Q1 2025 WELL Health Technologies Corp Earnings Call Transcript
Key Points
- WELL Health Technologies Corp (WHTCF) achieved record quarterly revenues of $294.1 million in Q1 2025, marking a 32% increase year-over-year.
- The company reported a 36% increase in adjusted EBITDA to $27.6 million compared to the previous year.
- WELL Health Technologies Corp is focusing on expanding its Canadian clinics network, aiming to reach a 10% market share in Canada.
- The company plans to resume its stock buyback program, indicating confidence in its undervalued stock.
- WELL Health Technologies Corp's Canadian business continues to show strong momentum with 32% year-over-year revenue growth.
- WELL Health Technologies Corp reported a net loss of $41.9 million in Q1 2025, compared to a net income of $13.8 million in Q1 2024.
- The company is in the process of divesting its US care delivery businesses, which could introduce transitional challenges.
- WELL Health Technologies Corp's adjusted net income decreased to $7.5 million from $17.2 million in the previous year.
- The company faces uncertainties related to the regulatory inquiry affecting the sale process of Circle Medical.
- Wisp's EBITDA margins fell to under 2% in Q1 2025, partly due to increased marketing and compliance costs.
Good afternoon, ladies and gentlemen, and welcome to the WELL Health Technologies Corp first quarter 2025 earnings release conference call. (Operator Instructions) This call is being recorded on Wednesday, May 14, 2025.
I would now like to turn the conference over to Tyler Baba, Investor Relations Manager. Please go ahead.
Thank you, operator, and welcome, everyone, to WELL Health's fiscal first quarter financial results conference call for the three months ended March 31, 2025. Joining me on the call today are Hamed Shahbazi, Chairman and CEO; and Eva Fong, the company's CFO.
I trust that everyone has received a copy of our financial results press release that was issued earlier today. Portions of today's call, other than historical performance, include statements of forward-looking information within the meaning of applicable securities laws, including future-oriented financial information and financial outlook information.
These forward-looking statements
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