Premier Health Reports 2025 Third Quarter Results

About this update from Premier Health Of America Inc

[{"type":"text","content":"Premier Health Reports 2025 Third Quarter Results\n\n\n\n MONTRÉAL, Aug. 21, 2025 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV:\n \n PHA\n \n ) (the “\n \n Company\n \n ”), a leading Canadian Healthtech company, announces it has filed its unaudited Quarterly Consolidated Financial Statements and MD&A for its third quarter ended on June 30, 2025.\n \n\n\n\n\n Highlights\n \n\n\n\n\n\n (in thousands of Canadian dollars)\n \n\n\n\n June 30,\n \n 2025\n \n\n\n (3 months\n \n\n\n\n )\n \n\n\n June 30,\n \n 2024\n \n (3 months\n \n\n )\n \n\n\n June 30\n \n\n ,\n \n 2025\n \n\n\n (9 months\n \n\n\n\n )\n \n\n\n June 30,\n \n 2024\n \n (9 months\n \n\n )\n \n\n\n\n\n Revenues\n \n\n\n\n 21,910\n \n\n\n\n\n 41,482\n \n\n\n\n\n 81,179\n \n\n\n\n\n 124,732\n \n\n\n\n\n\n\n Gross margin\n \n\n\n (1)\n \n\n\n\n\n 3,489\n \n\n\n\n\n 6,380\n \n\n\n\n\n 13,155\n \n\n\n\n\n 22,569\n \n\n\n\n\n\n\n Gross margin as a % of revenues\n \n\n\n\n 15.9\n \n\n\n\n %\n \n\n\n 15.4\n \n\n %\n \n\n\n 16.2\n \n\n\n\n %\n \n\n\n 18.1\n \n\n %\n \n\n\n\n\n Adjusted EBITDA\n \n\n\n (1)\n \n\n\n\n\n 22\n \n\n\n\n\n 367\n \n\n\n\n\n 963\n \n\n\n\n\n 5,565\n \n\n\n\n\n\n\n Net Loss\n \n\n\n\n (3,531\n \n\n\n\n )\n \n\n\n (8,452\n \n\n )\n \n\n\n (8,943\n \n\n\n\n )\n \n\n\n (10,214\n \n\n )\n \n\n\n\n\n (1)\n \n See the Company’s MD&A for details on these non-GAAP measures.\n \n\n\n\n Summary\n \n\n\n\n Adjusted EBITDA for the quarter was $22K ($367K for the same period in 2024), mainly driven by a decline in volume in Quebec and British Columbia.\n \n\n Net Loss for the quarter was $3.5M (loss of $8.4M for the same period in 2024), the result of lower Adjusted EBITDA, partly offset by favorable fair value adjustments and lower income tax.\n \n\n\n The effects of the implementation of Quebec’s Bill 10 continued impacting the Per Diem segment during this quarter. As a reminder, Bill 10 imposes capped rates and a series of restrictions for using independent labor in Quebec. The Per Diem business now represents around 4% of revenues.\n \n\n The travel nurse and northern communities’ services are generally performing well except in BC where we are experiencing a volume reduction. This can be attributed to a service acquisition centralization effort by the health authorities, that we expec...

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