Well Health Technologies (TSE:WELL) has released an update.
WELL Health Technologies Corp. has reported a record-breaking first quarter in 2024 with a 37% increase in revenue to $231.6 million and a significant jump in net income to $19.6 million, contrasting a loss in the previous year. The company’s strong performance is attributed to both organic growth and strategic acquisitions, with a notable 13% organic growth stemming from its clinic absorption program. Anticipating continued financial success, WELL Health has raised its 2024 revenue guidance to between $960 million and $980 million and projects a 30% increase in free cash flow.
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