Wednesday, August 27, 2025

WELL Health Reports $25.6 Million In Revenue For Q1, Net Loss

WELL Health Technologies (TSX: WELL) this morning reported its first quarter 2021 financial results, reporting $25.6 million in revenue for the period along with a net loss of $7.1 million, or a loss of $0.04 per share. On an adjusted EBITDA basis, the company generated just $0.5 million in positive EBITDA.

Revenue for the period was reportedly a record on a quarterly basis, with revenues increasing 150% on a year over year basis from Q1 2020’s revenue of $10.2 million, and an improvement from the $17.2 million recognized in the fourth quarter. With a cost of sales of $15.5 million for the quarter, “adjusted” gross margins came in at 39.3%, with unadjusted numbers not yet filed by the company.

Notably, while the company technically hit its guidance of adjusted EBITDA improving for its Canadian operations, which saw the figure rise to $1.1 million from $417,000 in the fourth quarter, the company posted declining adjusted EBITDA on an overall quarter over quarter basis. The fourth quarter saw $765,000 in adjusted EBITDA, while the current quarter saw just $527,000.

In terms of outlook, the company remains persistent that it will achieve an annualized revenue run rate of $300 million, much of which is to come from the recently acquired CRH Medical. The company has also stated it is committed to achieving organic growth, continue with acquisitions, grow EBITDA, increase operating cash flows, and increase the market share of its digital health products.

WELL Health last traded at $7.31 on the TSX.


Information for this briefing was found via Sedar and WELL Health Technologies Corp. 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

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

Nord Precious Metals Identifies 29 Veins At Castle East Following 3D Modeling

Emerita Resources Expands El Cura Drill Program By 10,000 Metres As Deposit Remains Open For Expansion

Related News

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

WELL Health To Acquire Backoffice Service Provider

WELL Health Technologies (TSX: WELL) this morning elected to close the trading week out with...

Friday, April 30, 2021, 07:19:31 AM

Well Health Closes On 51% Acquisition Of Doctors Services Group

WELL Health Technologies Corp. (TSX: WELL) today announced that its wholly-owned subsidiary, DoctorCare, has finalized...

Wednesday, June 2, 2021, 08:32:11 AM

WELL Health Sees CRH Take Majority Stake Of Two Anesthesia Practices

WELL Health Technologies Corp. (TSX: WELL) announced this morning that its recently acquired subsidiary CRH...

Thursday, May 27, 2021, 08:45:08 AM

CloudMD Sells Several Assets At A Loss To Well Health

CloudMD Software & Services (TSXV: DOC) is apparently in the process of selling off certain...

Tuesday, October 11, 2022, 09:32:29 AM