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Lumen Specialty Pharmacy On track

Specialty pharmacy · Minority equity · $19.5M deployed · Last report Oct 5

Overview

What changed this month

  • Cash rose $0.3M to $6.8M, far above the $2.0M minimum. The lowest point ahead is $7.0M in mid-November.
  • Earnings are 5.2% above budget. Two new payer contracts added volume in oncology.
  • Prescriptions filled rose 6% over last quarter and reimbursement days fell to 28.
Ending cash across operating accounts at the last weekly close.
$6.8M
Prior $6.5M · +$0.3M
On trackWeekly · as of Nov 6
Last 12 months’ EBITDA after approved adjustments, monthly.
$11.4M
Prior $11.1M · +2.7%
On trackMonthly · as of Sep 30
Debt service coverage: cash available for debt service ÷ interest and principal due. Higher is safer.
1.88x
Prior 1.85x · +0.03x · min 1.20x
On trackMonthly · as of Sep 30
Weeks of cash at the last 4 weeks’ average burn. New, added by Your Cohort
34 wks
Prior 33 wks · +1 wks
On trackWeekly · as of Nov 6
Days sales outstanding: how many days customers take to pay on average, last 3 months. Lower is better. New, added by Your Cohort
38 d
Prior 39 d · −1 d · target 45 d
On trackMonthly · as of Sep 30
(Revenue − cost of goods) ÷ revenue, last 12 months. New, added by Your Cohort
22.5%
Prior 22.2% · +0.3 pts
On trackMonthly · as of Sep 30

Cash, next 13 weeks

Ending cash by week · updated Tuesdays
Cash, next 13 weeksBar chart of weekly ending cash. Actual $6.5M on Oct 30 and $6.8M on Nov 6; forecast $7M on Nov 13 to $8.4M on Jan 22. Lowest forecast week Nov 13 at $7M. Minimum cash $2M: every forecast week clears it. Two weeks of spending $2.4M: 0 of 11 forecast weeks below it. $0$2M$4M$6M$8M$10M 2 weeks of spending $2.4MMinimum cash $2M Low $7M Oct 30Nov 13Nov 27Dec 11Dec 25Jan 8Jan 22
Cash, next 13 weeksBar chart of weekly ending cash. Actual $6.5M on Oct 30 and $6.8M on Nov 6; forecast $7M on Nov 13 to $8.4M on Jan 22. Lowest forecast week Nov 13 at $7M. Minimum cash $2M: every forecast week clears it. Two weeks of spending $2.4M: 0 of 11 forecast weeks below it. $0$2.5M$5M$7.5M$10M Low $7M Oct 30Nov 20Dec 11Jan 1Jan 22
ActualForecastCash low pointMinimum cash $2M2 weeks of spending $2.4M
Next week in
$1.7M
Next week out
$1.5M
Net cash flow
+$0.2M
Ending cash, Nov 13
$7.0M
Cash low point
$7M · Nov 13
Last week, plan vs actual
$6.6M → $6.8M
Forecast accuracy, 4 wks
98.9%
Invoices 90+ days late
$0.1M

Decisions for you

Checked against the deal documents before they reach you

Nothing waiting. Requests from the company appear here after the contract check.

Covenants

All 4 passing · Q3 certificate due Nov 14
Net debt ÷ adjusted EBITDA, last 12 months. Lower is safer.31.1% room
Debt service coverage: cash available for debt service ÷ interest and principal due. Higher is safer.56.7% room
Equipment and other capital spending this fiscal year, against the yearly cap.44% room
Ending cash must stay at or above this amount every week.240% room

New marks a measure Your Cohort adds to Thorne’s reporting · fictional companies and figures · thresholds are placeholders · select or hover any dotted label for its definition