Business
Everyday People Financial Reports Q1 2025 Results with 20% Revenue Growth over Q1 2024 and Strategic Advancements Across Core Business Lines
Edmonton, Alberta--(Newsfile Corp. - May 14, 2025) - Everyday People Financial Corp. (TSXV: EPF)...
About this update from Everyday People Financial Inc
[{"type":"text","content":"Everyday People Financial Reports Q1 2025 Results with 20% Revenue Growth over Q1 2024 and Strategic Advancements Across Core Business LinesEdmonton, Alberta--(Newsfile Corp. - May 14, 2025) - Everyday People Financial Corp. (TSXV: EPF) (OTCQB: EPFCF) (\"Everyday People\" or the \"Company\"), a technology-driven financial services provider, is pleased to announce its consolidated financial results for the three months ended March 31, 2025, marking another milestone in the Company's growth strategy.\"Our Q1 performance reflects the momentum of our diversified business strategy. With strong contributions from our revenue cycle management (\"RCM\") segment and a shift toward capital-light, recurring revenue models in our Financial Services division, we are positioning the Company for sustained growth and profitability,\" said Gordon Reykdal, Executive Chairman of Everyday People.Key Financial Highlights for the Three Months Ended March 31, 2025Revenue increased by 20% to $17.7 million, compared to $14.8 million for the same period in 2024.Cash flow from operations improved by $2.3 million, moving from a negative $0.7 million in Q1 2024 to a positive $1.6 million in Q1 2025.Following the expansion of our RCM client base announced in December 2024, the Company began recognizing revenue from these new contracts in Q2 2025, with a growing financial impact throughout the remainder of the year. The Company anticipates increasing its RCM client base by an additional 40% based on its Q1 RCM revenues of $15.1 million this quarter as compared to $12.2 million for the same period in the prior year.1Adjusted EBITDAThree months endedThree months endedMarch 31, 2025$000March 31, 2024$000Adjusted EBITDA reconciliationNet profit before tax9691,467AdjustmentsDepreciation and amortization943799Acquisition costs-72Share-based compensation116153Finance costs614897Gain on contingent consideration(546)-Gain on debt settlement-(286)Total adjustment to net profit before tax1,1271,635Adjusted EBITDA2,0963,102Less: Finance costs (614)(897)Adjusted EBTDA 1,4822,205  Looking Forward\"Everyday People had an exceptionally strong start to the year and remain focused on advancing its capital-light business model and executing on a disciplined acquisition strategy.\" said Gordon Reykdal, Executive Chairman of Everyday People. \"We have a passionate and experi...