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Strata Critical Medical (SRTA) investor relations material
Strata Critical Medical Investor Presentation summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Business transformation and strategic focus
Transitioned to a pure-play medical service provider after divesting the passenger business and rebranding, with a focus on organ transplant logistics and clinical services.
Acquired Keystone Perfusion, expanding into surgical recovery, NRP, and broader clinical services, with significant non-transplant medical revenue.
Maintains a strong balance sheet with approximately $200 million available for capital deployment through 2029.
Pursues a roll-up strategy targeting regional providers in fragmented markets to expand service footprint and customer base.
Emphasizes a partnership approach, clinical quality, and integration across logistics and clinical offerings.
Market position and growth drivers
Market leader in organ transplant logistics, offering an end-to-end, one-call solution supporting all perfusion options.
Industry growth driven by new technologies, regulatory reforms, and increased transplant volumes, with policy changes prioritizing sicker patients and expanding donor pools.
Positioned to outgrow the market through share gains, longer and more complex trips, and cross-selling opportunities.
Rising adoption of Normothermic Regional Perfusion (NRP) and third-party recoveries expected to drive further growth.
Limited customer overlap across service lines creates significant cross-sell potential.
Financial performance and outlook
2025E revenue guidance: $185–$195 million; pro forma with Keystone: $235–$245 million.
2025E Adjusted EBITDA: $13–$14 million; pro forma with Keystone: $22–$24 million.
2026 guidance: revenue of $255–$270 million, Adjusted EBITDA of $28–$32 million, and free cash flow of $15–$22 million before aircraft/engine acquisitions.
2021–2025E revenue CAGR ~90%, with organic revenue CAGR >40%; Adjusted EBITDA margin expected to reach mid-teens by 2029.
Q3 2025 revenue grew 37% year-over-year, with flight margin and Adjusted EBITDA showing significant improvement.
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