- HEALWELL AI (HWAIF, Financial) reports Q1-2025 revenue surged 208% to $14.1 million.
- The AI and Data Science division saw a 224% increase, marking record growth.
- Acquisition of Orion Health expected to add $100 million in annual SaaS revenue starting Q2-2025.
HEALWELL AI Inc. (HWAIF) has reported a remarkable 208% increase in revenue in the first quarter of 2025, reaching $14.1 million, compared to $4.6 million in Q1-2024. The significant growth is largely attributed to the company's acquisitions and impressive advancements in their AI and Data Science division, which recorded a 224% increase in revenue.
The financial outlook for HEALWELL appears promising with the completion of its strategic acquisition of Orion Health on April 1, 2025. This acquisition is projected to contribute approximately $100 million in annual SaaS and services revenue starting in the second quarter of 2025. It is anticipated to significantly bolster the company's profitability on an Adjusted EBITDA basis and enhance its global presence by adding over 70 large enterprise customers across 11 countries.
HEALWELL continues to strengthen its financial position, securing over $100 million in total financing to support the Orion acquisition. This includes a $50 million credit facility led by prominent banks Scotiabank and RBC. Moreover, Q1-2025 gross profit stood at $6.5 million, a 226% increase compared to the previous year, demonstrating the company's formidable growth trajectory.
In leadership developments, effective July 1, 2025, James Lee will take on the role of CEO, a strategic move to propel HEALWELL into its next phase of growth and integration. Dr. Alexander Dobranowski will transition to President to focus on accelerating the company's AI initiatives and capital markets strategy.
HEALWELL's strategic focus on cost optimization is also noteworthy. The company has implemented measures projected to result in $3 million in annual savings, further underscoring its commitment to operational efficiency and sustained growth in the healthcare AI sector.
