since last report) n/a n/a 2.21M 1.6M 2.1M 2.08M
Cash remaining n/a n/a -369.59K 236.06K -267.98K -239.25K
Runway (months of cash) n/a n/a -1.6 1.4 -1.2 -1.1

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
28 Jan 21 Marcus Clark A. Common Stock Purchase Warrants Common Stock Buy Aquire P No No 0.5 140,000 70K 29,737,896
28 Jan 21 Marcus Clark A. Convertible Promissory Note Common Stock Buy Aquire P No No 70000 - 70K 29,597,896
20 Jan 21 Marcus Clark A. Common Stock Purchase Warrants Common Stock Buy Aquire P No No 0.5 40,000 20K 29,457,896
20 Jan 21 Marcus Clark A. Convertible Promissory Note Common Stock Buy Aquire P No No 20000 - 20K 29,417,896
14 Sep 20 Stephen M. Kreitzer Common Stock Buy Aquire P No No 0 82,857 0 334,857
17 Apr 20 Marcus Clark A. Common Stock Buy Aquire P No No 0 7,500 0 144,300

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares
Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
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Largest transactions
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Financial report summary

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Management Discussion
  • OSA services increased to $103,444 in 2020 from $90,453 in 2019. The increase was primarily the result of the Concentra account. Last year, on May 14, 2019, we reached an agreement with Concentra whereby Concentra engaged the Company, and the Company accepted the engagement, to serve as one of Concentra’s preferred national sleep apnea services provider. The launch was initiated during the fourth quarter of 2019.
  • While there was an increase in OSA services, the increase would have been greater without the clinics having to shut down due to the COVID-19 pandemic. As demonstrated in the first quarter of 2020, OSA services increased by $59,625 than in the comparable period of 2019. With the clinics having to be closed during the three months period ended June 30, 2020 due to the COVID-19 pandemic, there was only an increase of $12,990.
  • Cost of revenues decreased to $65,000 in 2020 from $66,157 in 2019. In 2019, the cost allocation was changed to reflect the cost and sales in the same month. This caused two months’ worth of charges in the month of April 2019. April 1, 2019 and April 30, 2019
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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