Sunday, June 1, 2025

Latest

Skylight Health Records Q1 Revenues Of $5.2 Million, Net Loss Of $2.3 Million

Skylight Health Group Inc. (TSXV: SHG) last night released its financial results for Q1 2021, recording revenues at $5.2 million, an increase of 76% compared to $2.9 million for the same quarter in 2020, and up 62% from $3.2 million in the fourth quarter of 2020. Skylight reported a net loss of $2.3 million.

The company reported a gross profit margin of 69% for the period, versus 65% for the same period in 2020, and 68% for Q4 of 2020. Gross profit was recorded at approximately $3.5 million compared to the same period in 2020 which was recorded at approximately $1.9 million.

Skylight further declared a cash balance of $15.3 million with the company’s adjusted EBITDA improving to 35% with a loss of $1.3 million, versus a loss of $2.1 million in Q4 of 2020, and a loss of $0.6 million for the same period of 2020.

The company indicated within its outlook that it expects “higher growth in revenue” by year’s end as a result of acquisitions conducted, and “stronger EBITDA recognition.”

Skylight Health Group Inc. last traded on the TSX Venture at $6.83.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Skylight Health Admits It Can’t File Q4 Results, Expects To Be Halted

The end of the line appears to be here for Skylight Health Group (TSXV: SLHG)....

Monday, May 1, 2023, 08:11:23 PM

Skylight Health Announces $14.3 Million Acquisition Of Primary And Urgent Care Group

Skylight Health Group (TSXV: SHG) is starting the year off on a strong foot with...

Thursday, January 7, 2021, 07:42:42 AM

Skylight Health Sees Minimal Interest For Preferred Shares, Offering Pegged At Just US$5.8 Million

It appears that there is little interest for Skylight Health’s (TSXV: SLHG) previously proposed offering...

Thursday, December 2, 2021, 08:41:34 AM

Skylight Health Looks To Raise Funds Via Preferred Share Yielding 9.25% Annually

Skylight Health (TSXV: SLHG) is evidently running out of funding options that the market will...

Thursday, November 11, 2021, 09:10:31 AM

Skylight Health Posts 2020 Revenues Of $13.1 Million, Net Loss Of $9.5 Million

Skylight Health Group (TSXV: SHG) this morning reported its fourth quarter and full year 2020...

Tuesday, April 20, 2021, 07:59:45 AM