UPH - UpHealth: Troubled Virtual Healthcare Provider Still Searching For Answers

• UpHealth shares have lost 92% of their value over the past 12 months - the digital healthcare company joined the NYSE in June last year.
• The company was formed via a merger of UpHealth and Cloudbreak via a Special Purpose Acquisition Company, otherwise known as a "blank cheque" company.
• Q122 performance saw UpHealth deliver $36m of revenue at a gross margin of 43%, but scratching below the surface, there are multiple red flags to consider.
• The market appears to attach little value to UpHealth's progressive software platforms - stock is trading <$1.
• Investors prepared to tough it out and see what a new CEO can do could find themselves rewarded in years to come, but the risk of losing everything can't be discounted either.

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