Hey there,
Nothing has changed all that much since my last post as it has only been a quarter. Still do not have a full year’s worth of data in the system, so difficult to analyze.
The company did announce another quarter of solid results (+51%) revenue growth and double digit organic growth (10%). That is a notable uptick from the mid, single-digit organic growth it achieved previously. Still no analysts data either so, not clear if this was in line with expectations.
It does however, look to have been a solid quarter and year (actually seems to have had a better second half than first half). The company is down almost 30% YTD but that is as much a function of tech being in a tailspin, not so much a reflection of TOI itself.
Of note, the company operates in Europe and the company reported before the war broke out. I dug into their financials, it is not immediately clear what (if any) impact the war is having on operations. It does not breakdown the reveue or operations by European countries. I have sent them an email…will let you know if I hear anything back.
Mat