Vitalhub Corp. (VHI) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Before we begin, I will read our cautionary note regarding forward-looking information. Certain information to be discussed during this call contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those set forth in such statements. For a discussion of these risks and uncertainties, please review the forward-looking statements disclosure in the earnings press release and in our CDAR filings. As well, our commentary today will include adjusted financial measures, which are non-IFRS measures. These should be considered as a supplement to and not a substitute for IFRS measures. Reconciliations between the two can be found in our CDAR filings. With that, I will hand the call over to our CFO, Brian Goffenberg, to go over financial highlights for the quarter. Over to you, Brian. Thanks, Christian. Good morning, everyone. Thank you for joining the call today. We are pleased to report results for the first quarter of 2025. For the three months ended March, we added $1.8 million of net new organic annual recurring revenue and delivered adjusted EBITDA margins of 26%. We're happy with these results. We are steadily building scale in terms of revenue and cash generation. And our cash balance at the end of March was 91 million with no debt. I'll now provide more detail on our first quarter operating performance. Our annual recurring revenue was 73.7 million to close the quarter, an increase of 54% over the prior year. Over the previous year, organic growth contributed 14%. In the first quarter, total revenue was 21.7 million, an increase of 42% year over year. Recurring revenue or the term license maintenance and support segment was 18.3 million or 85% of revenues. This compared to 12.5 million or 82% in the prior year ...