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CMAX

CareMax, Inc.

https://www.caremax.com

Industry

Medical - Healthcare Information Services

CareMax, Inc. provides medical services through physicians and health care professionals. It offers a suite of health care and social services to its patients, including primary care, specialty care, telemedicine, health and wellness, optometry, dental, pharmacy, and transportation. The company also provides CareOptimize, a proprietary software and services platform that provides data, analytics, and rules-based decision tools/workflows for physicians in the United States. As of December 31, 2021, it operated 48 multi-specialty medical care centers in Florida, Tennessee, and New York. The company is headquartered in Miami, Florida.

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CareMax has drawn $3 million under its credit facility to cover short-term operating expenses. The company is exploring cost reductions, refinancing, and strategic alternatives to avoid Chapter 11 bankruptcy, as per an SEC filing.

Portfolio Pulse from Benzinga Newsdesk

August 21, 2024 | 1:20 pm

CareMax shares are trading lower after the company reported worse-than-expected Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 4:46 pm

Ainos, Inc. (NASDAQ:AIMD) shares surged 37.7% in pre-market trading after securing exclusive licenses for 10 patents from Taiwan Carbon Nano Technology. Other notable pre-market movers include LogicMark, Inc. (NASDAQ:LGMK) up 49% following a $4.5 million public offering, and Meta Materials Inc. (NASDAQ:MMAT) down 27.7% after filing for Chapter 7 bankruptcy.

Portfolio Pulse from Avi Kapoor

August 12, 2024 | 10:04 am

CareMax (NASDAQ:CMAX) reported Q2 2024 adjusted EPS of $(9.86), missing the $(6.86) estimate by 43.73%. Sales were $198.627M, missing the $206.928M estimate by 4.01%. This represents a 134.76% increase in losses and an 11.50% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 6:12 am

Saia, Inc. (NASDAQ:SAIA) shares fell 18.6% after reporting worse-than-expected Q2 earnings and sales. Other notable movers include BurgerFi International, Inc. (NASDAQ:BFI) up 117.4% after a legal settlement, and DexCom, Inc. (NASDAQ:DXCM) down 40.7% due to disappointing Q2 revenue and weak FY24 guidance.

Portfolio Pulse from Avi Kapoor

July 26, 2024 | 5:26 pm

CareMax shares have resumed trading after a temporary halt. The company, which trades under the ticker symbol CMAX, is expected to see some short-term volatility as investors react to the news.

Portfolio Pulse from Benzinga Newsdesk

July 25, 2024 | 1:50 pm

Comcast Corporation (NASDAQ:CMCSA) shares fell 6.1% after reporting worse-than-expected Q2 sales results. Other notable stock movements include Azitra, Inc. (NYSE:AZTR) jumping 529% due to a new patent, and Adial Pharmaceuticals, Inc. (NASDAQ:ADIL) rising 148% after advancing a study. General Motors Company (NYSE:GM) fell 6.1% after delaying EV projects.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 5:21 pm

SAP SE (NYSE:SAP) shares rose 5.9% in pre-market trading despite missing earnings and sales estimates for Q2. Other notable pre-market movers include Nature’s Miracle Holding Inc. (NASDAQ:NMHI), Volato Group, Inc. (NYSE:SOAR), and Frequency Electronics, Inc. (NASDAQ:FEIM) among gainers, and TransCode Therapeutics, Inc. (NASDAQ:RNAZ) and MIRA Pharmaceuticals, Inc. (NASDAQ:MIRA) among losers.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 9:29 am

CrowdStrike shares fell sharply by around 13% after downgrades from Guggenheim and BTIG analysts. The company also experienced a major outage impacting businesses globally. Selective Insurance Group shares also dipped significantly. Several other stocks saw notable movements, including MIRA Pharmaceuticals, CareMax, Tellurian, and Serve Robotics among gainers, and Linkage Global, Selina Hospitality, and TRxADE HEALTH among losers.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 5:28 pm

The article highlights significant intraday movements in health care stocks on Thursday. Notable gainers include Qualigen Therapeutics (QLGN), Sharps Technology (STSS), and Autonomix Medical (AMIX), while Reshape Lifesciences (RSLS) and CNS Pharma (CNSP) were among the losers.

Portfolio Pulse from Benzinga Insights

July 05, 2024 | 3:00 pm

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