Well Health Provides Vague Preliminary Q4 Results, Announces Return Of Buyback Program

Well Health (TSX: WELL) is looking to boost its share price. The firm this morning published preliminary earnings for the fourth quarter, indicating that its current revenue run rate exceeds the prior guidance of “exceeding $450 million” on an annualized basis.

In addition to the revenue run rate exceeding $450 million, the company also indicated that its adjusted EBITDA run rate for the year should be exceeding $100 million as well. The quarter reportedly had “strong organic growth,” which came from both virtual services and omni-channel patient services.

Further details on financial results for the fourth quarter were not provided. However, the company did indicate that it had a total of 692,913 omni-channel visits in the quarter, along with 146,116 diagnostic visits for MyHealth and 126,265 patient consultations.

The company also indicated this morning that it will be “re-activating” its normal course issuer bid announced last April, a result of the firms share price falling dramatically in recent weeks. The program is slated to be re-activated following the release of its 2021 financial results.

Well Health last traded at $3.83 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

Gold Drilling Scaled to 60,000 Meters: How Big Can This Get? | Roger Rosmus – Goliath Resources

Baselode Energy To Acquire Forum Energy: The Merger Of Equals Deal

TriStar Gold: The Revised Castelo de Sonhos Prefeasibility Study

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

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

Stifel: WELL Health Is A “Unique Business Model Still In High Growth Phase”

Earlier this month, WELL Health Technologies (TSX: WELL) reported their second quarter financials, with quarterly...

Sunday, August 23, 2020, 04:05:00 PM

WELL Health Records $61.8 Million In Revenue, $14.1 Million Net Loss In Q2 2021

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

Thursday, August 12, 2021, 08:39:16 AM

Well Health Looks To Raise $30 Million At $3.70 Per Share

Never wanting to put a good cash-producing opportunity to waste, Well Health (TSX: WELL) this...

Thursday, May 12, 2022, 10:52:00 AM

Well Health To Raise $65.0 Million Via Convertible Debt

Well Health Technologies (TSX: WELL) is returning to the trough just days after reporting its...

Tuesday, November 16, 2021, 08:25:55 AM