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VitalHub Reports Fourth Quarter 2025 Results
Globenewswire· 2026-03-18 22:23
Core Insights - VitalHub Corp. achieved significant financial growth in 2025, surpassing $100 million in total revenue, with a 59% year-over-year increase [3][7] - The company reported an Annual Recurring Revenue (ARR) of $96.1 million, reflecting a 35% increase year-over-year [1][4] - Adjusted EBITDA rose by 49% year-over-year to $26.6 million, representing 24% of total revenue [7][16] Financial Performance - Total revenue for Q4 2025 was $31.4 million, a 52% increase from $20.6 million in Q4 2024 [6][7] - Gross profit margin was 79% in Q4 2025, slightly down from 81% in the same period last year [7][8] - Net income for Q4 2025 was $4.1 million, compared to $787,244 in Q4 2024, marking a 417% increase [7][15] Growth Drivers - The company experienced organic growth of $7.2 million or 10% in 2025, alongside acquisition growth of $15.9 million or 22% [7][8] - VitalHub's strategic acquisitions have filled gaps in its portfolio, enhancing cross-selling opportunities globally [3][10] - The company is leveraging AI in its product roadmap to optimize operations and improve productivity [3] Balance Sheet Strength - As of December 31, 2025, VitalHub had cash and short-term investments of $119.2 million, up from $56.6 million a year earlier [9] - Deferred revenue increased to $45.4 million from $35.6 million, indicating strong future revenue potential [9] Market Position - VitalHub serves over 1,300 clients globally, focusing on health and human services with a comprehensive product suite [10] - The company is headquartered in Toronto and employs over 700 staff worldwide, with a dedicated innovation lab in Sri Lanka [10]
VitalHub Announces Updated Date for Fourth Quarter and Annual 2025 Results
Globenewswire· 2026-03-12 22:15
Core Viewpoint - VitalHub Corp. has announced a change in the release date for its financial results for Q4 and the year ended December 31, 2025, now scheduled for March 18, 2026, after market close [1][2] Group 1: Financial Results Announcement - The financial results will be released on March 18, 2026, after market close [2] - A conference call to discuss the results is scheduled for March 19, 2026, at 8:00 am EST [2] - The change in timing is due to the need for additional time to finalize the annual financial statements [2] Group 2: Company Overview - VitalHub is a leading software company focused on empowering health and human services providers globally [2] - The company offers a comprehensive product suite that includes electronic health records, operational intelligence, and workforce automation solutions, serving over 1,300 clients across the UK, Canada, and other regions [2] - VitalHub has a two-pronged growth strategy that includes targeting organic opportunities within its product suite and pursuing an aggressive M&A plan [2] - The company is headquartered in Toronto and employs over 700 individuals globally, with a VitalHub Innovations Lab located in Sri Lanka [2]
VitalHub Announces Q4 2025 Conference Call Date
Globenewswire· 2026-02-20 12:00
Group 1 - VitalHub Corp. will release its financial results for Q4 2025 on March 12, 2026, after market close [1] - A conference call will be held on March 13, 2026, at 9:00 am EST, hosted by CEO Dan Matlow and CFO Brian Goffenberg [1] - The company serves over 1,000 clients globally, focusing on health and human services [2] Group 2 - VitalHub has a two-pronged growth strategy that includes organic growth within its product suite and an aggressive M&A plan [2] - The company is headquartered in Toronto and has over 500 employees worldwide, including a VitalHub Innovations Lab in Sri Lanka [2]
VitalHub Reports Third Quarter 2025 Results
Globenewswire· 2025-11-06 22:30
Core Insights - VitalHub Corp. reported a significant increase in Annual Recurring Revenue (ARR), which rose 75% year-over-year to $93.7 million, and total revenue increased 94% year-over-year to $32.0 million [1][4][9] - The company achieved an adjusted EBITDA of $7.2 million, reflecting a 58% year-over-year increase [1][9] Financial Performance - For the third quarter of 2025, ARR was $93,693,789, up from $79,589,081 in the previous quarter, marking an 18% increase [4] - Total revenue for Q3 2025 was $32,044,030, compared to $16,509,135 in Q3 2024, representing a 94% increase [6][7] - Gross profit as a percentage of revenue remained stable at 81% for both Q3 2025 and Q3 2024 [7][8] - Net income before income taxes for Q3 2025 was $1,586,383, down 33% from $2,360,258 in the prior year [7][9] Growth Drivers - The company reported organic growth of $1,711,335 or 2% in Q3 2025, while acquisition growth contributed $12,000,000 or 15% [7] - For the nine months ended September 30, 2025, total revenue was $77,576,544, a 62% increase from $48,003,531 in the same period of 2024 [6][9] - Cash on hand as of September 30, 2025, was $123,684,500, significantly up from $56,574,904 at the end of 2024 [9] Strategic Focus - The CEO emphasized the importance of integrating recent acquisitions and optimizing commercial and operational alignment [3] - VitalHub is pursuing both organic growth opportunities and an aggressive M&A strategy to enhance its market position [10]
VitalHub Announces Q3 2025 Conference Call Date
Globenewswire· 2025-10-20 13:00
Core Insights - VitalHub Corp. will release its financial results for Q3 2025 on November 6, 2025, after market close, followed by a conference call on November 7, 2025, at 9:00 am EST [1] Company Overview - VitalHub is a leading software company focused on empowering health and human services providers globally, with a product suite that includes electronic health records, operational intelligence, and workforce automation solutions [2] - The company serves over 1,000 clients across the UK, Canada, and other regions, and has a robust growth strategy that includes both organic opportunities and an aggressive M&A plan [2] - VitalHub is headquartered in Toronto and employs over 500 individuals globally, including a dedicated Innovations Lab in Sri Lanka [2]
VitalHub Announces Change of Auditor
Globenewswire· 2025-09-15 22:01
Core Viewpoint - VitalHub Corp. has changed its auditor from MNP LLP to Ernst & Young LLP effective September 9, 2025 [1][2]. Auditor Change - The change was initiated at the request of the Company, leading to the resignation of the Former Auditor and the appointment of the Successor Auditor [2]. - The new auditor will serve until the close of the Company's next Annual General Meeting [2]. Audit Reports - There were no reservations in the Former Auditor's audit reports for the two most recently completed fiscal years [3]. - No reportable events occurred between the Company and the Former Auditor as defined in National Instrument 51-102 [3]. Compliance and Documentation - The Notice of Change of Auditor, along with required letters from both auditors, has been reviewed by the Company's Board of Directors and Audit Committee, and filed on SEDAR+ [4]. Company Overview - VitalHub is a leading software company focused on health and human services, serving over 1,000 clients globally [5]. - The Company has a growth strategy that includes organic opportunities and an aggressive M&A plan [5]. - VitalHub is headquartered in Toronto and employs over 500 people worldwide, including a lab in Sri Lanka [5].
VitalHub Reports Second Quarter 2025 Results
Globenewswire· 2025-08-07 21:35
Core Insights - VitalHub Corp. reported a significant increase in Annual Recurring Revenue (ARR), which rose by 55% year-over-year to $79.6 million [1][10] - Total revenue for the second quarter of 2025 increased by 47% year-over-year to $23.9 million [1][8] - Adjusted EBITDA also saw a substantial rise, up 50% year-over-year to $6.3 million [1][8] Financial Performance - For the three months ended June 30, 2025, revenue was $23,857,548, compared to $16,237,605 in the same period last year, marking a 47% increase [7][8] - For the six months ended June 30, 2025, total revenue reached $45,532,514, up 45% from $31,494,396 in the prior year [7][8] - Gross profit as a percentage of revenue remained stable at 81% for both Q2 2025 and Q2 2024 [8][9] Growth Drivers - The ARR growth of $28,305,511 or 55% from $51,283,570 at June 30, 2024, was driven by organic growth of $7,329,129 (14%) and acquisition growth of $18,470,000 (36%) [8][10] - The company closed significant acquisitions, including Novari Health and Induction, which are expected to enhance its product offerings in electronic referral and patient engagement solutions [3][8] Cash Position - As of June 30, 2025, VitalHub had a cash balance of $94,008,665, an increase from $56,574,904 at the end of 2024 [10][11] - The company arranged a $15 million loan for acquisition financing, which was fully repaid after the quarter-end [8][10] Strategic Outlook - VitalHub aims to continue its international expansion, supported by a robust cash position and a strong ARR [3][11] - The company is focused on integrating its recent acquisitions to build a consolidated financial profile [3][11]
VitalHub Announces Q2 2025 Conference Call Date
Globenewswire· 2025-07-21 13:00
Core Viewpoint - VitalHub Corp. is set to release its financial results for Q2 2025 on August 7, 2025, with a conference call scheduled for August 8, 2025, hosted by CEO Dan Matlow and CFO Brian Goffenberg [1] Company Overview - VitalHub is a leading software company focused on empowering health and human services providers globally [2] - The company's product suite includes electronic health records, operational intelligence, and workforce automation solutions, serving over 1,000 clients across the UK, Canada, and other regions [2] - VitalHub employs over 500 individuals globally and has a dedicated Innovations Lab located in Sri Lanka [2] - The company has a two-pronged growth strategy that includes targeting organic growth opportunities within its product suite and pursuing an aggressive mergers and acquisitions (M&A) plan [2]
VitalHub Announces Results of Annual General Meeting of Shareholders
Globenewswire· 2025-06-27 20:30
Core Points - Vitalhub Corp. held its annual general meeting on June 27, 2025, where all director nominees were elected and MNP LLP was appointed as auditors [1][3] Voting Results - Total shares voted were 33,721,314, representing 60.45% of the total shares issued and outstanding, which is 55,784,972 [1] - Election of Directors: - Barry Tissenbaum received 27,796,480 votes (83.01%) - Roger Dent received 22,227,480 votes (66.38%) - Stephen Garrington received 33,334,105 votes (99.55%) - Dan Matlow received 33,209,025 votes (99.18%) - Francis Shen received 24,660,909 votes (73.65%) - Tony Shen received 27,960,184 votes (83.50%) [2] - Appointment of Auditors: - MNP LLP received 33,564,368 votes (99.53%) for appointment as auditors [4] Company Overview - VitalHub is a leading software company focused on health and human services, offering a product suite that includes electronic health records and operational intelligence [5] - The company serves over 1,000 clients across the UK, Canada, and other regions, and has a growth strategy that includes both organic opportunities and an aggressive M&A plan [5]
VitalHub Reports First Quarter 2025 Results
Globenewswire· 2025-05-08 21:00
Core Insights - VitalHub Corp. reported a strong start to 2025 with significant growth in Annual Recurring Revenue (ARR) and total revenue, indicating robust business performance and strategic positioning in the health and human services software market [3][6]. Financial Performance - ARR increased by 54% year-over-year to $73.7 million as of March 31, 2025, compared to $47.8 million in the same period last year [6][7]. - Total revenue for the first quarter of 2025 was $21.7 million, reflecting a 42% increase from $15.3 million in the prior year [6][7]. - Adjusted EBITDA rose by 39% year-over-year to $5.6 million, representing 26% of total revenue [6][7]. Growth Drivers - The ARR growth was driven by organic growth of $6.7 million (14%) and acquisition growth of $16.8 million (35%) over the past year [6]. - The company ended the first quarter with a cash balance exceeding $90 million, positioning it well for future acquisitions [3][6]. Strategic Initiatives - VitalHub is pursuing a potential cash acquisition of UK-based Induction Healthcare Group PLC, valued at approximately £9.7 million ($18 million), expected to close in Q3 2025 [3][6]. - The company maintains a disciplined approach to acquisitions, focusing on opportunities that offer strategic value and improved pricing [3]. Operational Highlights - The gross profit margin was 80% for the first quarter of 2025, slightly down from 81% in the prior year [7]. - The company serves over 1,000 clients globally, with a comprehensive product suite that includes electronic health records and operational intelligence solutions [8][9].