Banyan Lane Research

Banyan Lane Research

STLN Update

Messy update & call, but multi-year story unchanged

Banyan Lane Capital LLC's avatar
Banyan Lane Capital LLC
Nov 08, 2026
∙ Paid

Shares finished down ~45% on Friday following Q3 results. Despite several bright spots like a massive beat in specialty pharmacy and the successful launch of Nexus, the call led to a great deal of confusion regarding Florida contract timing and guidance. In addition, a growing accounts payable line and the…

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