WELL Health Expects Over $120 Million In Revenue For Q1 2022

WELL Health Technologies Corp. (TSX: WELL) released today its preliminary results for Q1 2022. The company is expecting quarterly revenue “to be greater than $120.0 million”, up from Q4 2021’s revenue of $115.7 million.

The company is also anticipating operating adjusted EBITDA to be north of $20 million and free cash flow around $10 million. This comes after the firm recorded its first net income quarter in Q4.

“We are pleased to report that WELL is on the cusp of delivering its best-ever quarter of revenue performance in Q1 which is generally a quarter that is adversely affected by seasonality,” said CEO Hamed Shahbazi.

The preliminary financials is supported by the firm’s operating results, highlighted by a total of 772,093 omni-channel patient visits during the quarter.

WELL Health Technologies last traded at $4.39 on the TSX.


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.

Video Articles

Why $50 Silver, $4000 Gold Might Be Closer Than Anyone Thinks | Bradley Langille – GoGold Resources

Why Silver’s True Price Could Be Much Higher | Joaquín Marias – Argenta Silver

Gold Enters A ‘Stronger For Longer’ Phase | Richard Young – i-80 Gold

Recommended

Emerita Resources Intersects Further Mineralization At El Cura, Expanding Deposit

ESGold Sees ANT Survey Reveal Vertically Continuous System To 1,200 Metres Depth

Related News

Well Health Posts Q4 Revenues Of $115.7 Million, Positive Net Income

Well Health (TSX: WELL) this morning reported its fourth quarter financial results, posting Q4 revenues...

Thursday, March 31, 2022, 08:04:20 AM

WELL Health Reports Q4 Revenues Of $17.2 Million, Net Income Of $5.8 Million

WELL Health Technologies (TSX: WELL) this morning reported their fourth quarter and full fiscal year...

Thursday, March 18, 2021, 09:03:32 AM

Well Health: Consensus Price Target Climbs To $11.83 Following MyHealth Acquisition

WELL Health Technologies Corp. (TSX: WELL) this week announced that they would be acquiring MyHealth...

Thursday, June 10, 2021, 11:46:00 AM

WELL Health Records $99.3 Million In Revenue, $10.4 Million Net Loss In Q3 2021

WELL Health Technologies Corp. (TSX: WELL) reported today its financial performance for the quarter ending...

Wednesday, November 10, 2021, 10:31:00 AM

Well Health To Acquire MyHealth For $266.3 Million

WELL Health Technologies Corp. (TSX: WELL) today announced that it has entered into a definitive...

Monday, June 7, 2021, 08:30:46 AM