Core Insights - Hydreight Technologies Inc. has exceeded its operational target for 2025 by surpassing 1.3 million product orders placed ahead of year-end, reflecting strong platform adoption and partner demand [4][10][11] - The company has expanded its ecosystem to approximately 2,500 licenses, significantly exceeding its target of 1,000 for 2025, although many licenses are still in onboarding stages [7][10] - The focus remains on long-term value creation and disciplined execution as the company prepares for increased platform activity in 2026 [9][10][15] Operational Highlights - VSDHOne, the enterprise-focused vertical, began commercial activity in late June 2025 and has been progressively scaled [3] - The company achieved over 1.3 million product orders placed, surpassing its 2025 operational target, driven primarily by an initial base of approximately 400 fully onboarded licenses [4][10] - Hydreight continues to use product orders placed as its primary operational metric, reflecting real-time platform activity and demand [5][23] License and Platform Expansion - The company supports around 2,500 licenses, with the majority still in onboarding or early activation stages, which are not yet contributing significantly to order volume [7][10] - Management anticipates that utilization will scale progressively as onboarding is completed, positioning the company for increased activity in 2026 [7][15] Average Order Value and Strategic Focus - Average order value (AOV) reflects the early-stage scaling of newer offerings, with a focus on balancing order volume and product mix for long-term value creation [9][10] - The company is committed to building a durable and scalable business, with expectations for platform metrics to evolve as newer verticals mature [10] 2026 Guidance and Future Outlook - Hydreight plans to provide formal 2026 guidance early in the new year, following a review of several strategic initiatives, including enterprise partnerships and M&A opportunities [12][14] - The company is evaluating late-stage opportunities for enterprise customers, which will be incorporated into future guidance for a more accurate business outlook [13][14] Recognition and Growth - Hydreight was ranked as the 56th fastest-growing company in North America on the 2024 Deloitte Technology Fast 500™ and recognized as a top 50 TSX Venture Exchange company [16] - The company is expanding high-volume platform partners and increasing utilization across multiple healthcare categories, while also strengthening compliance and governance [16]