This healthcare technology company is expected to grow by 28.7% next year.
1Life Healthcare, Inc. (ONEM)
From Power Growth Investor
1Life Healthcare is a buy for aggressive investors. The company (TSINetwork Rating: Extra Risk) is a membership-based provider of primary health care that uses its One Medical technology platform. It has attracted more than 511,000 members in nine U.S. markets through online services and 77 physical locations.
In the quarter ended September 30, 2020, revenue jumped by 46.0%, to $101.7 million from $69.6 million a year earlier. One Medical’s membership count is now 511,000, up 28.7% from 397,000 a year ago.
The company lost $16.4 million, or $0.13 a share, in the latest quarter. That’s compared to a loss of $15.6 million, or $0.82 a share, on many fewer shares outstanding.
One Medical’s balance sheet is very sound, with cash of $682.3 million and no long-term debt.
We think the company will keep attracting corporations, and their employees, in this largely untapped market. That will push up returns for investors in this high-growth firm with favorable prospects.
1Life Healthcare is a buy.
Patrick McKeough, Power Growth Investor, tsinetwork.ca, 888-292-0296, December 2020