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Hydreight Technologies Reports Record 2024 Financial Results and Strategic Growth Plans

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Hydreight Technologies Inc ( (TSE:NURS) ) has shared an announcement.

Hydreight Technologies Inc. reported record financial results for 2024, with a 31% increase in topline revenue to $22.32 million and a 39% rise in GAAP revenue to $16.04 million. The company achieved positive Adjusted EBITDA of $490K, marking a significant turnaround from a loss in 2023. Hydreight was recognized on Deloitte’s Technology Fast 50 and Fast 500 lists, and completed a $5.4 million financing to support future growth. The company plans to scale its VSDHOne platform in 2025, focusing on franchise white-label and pharmacy growth, setting the stage for further expansion.

More about Hydreight Technologies Inc

Hydreight Technologies Inc. is a rapidly expanding mobile clinical network and medical platform that provides flexible, at-home healthcare services across all 50 U.S. states.

YTD Price Performance: -15.91%

Average Trading Volume: 104,934

Technical Sentiment Signal: Sell

Current Market Cap: C$45.96M

Find detailed analytics on NURS stock on TipRanks’ Stock Analysis page.

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