OTCPK:SPIN

Stock Analysis Report

Executive Summary

Spine Injury Solutions, Inc., together with its subsidiaries, operates as a technology, marketing, billing, and collection company that provides diagnostic services for patients with spine injuries resulting from traumatic accidents.

Snowflake

Fundamentals

Overvalued with worrying balance sheet.

Share Price & News

How has Spine Injury Solutions's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

4.5%

SPIN

5.8%

US Healthcare

1.8%

US Market


1 Year Return

-82.5%

SPIN

-6.5%

US Healthcare

7.3%

US Market

Return vs Industry: SPIN underperformed the US Healthcare industry which returned -6.5% over the past year.

Return vs Market: SPIN underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

SPINIndustryMarket
7 Day4.5%5.8%1.8%
30 Day-11.5%2.5%-0.7%
90 Day-23.3%-1.8%0.06%
1 Year-82.5%-82.5%-5.0%-6.5%9.7%7.3%
3 Year-90.8%-90.8%33.9%28.6%46.3%36.9%
5 Year-95.8%-95.8%65.6%55.8%64.5%46.5%

Price Volatility Vs. Market

How volatile is Spine Injury Solutions's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Spine Injury Solutions undervalued compared to its fair value and its price relative to the market?

0.44x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate SPIN's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate SPIN's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: SPIN is unprofitable, so we can't compare its PE Ratio to the Healthcare industry average.

PE vs Market: SPIN is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate SPIN's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: SPIN is good value based on its PB Ratio (0.4x) compared to the US Healthcare industry average (2.5x).


Next Steps

Future Growth

How is Spine Injury Solutions forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.8%

Forecasted Healthcare industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Spine Injury Solutions has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

  • Take a look at our analysis of SPIN’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • While we do not consider unaudited financials to be a reliable enough to include in our analysis, you can access them on the OTC Markets Website. If you are looking for more of a qualitative research into the company, you can access Spine Injury Solutions's filings and announcements here.
  • Explore growth companies in the Healthcare industry.

Past Performance

How has Spine Injury Solutions performed over the past 5 years?

21.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: SPIN is unprofitable, but has reduced losses over the past 5 years at a rate of 21.5% per year.

Accelerating Growth: Unable to compare SPIN's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: SPIN is unprofitable, making it difficult to compare its past year earnings growth to the Healthcare industry (5.3%).


Return on Equity

High ROE: SPIN has a negative Return on Equity (-128.67%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: SPIN is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: SPIN is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Spine Injury Solutions's financial position?


Financial Position Analysis

Short Term Liabilities: SPIN's short term assets ($933.0K) do not cover its short term liabilities ($1.7M)

Long Term Liabilities: SPIN has no long term liabilities


Debt to Equity History and Analysis

Debt Level: SPIN's debt to equity ratio (151.9%) is considered high

Reducing Debt: SPIN's debt to equity ratio has increased from 31.1% to 151.9% over the past 5 years.


Balance Sheet

Inventory Level: SPIN has a low level of unsold assets or inventory.

Debt Coverage by Assets: SPIN's debt is not covered by short term assets (assets are 0.6x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: SPIN has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: SPIN has less than a year of cash runway if free cash flow continues to reduce at historical rates of -45.5% each year


Next Steps

Dividend

What is Spine Injury Solutions's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage1.6%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate SPIN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate SPIN's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if SPIN's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if SPIN's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of SPIN's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Spine Injury Solutions's salary, the management and board of directors tenure and is there insider trading?

8.0yrs

Average management tenure


CEO

William Donovan (76yo)

10.8yrs

Tenure

US$120,000

Compensation

Dr. William Francis Donovan, M.D. has been the Chief Executive Officer of Spine Injury Solutions, Inc. (Former Name: Versa Card, Inc., and Intrepid Global Imaging 3D, Inc). since January 28, 2009 and also  ...


CEO Compensation Analysis

Compensation vs. Market: William's total compensation ($USD120.00K) is about average for companies of similar size in the US market ($USD491.38K).

Compensation vs Earnings: William's compensation has been consistent with company performance over the past year.


Management Age and Tenure

8.0yrs

Average Tenure

62yo

Average Age

Experienced Management: SPIN's management team is seasoned and experienced (8 years average tenure).


Board Age and Tenure

5.2yrs

Average Tenure

66yo

Average Age

Experienced Board: SPIN's board of directors are considered experienced (5.2 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • William Donovan (76yo)

    CEO, President & Chairman

    • Tenure: 10.8yrs
    • Compensation: US$120.00k
  • Gary Giblen

    Director of Strategic Development

    • Tenure: 0yrs
  • Richard Specht (36yo)

    Corporate Secretary

    • Tenure: 0yrs
    • Compensation: US$225.00k
  • John Bergeron (62yo)

    CFO & Director

    • Tenure: 9.3yrs
    • Compensation: US$110.00k
  • David Spencer

    Chief Technology Officer and Chief Information Officer

    • Tenure: 0yrs
  • Matt DeGaetano

    Senior Vice President of Sales & Marketing

    • Tenure: 3.2yrs

Board Members

  • William Donovan (76yo)

    CEO, President & Chairman

    • Tenure: 10.8yrs
    • Compensation: US$120.00k
  • John Bergeron (62yo)

    CFO & Director

    • Tenure: 9.3yrs
    • Compensation: US$110.00k
  • Jerry Bratton (66yo)

    Independent Director

    • Tenure: 9.3yrs
  • Peter Dalrymple (76yo)

    Director

    • Tenure: 5.2yrs
  • Jeff Cronk (57yo)

    Director

    • Tenure: 3.9yrs
    • Compensation: US$21.44k
  • Larry Tylka

    Chairman of Advisory Board

    • Tenure: 2.6yrs

Company Information

Spine Injury Solutions, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Spine Injury Solutions, Inc.
  • Ticker: SPIN
  • Exchange: OTCPK
  • Founded: 1998
  • Industry: Health Care Services
  • Sector: Healthcare
  • Market Cap: US$465.540k
  • Shares outstanding: 20.24m
  • Website: https://www.spineinjurysolutions.com

Number of Employees


Location

  • Spine Injury Solutions, Inc.
  • 5225 Katy Freeway
  • Suite 600
  • Houston
  • Texas
  • 77007
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
SPINOTCPK (Pink Sheets LLC)YesCommon StockUSUSDMar 1999

Biography

Spine Injury Solutions, Inc., together with its subsidiaries, operates as a technology, marketing, billing, and collection company that provides diagnostic services for patients with spine injuries resulti ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:57
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.