Justin Keywood
Analyst, Siebel
Replay available
WELL Health Technologies Corp. (WELL) Q1 2026 Earnings Call
WELL Health Technologies Corp. (TSX: WELL) Q1 2026 earnings conference call, held 2026-05-07. Replay captured from the company's public earnings webcast.
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Gianluca Tucci
Analyst, Haywood Securities
Douglas Meem
Analyst, RBC Capital Markets
Michael Freeman
Analyst, Raymond James
Hamed Shabazi
Chief Executive Officer
Investor webinar replay
Watch the replay and follow the connected company analysis, news, and investor updates for Well Health Technologies Corp..
Replay transcript excerpt
WEBVTT 00:00:00.031 -- 00:00:04.915 Canadian-owned, certified, and fully integrated platform. 00:00:04.915 -- 00:00:08.298 Now let's look at Wellstar's financial performance for the quarter. 00:00:08.298 -- 00:00:13.363 We're pleased to report that Wellstar delivered yet another strong quarter, generating 00:00:13.363 -- 00:00:18.065 revenue of $21.8 million, an increase of 27% year-over-year. 00:00:18.127 -- 00:00:23.290 Wellstar achieved MRR, or monthly recurring revenue, of $6.4 00:00:23.312 -- 00:00:28.503 million at the end of Q1 2026, an increase of 38% as 00:00:28.503 -- 00:00:31.365 compared to Q1 2025. 00:00:31.427 -- 00:00:37.316 Adjusted EBITDA of $4.9 million in Q1 2026, an increase of 14% 00:00:37.316 -- 00:00:43.184 as compared to adjusted EBITDA of $4.3 million in Q1 2025. 00:00:43.184 -- 00:00:49.370 Adjusted EBITDA margins were 23% in Q1 2026 for Wellstone. 00:00:49.413 -- 00:00:54.417 I want to point out that there were approximately $259,000 in 00:00:54.620 -- 00:01:00.523 pre-public related company costs in the quarter preparing for our spin-out plans. 00:01:00.523 -- 00:01:07.410 Excluding these costs, adjusted EBITDA would have been $5.2 million, an increase of 20%. 00:01:08.675 -- 00:01:13.943 Moving on, HealWell also released its Q1 2026 financials earlier this afternoon. 00:01:13.943 -- 00:01:19.592 We're extremely proud of the progress made by HealWell, a company that we helped launch. 00:01:19.592 -- 00:01:24.279 HealWell is a global healthcare software company with enterprise-grade data science and 00:01:24.279 -- 00:01:29.589 AI offerings serving 70 of the largest health systems here in Canada and globally 00:01:29.589 -- 00:01:34.717 in 11 countries, including customers such as the NHS in the UK, governments 00:01:34.717 -- 00:01:39.825 ...