Hydreight Achieves 33% YoY H1 Revenue Growth, Records 3rd Consecutive Quarter of Profitability, and Strengthens Performance Across Verticals

Core Insights - Hydreight Technologies Inc. reported a strong financial performance in Q2 2025, achieving a 31% year-over-year increase in GAAP revenue to $5.38 million and a topline revenue of $7.35 million, also up 31% compared to Q2 2024 [5][7] - The company has focused on expanding its modular VSDHOne platform, allowing customers to adopt services incrementally, and has prioritized strategic acquisitions to enhance margins and growth [1][3] - Hydreight has successfully entered new verticals such as genetic testing, anti-aging, and mental wellness, contributing to its growth strategy [3][5] Financial Performance - Q2 2025 GAAP revenue was $5.38 million, a 31% increase from Q2 2024, while topline revenue reached $7.35 million, also reflecting a 31% growth [5][7] - For the first six months of 2025, GAAP revenue totaled $9.92 million, up 33% year-over-year, with topline revenue at $13.88 million, also a 33% increase [5][7] - The company reported a gross margin of $1.93 million in Q2 2025, up from $1.56 million in Q2 2024, and an Adjusted EBITDA of $182K, indicating continued operational improvement [5][7] Strategic Initiatives - Hydreight has signed a binding letter of intent to acquire a 5% equity stake in Perfect Scripts, LLC, with an option to increase to 40%, establishing a strategic partnership [5][6] - The company has launched a personalized genetic testing and wellness solution on its VSDHOne platform, expanding its service offerings [6][5] - Hydreight is actively participating in investor conferences to enhance its visibility and attract new investors, with multiple events scheduled throughout 2025 [15][16] User Growth and Market Expansion - The company experienced approximately 77% growth in new nurse signups and a 48% increase in pharmacy orders compared to Q2 2024 [5][7] - The internal metrics for VSDHOne SKU orders indicated a strong demand, with approximately 42,829 pharmacy SKU orders received within the first 60 days of a targeted period [5][7] - Hydreight's platform has hosted over 3,000 nurses and 200 doctors, facilitating flexible at-home medical services across all 50 states in the U.S. [18][19]