{"id":1175,"date":"2025-05-30T21:00:00","date_gmt":"2025-05-31T01:00:00","guid":{"rendered":"https:\/\/www.inflation.us\/news\/?p=1175"},"modified":"2025-06-08T03:16:36","modified_gmt":"2025-06-08T07:16:36","slug":"hydreight-reports-strong-revenue-growth","status":"publish","type":"post","link":"https:\/\/www.inflation.us\/news\/announcement\/hydreight-reports-strong-revenue-growth\/","title":{"rendered":"Hydreight Reports 34% YOY Q1 Rev Growth"},"content":{"rendered":"\n<section class=\"press-release\">\n  <header>\n    <h1>Hydreight Reports 34% Year\u2011Over\u2011Year Q1 Revenue Growth, Improvement in Bottom\u2011Line Results, and Delivers Strong Performance Across Verticals<\/h1>\n    <p class=\"date-location\">\n      <time datetime=\"2025-05-30\">May 30, 2025<\/time> \u2013 Vancouver, BC &#038; Las Vegas, NV\n    <\/p>\n    <p class=\"source\"><em>Source: Hydreight Technologies Inc.<\/em><\/p>\n  <\/header>\n\n  <blockquote>\n    \u201cIt was an outstanding quarter. We exceeded our Q1 projections with approximately 34%\u202fYOY growth from our first two verticals, a clear sign that our strategy is working. We also secured new customers for VSDHOne, positioning us strongly to hit our year-end goals&#8230; We\u2019re continuing to increase our investments in the first half of\u202f2025 to support this growth and drive sustainable margin improvements.\u201d<br>\n    \u2014 Shane Madden, CEO\n  <\/blockquote>\n\n  <section class=\"financial-highlights\">\n    <h2>Q1 2025 Highlights<\/h2>\n    <ul>\n      <li>Topline\u00b9 Revenue: C$6.53\u202fmillion (\u219134% YoY)<\/li>\n      <li>GAAP Revenue: C$4.54\u202fmillion (versus C$3.38\u202fmillion in Q1 2024)<\/li>\n      <li>Gross Margin: C$1.50\u202fmillion (up from C$1.23\u202fmillion in Q1 2024)<\/li>\n      <li>Adjusted EBITDA\u00b9: C$163,000<\/li>\n      <li>GAAP Net Income: C$21,000 (versus net loss of C$309,000 in Q1 2024)<\/li>\n      <li>Cash on hand: C$6.04\u202fmillion<\/li>\n      <li>Strategic financing (Feb): C$5.4\u202fmillion gross (C$4.8\u202fmillion net)<\/li>\n      <li>Nurse sign\u2011ups: +65% vs Q1\u202f2024<\/li>\n      <li>Pharmacy orders: +48% vs Q1\u202f2024<\/li>\n      <li>Launched Personalized Genetic Testing &#038; Wellness on VSDHOne<\/li>\n    <\/ul>\n  <\/section>\n\n  <section class=\"subsequent-events\">\n    <h2>Highlights &#038; Subsequent Events<\/h2>\n    <ul>\n      <li><time datetime=\"2025-05-27\">May\u00a027,\u00a02025<\/time>: Launch of Personalized Genetic Testing &#038; Wellness on VSDHOne<\/li>\n      <li><time datetime=\"2025-05-05\">May\u00a05,\u00a02025<\/time>: Appointed Dr.\u202fRoebuck as Director<\/li>\n      <li><time datetime=\"2025-05-01\">May\u00a01,\u00a02025<\/time>: Q4\u00a02024 audited revenue and profitability milestone<\/li>\n      <li><time datetime=\"2025-04-17\">April\u00a017,\u00a02025<\/time>: Presented at Planet MicroCap Showcase &#038; CEM Bermuda<\/li>\n      <li><time datetime=\"2025-04-15\">April\u00a015,\u00a02025<\/time>: Expanded GLP-1 telehealth suite with Liraglutide<\/li>\n      <li><time datetime=\"2025-04-08\">April\u00a08,\u00a02025<\/time>: Partnered with Dr. Franklin Joseph<\/li>\n      <li><time datetime=\"2025-02-27\">Feb\u00a027,\u00a02025<\/time>: Added oral weight loss therapies<\/li>\n      <li><time datetime=\"2025-02-26\">Feb\u00a026,\u00a02025<\/time>: Closed C$5.4\u202fmillion financing<\/li>\n      <li><time datetime=\"2025-02-19\">Feb\u00a019,\u00a02025<\/time>: Named Top\u202f50 TSXV Company<\/li>\n      <li><time datetime=\"2025-02-18\">Feb\u00a018,\u00a02025<\/time>: Financing update<\/li>\n      <li><time datetime=\"2025-02-10\">Feb\u00a010,\u00a02025<\/time>: C$4\u202fmillion LIFE offering announced<\/li>\n      <li><time datetime=\"2025-02-05\">Feb\u00a05,\u00a02025<\/time>: Launched NAD+ therapy<\/li>\n      <li><time datetime=\"2025-01-29\">Jan\u00a029,\u00a02025<\/time>: DRIPBaR Direct launch<\/li>\n      <li><time datetime=\"2025-01-21\">Jan\u00a021,\u00a02025<\/time>: $10M health accelerator with Victory Square<\/li>\n      <li><time datetime=\"2025-01-09\">Jan\u00a09,\u00a02025<\/time>: 2024 milestones &#038; 2025 vision update<\/li>\n    <\/ul>\n  <\/section>\n\n  <footer>\n    <p>\u00b9 See \u201cUse of Non\u2011GAAP Financial Measures\u201d below.<\/p>\n    <p><strong>About Hydreight Technologies Inc.<\/strong><br>\n       Hydreight is a fast\u2011growing digital health and mobile clinical network that enables flexible, at\u2011home medical services across all 50 U.S. states via its VSDHOne platform.<\/p>\n       <p class=\"fine-print\"><em>Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. NIA has received compensation from NURS of US$30,000 cash for a three-month marketing contract. This message is meant for informational and educational purposes only and does not provide investment advice.<\/em><\/p>\n  <\/footer>\n<\/section>\n\n","protected":false},"excerpt":{"rendered":"<p>Hydreight Reports 34% Year\u2011Over\u2011Year Q1 Revenue Growth, Improvement in Bottom\u2011Line Results, and Delivers Strong Performance Across Verticals May 30, 2025 \u2013 Vancouver, BC &#038; Las Vegas, NV Source: Hydreight Technologies Inc. \u201cIt was an outstanding quarter. We exceeded our Q1 projections with approximately 34%\u202fYOY growth from our first two verticals, a clear sign that our [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1176,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[10,8],"class_list":["post-1175","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-announcement","tag-nurs","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/comments?post=1175"}],"version-history":[{"count":1,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1175\/revisions"}],"predecessor-version":[{"id":1177,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/posts\/1175\/revisions\/1177"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media\/1176"}],"wp:attachment":[{"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/media?parent=1175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/categories?post=1175"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.inflation.us\/news\/wp-json\/wp\/v2\/tags?post=1175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}