The following is a summary of the InfuSystem Holdings, Inc. (INFU) Q4 2023 Earnings Call Transcript:

Financial Performance:

• InfuSystem reported Q4 2023 revenue of $31.8 million, representing a 10% increase from the prior year.

• The company's gross profit for the same period was at $16.7 million, an 8% increase year-over-year.

• Adjusted EBITDA stood at $6.2 million, or 19.4% of net revenue during the quarter.

• Operating cashflow for Q4 was $4.7 million, while net capital expenditures remained low at $1 million.

• Overall, total debt for the company decreased by $3.6 million to $28.9 million by Q4's end.

Business Progress:

• InfuSystem's biomedical services business is witnessing significant investments for future growth and improved margin.

• Revenue cycle management improvements in 2023 significantly bolstered oncology business revenue and profitability.

• Expected completion of the onboarding of devices under the GE MSA scheduled for the next quarter should support the firm's growth trajectory.

• InfuSystem's Biomed and Wound Care initiatives validated by 2023 performance, driving strong organic growth of 14%.

• Future focus lies in operational efficiencies, profitability, and strategic partnerships in the healthcare industry to leverage existing services.

More details: InfuSystems IR

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