Quipt Home Medical Corp. (NASDAQ:QIPT) Q1 2023 Earnings Call Transcript

Justin Keywood: And would the focus still be in respiratory services or are you looking at any other areas?

Greg Crawford: Primarily would be re respiratory focused.

Justin Keywood: Great. Thank you for taking my questions.

Hardik Mehta: Thank you.

Operator: The next question comes from Stefan Quenneville with Echelon Capital Markets. Please go ahead.

Stefan Quenneville: Hi guys. Thanks for taking my question. And congrats on the quarter. Most of my questions have been answered. I just wanted to ask you kind of a question on the Cardinal distribution deal. It’s been about six months since you guys announced that. And I just wanted you to help me understand the kind of contribution that’s going to be making to organic growth and maybe just your assessment of how that’s panned out to date. Thanks.

Hardik Mehta: Yes, good question in that. I mean, we’ve seen a pickup in that in items such as incontinence and urological supplies. That’s kind of where our focus has been is on those particular items. And they have definitely contributed in that sum to the organic growth in that that we’ve seen over this past quarter. And we expect to see that to continue to build as we get into 2023.

Stefan Quenneville: And how much sort of tailwind in terms of like a basis points of growth, do you think that that could add?

Greg Crawford: Yes, it would be tough for us to really kind of give a number on that of where we’re at, how much those particular categories are actually going to contribute. So we’re still in the early stages.

Stefan Quenneville: Okay. Great. That’s it from me. Thanks guys.

Greg Crawford: Thank you.

Operator: That concludes the question-and-answer session. I will now hand the call back to Mr. Crawford for closing remarks.

Greg Crawford: Thank you, operator. And thank you all for your participation today. As always, you can find us on the web at www.quipthomemedical.com, where we will be posting a transcript of this call and also our updated investor deck. Thank you and have a great day.