Business
VitalHub Reports First Quarter 2025 Results
Annual Recurring Revenue (ARR) ⁽¹⁾ up 54% YoY to $73.7 million T...
About this update from Vitalhub Corp.
[{"type":"text","content":"VitalHub Reports First Quarter 2025 Results\n\n\n\n\n Annual Recurring Revenue (ARR)\n \n\n ⁽¹⁾\n \n\n up 54% YoY to $73.7 million\n \n\n\n Total Revenue up 42% YoY to $21.7 million\n \n\n\n Adjusted EBITDA\n \n\n ⁽¹⁾\n \n\n up 39% YoY to $5.6 million\n \n\n\n TORONTO, May 08, 2025 (GLOBE NEWSWIRE) -- Vitalhub Corp. (the “Company” or “VitalHub”) (TSX: VHI) (OTCQX: VHIBF) announced today it has filed its Interim Condensed Consolidated Financial Statements and Management's Discussion and Analysis report for the three months ended March 31, 2025 with the Canadian securities authorities. These documents may be viewed under the Company’s profile at\n \n www.sedarplus.com\n \n .\n \n\n “We are pleased to report a strong start to 2025, achieving sequential net organic ARR⁽¹⁾ growth of $1.8 million and 26% adjusted EBITDA⁽¹⁾ in the first quarter,” said Dan Matlow, CEO of VitalHub. “We continue to strengthen our infrastructure, with improvements to process and integration capabilities. We are excited about our potential cash acquisition of UK-based Induction. Pending all approvals, we expect this acquisition to close in the third quarter of 2025 and foresee strong synergistic value.”\n \n\n “We ended the first quarter with a cash balance of over $90 million. Several acquisition opportunities are moving through the pipeline, diversified in geography and scale. We continue to be selective and maintain a disciplined approach on all prospective deals. For smaller-scale opportunities, we are seeing improved pricing and considerable strategic value. We are optimistic about the pipeline for the balance of the year.”\n \n\n VitalHub’s quarterly investor conference call will take place on Friday, May 9, 2025, at 9:00AM EST.\n \n\n To register for the call, please visit:\n \n\n https://us06web.zoom.us/webinar/register/WN_dlBWXhs0S5KWdlrSakva9A#/registration\n \n\n\n\n First Quarter 2025 Highlights\n \n\n\n\n ARR⁽¹⁾ at March 31, 2025 was $73,687,666 as compared to $71,054,210 at December 31, 2024, an increase of $2,633,457 or 4%. Over the quarter, ARR⁽¹⁾ movement from December 31, 2024 was attributable to:\n \n\n Organic growth of $1,777,442 or 3%;\n \n\...