COMPREHENSIVE HEALTHCARE SYSTEMS INC. (CANADA) (CMHSF)
Comprehensive Healthcare Systems Inc. focuses on designing and delivering custom-made administrative software for the healthcare sector. Their suite of services covers crucial aspects such as the issuance of membership cards, managing disease programs, handling pre-authorizations, processing claims, and facilitating bill payments. Furthermore, the company provides essential software licensing and ongoing support and upkeep. Their clientele is extensive, serving labor unions and self-insured organizations, various insurance providers, third-party administrators, hospitals, and direct healthcare consumers, alongside medical professionals like doctors, dentists, and other practitioners. The company was founded in 2001 and its main office is located in Edison, New Jersey.
Industry: Medical - Healthcare Information Services
Comprehensive Healthcare Systems, Inc.
OTC:CMHSFHealthcare · Medical - Healthcare Information Services
+0.00%$0.2500
Mkt Cap$7.05M
Float15.13M
O/S28.2M
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$4.19M
Net Income-$2.18M
Total Assets$926K
Free Cash Flow-$901K
Debt & Equity
Total Debt$2.67M
Total Equity-$6.2M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
2-year cumulative
1:20
Nasdaq bars a compliance period at 1:250
- 1:20Reverse splitMay 12, 202520 shares → 1
Balance Sheet Details
Assets$926K
Liabilities$7.13M
Accounts Receivable$372K
Accounts Payable$2.59M
Inventory$0
PP&E (Net)$404K
Goodwill$0
Intangible Assets$0
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | CAD | CAD | CAD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
| Revenue | $4.19M | $3.77M | $3.83M | $4.31M | $4.49M | $6.03M | $0 | $0 |
| YoY Growth | 11.3% | -1.6% | -11.2% | -4.1% | -25.4% | - | - | - |
| Cost of Revenue | $1.82M | $1.71M | $2.68M | $2.91M | $3.13M | $3.39M | $0 | $0 |
| Gross Profit | $2.37M | $2.06M | $1.15M | $1.4M | $1.37M | $2.63M | $0 | $0 |
| Gross Margin | 56.5% | 54.7% | 30.1% | 32.6% | 30.4% | 43.7% | - | - |
| Research and Development | $771K | $516K | $488K | $495K | $388K | $634K | $0 | $0 |
| Selling, General, and Administrative | $2.76M | $2.12M | $3.55M | $5.86M | $3.33M | $57K | $88K | $38K |
| Other | $48K | $400K | $444K | $195K | -$348K | $2.25M | $28K | $0 |
| Total Operating Expenses | $3.58M | $3.04M | $4.48M | $6.55M | $3.37M | $2.94M | $116K | $38K |
| Operating Income (EBIT) | -$1.21M | -$979K | -$3.33M | -$5.15M | -$2.01M | -$303K | -$116K | -$38K |
| Operating Margin | -28.9% | -26.0% | -86.9% | -119.5% | -44.7% | -5.0% | - | - |
| Interest Expense | $400K | $218K | $216K | $226K | $1.65M | $0 | $0 | $0 |
| Interest Income | $0 | $0 | $1K | $8K | $6K | $4K | $4K | $0 |
| Other Income (Expense) | -$971K | $372K | -$249K | $34K | -$2.91M | $22K | -$25K | -$5K |
| Income Before Tax (EBT) | -$2.18M | -$607K | -$3.57M | -$5.11M | -$4.92M | -$282K | -$141K | -$44K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | -$2.18M | -$607K | -$3.57M | -$5.11M | -$4.92M | -$282K | -$141K | -$44K |
| Net Income Margin | -52.0% | -16.1% | -93.4% | -118.7% | -109.6% | -4.7% | - | - |
| Supplementary Data | ||||||||
| EPS | -0.15 | -0.10 | -0.58 | -1.40 | -3.20 | -0.26 | -0.11 | -0.62 |
| Diluted EPS | -0.15 | -0.10 | -0.58 | -1.40 | -3.20 | -0.26 | -0.11 | -0.62 |
| Weighted Average OS | 14.65M | 6.20M | 6.12M | 3.66M | 1.51M | 1.42M | 1.09M | 70,776 |
| EBITDA | -$1.1M | $122K | -$2.85M | -$4.64M | -$2.72M | -$149K | -$116K | -$38K |
| EBITDA Margin | -26.2% | 3.2% | -74.4% | -107.7% | -60.5% | -2.5% | - | - |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | CAD | CAD | CAD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2021-01-31 | 2020-01-31 | 2019-01-31 |
| Assets | ||||||||
| Current Assets | ||||||||
| Cash and Cash Equivalents | $40K | $8K | $24K | $401K | $3.4M | $264K | $324K | $65K |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $40K | $8K | $24K | $401K | $3.4M | $264K | $324K | $65K |
| Accounts Receivable | $372K | $225K | $349K | $456K | $332K | $12K | $0 | $0 |
| Inventory | $0 | $0 | $0 | $108 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $0 | $2K | $0 | $0 | -$20K | $0 | $0 |
| Total Current Assets | $478K | $288K | $465K | $1.09M | $3.77M | $276K | $324K | $79K |
| Long-Term Assets | ||||||||
| Property, Plant & Equipment Net | $404K | $341K | $500K | $947K | $338K | $426K | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $44K | $24K | $70K | $70K | $0 | $118K | $0 | $0 |
| Total Long-Term Assets | $448K | $364K | $569K | $1.02M | $338K | $544K | $0 | $0 |
| Other Assets | $0 | $0 | -$67K | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $926K | $652K | $967K | $2.11M | $4.11M | $3.51M | $324K | $79K |
| Liabilities | ||||||||
| Current Liabilities | ||||||||
| Accounts Payable | $2.59M | $2.68M | $2.23M | $2.63M | $1.37M | $12K | $7K | $25K |
| Short-Term Debt | $1.94M | $1.93M | $1.36M | $143K | $1.36M | $2.51M | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $721K | $350K | $436K | $539K | $378K | $0 | $0 | $0 |
| Other Current Liabilities | $20K | $1.46M | -$8K | -$14K | $0 | $4.95M | $0 | $0 |
| Total Current Liabilities | $6.85M | $6.51M | $6.75M | $4.76M | $3.2M | $7.55M | $7K | $25K |
| Long-Term Liabilities | ||||||||
| Long-Term Debt | $58K | $58K | $56K | $860K | $0 | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $278K | $564K | $56K | $1.36M | $304K | $504K | $0 | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $7.13M | $7.08M | $6.8M | $5.26M | $3.5M | $8.06M | $7K | $25K |
| Stockholders' Equity | ||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $5.07M | $0 | $0 |
| Common Stock | $17.44M | $15.35M | $15.36M | $14.87M | $13.3M | $1.86M | $389K | $87K |
| Retained Earnings | -$25.61M | -$23.5M | -$22.9M | -$19.32M | -$14.21M | -$11.53M | -$140K | -$33K |
| Comprehensive Income & Other | $1.97M | $1.72M | $1.7M | $1.31M | $1.16M | $49K | $68K | $0 |
| Other Stockholders' Equity | $1.97M | $1.72M | $1.7M | $1.31M | $1.52M | $9.93M | $68K | -$1 |
| Total Equity | -$6.2M | -$6.43M | -$5.84M | -$3.15M | $603K | $264K | $317K | $54K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $926K | $652K | $967K | $2.11M | $4.11M | $8.32M | $324K | $79K |
| Supplementary Data | ||||||||
| Total Debt | $2.67M | $2.59M | $2.48M | $1.96M | $1.76M | $2.99M | $0 | $0 |
| Net Debt | $2.63M | $2.59M | $2.46M | $1.56M | -$1.64M | $2.72M | -$324K | -$65K |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | CAD | CAD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2021-01-31 | 2020-01-31 |
| Operating Activities | |||||||
| Net Income | -$2.18M | -$579K | -$3.58M | -$5.11M | -$4.93M | -$63K | -$107K |
| Depreciation & Amortization | $113K | $400K | $445K | $195K | $98K | $283K | $0 |
| Deferred Income Tax | $0 | $0 | $0 | -$304K | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $120K | $124K | $0 | $0 | $49K |
| Changes in Working Capital: | |||||||
| Accounts Receivable | -$151K | $106K | -$9K | -$198K | -$141K | -$44K | $0 |
| Inventory | $0 | $0 | $0 | -$167K | -$157K | $0 | $0 |
| Accounts Payable | -$124K | $211K | $1.29M | $1.22M | $524K | $0 | $0 |
| Other Working Capital | $368K | -$112K | $93K | $161K | -$671K | $48K | -$4K |
| Total Working Capital Change | $93K | $205K | $1.38M | $1.02M | -$445K | $4K | -$4K |
| Other Non-Cash Items | $1.25M | $341K | $411K | $108K | $2M | -$283K | $0 |
| Net Cash from Operating | -$724K | $367K | -$1.23M | -$3.97M | -$3.27M | -$59K | -$62K |
| Investing Activities | |||||||
| Capital Expenditures | -$177K | -$315K | $0 | -$68K | -$10K | -$6K | $0 |
| Acquisitions | $0 | $87K | $0 | $0 | $225K | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $79K | -$401K | $0 | $0 | $0 | -$6K | $0 |
| Net Cash from Investing | -$98K | -$628K | $0 | -$68K | $215K | -$12K | $0 |
| Financing Activities | |||||||
| Debt Repaid | $127K | -$184K | $15K | $302K | -$1.09M | $311K | - |
| Common Stock Issuance | $851K | $200K | $659K | $1.41M | $3.25M | $0 | $378K |
| Common Stock Repurchases | $0 | $0 | $0 | $0 | -$260K | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Financing Activities | -$122K | -$329K | -$38K | -$53K | $307K | $3.75M | -$57K |
| Net Cash from Financing | $854K | $245K | $852K | $1.04M | $4.39M | $3.44M | $321K |
| Forex Effect | -$634 | $0 | $0 | $0 | $0 | -$3.44M | $0 |
| Net Change in Cash | $32K | -$16K | -$377K | -$2.99M | $1.33M | -$71K | $259K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$724K | $367K | -$1.23M | -$3.97M | -$3.27M | -$59K | -$62K |
| Capital Expenditure | -$177K | -$330K | $4 | -$68K | -$10K | -$6K | $0 |
| Free Cash Flow | -$901K | $36K | -$1.23M | -$4.04M | -$3.28M | -$65K | -$62K |
| Cash at Beginning | $8K | $24K | $401K | $3.4M | $2.06M | $335K | $65K |
| Cash at End | $40K | $8K | $24K | $401K | $3.4M | $264K | $324K |