Premier Health Reports 2026 First Quarter Results

Core Viewpoint - Premier Health of America Inc. has reported a significant decline in revenues and gross margin for the first quarter ended December 31, 2025, compared to the same period in 2024, while focusing on cost reduction and operational efficiency [2][3][4]. Financial Performance - Revenues for the first quarter were CAD 17.835 million, down from CAD 32.132 million in the same quarter of 2024, representing a decrease of approximately 44.4% [2]. - Gross margin decreased to CAD 2.726 million, with a gross margin percentage of 15.28%, compared to CAD 5.137 million and 16.0% in the previous year [2]. - Adjusted EBITDA fell to CAD 5, down from CAD 705,000 in the same period last year, indicating a significant decline in operational profitability [2][8]. - The net loss for the quarter was CAD 2.549 million, compared to a net loss of CAD 2.261 million in the same quarter of 2024 [2][8]. Operational Highlights - The travel nurse and northern communities services are performing well overall, except for a decline in British Columbia due to a service acquisition centralization initiative by health authorities [3]. - The company has formally discontinued its Per Diem and Transportation operations, reallocating resources to focus on Travel Nurse operations across Canada [3][4]. - The interim CEO emphasized ongoing efforts in cost reduction, debt management, and operational efficiency, with a commitment to pursuing organic growth opportunities [4]. Company Overview - Premier Health is a leading Canadian Healthtech company that provides a comprehensive range of outsourced healthcare services to governments, companies, and individuals [6]. - The company utilizes its proprietary LiPHe platform to drive digital transformation in the healthcare services sector, aiming to provide faster, more affordable, and accessible care [6].