Business
Nova Leap Health Corp. Posts Q1 2026 Results
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES  ...
About this update from Nova Leap Health Corp.
[{"type":"text","content":"Nova Leap Health Corp. Posts Q1 2026 Results\nNOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES  HALIFAX, Nova Scotia, May 07, 2026 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a growing provider of home-based and community care services in North America, is pleased to announce the release of financial results for the quarter ended March 31, 2026. All amounts are in United States dollars unless otherwise specified. Nova Leap Q1 2026 Financial Results Financial results for the quarter ended March 31, 2026 include the following: Q1 2026 revenues of $7,851,894 increased by 10.7% relative to Q1 2025 revenues of $7,093,624.Trailing twelve-month revenues for the period from April 1, 2025 to March 31, 2026 were $32,225,075, the highest for any twelve-month period in the Company’s history. Q1 2026 Adjusted EBITDA of $461,308 was an increase of 59.6% over Q1 2025 Adjusted EBITDA of $289,060. (see calculation of Adjusted EBITDA below).Trailing twelve-month Adjusted EBITDA for the period from April 1, 2025 to March 31, 2026 was $2,218,421, the highest for any twelve-month period in the Company’s history. Gross profit margin as a percentage of revenues remained strong at 39.9% in Q1 2026. Gross profit margin percentage was 39.0% in Q1 2025.The Company generated income from operating activities in Q1 2026 of $291,242, an increase of $216,090 from Q1 2025.The Company recorded net income of $324,587 in Q1 2026 as compared to a net loss of $78,299 in Q1 2025.The Company had available cash of $1,605,102 as of March 31, 2026 as well as full access to the unutilized revolving credit facility of $1,076,117 (CAD$1,500,000).The Company had total demand loans and promissory notes outstanding as of March 31, 2026 of $1,962,421, representing a leverage ratio of 0.88 times to trailing twelve-month Adjusted EBITDA.On May 1, 2026, the Company acquired the shares of a home care services company located in Nova Scotia, Canada. Under the terms of the agreement, the acquisition was for total consideration of CAD$3,500,000 of which CAD$3,200,000 was payable with cash on closing and CAD$300,000 by way of a promissory note repayable over a three-year period. The cash on closing was funded by way of a CAD$2,200,000 draw on the Compan...