Revenue Growth
Fourth quarter revenue was $49.8 million, up 9% from the prior year period. Procedure revenue growth increased 5%, and dietary supplement revenue increased 10.2% year-over-year.
Gross Profit Margin Improvement
Fourth quarter gross profit margin was 71.8%, a 247 basis point increase from the fourth quarter of 2023, reflecting cost savings from vertical integration and effective cost management.
Adjusted EBITDA Growth
Adjusted EBITDA increased 11.4% to $15.1 million, with an adjusted EBITDA margin of 30.3%, reflecting the operating leverage of the business model.
Successful Acquisition Integration
The acquisition of Asteria Health strengthened control over the supply chain, improved product quality, and generated cost efficiencies by vertically integrating internal manufacturing.
Introduction of BioteRx Platform
The phased launch of BioteRx wellness platform is a key competitive differentiator, providing practitioners with a seamless platform for product ordering, inventory management, and technical support.