Health In Tech reports Q3 EPS 1c vs. 1c last year

Reports Q3 revenue $8.5M vs. $4.46M last year. CEO Tim Johnson said: “Our Q3 highlights the accelerating strength of our distribution ecosystem and the solid foundation we’ve built this year. Revenue reached $8.5M, up 90% year over year, bringing nine-month revenue to $25.8M-already 132% of full-year 2024 revenue. This growth reflects the continued expansion of our broker, TPA, and agency network, which is now translating directly into sustained revenue momentum as our technology gains adoption across new distribution channels…We also remain focused on solving one of the most costly inefficiencies in U.S. healthcare-claims administration, which costs the industry more than $300B annually… By combining insurance domain expertise with blockchain innovation, we’re seeking to position Health In Tech (HIT) at the frontier of decentralized healthcare infrastructure-a market opportunity of substantial scale and long-term impact.” “We delivered another quarter of strong financial performance,” said Julia Qian, CFO”Revenue grew 90% year over year and profit increased 48%, reflecting both operational strength and disciplined execution. We continue to balance growth with strategic investments in technology and enhanced platform capabilities-initiatives that reinforce our leadership position and support sustainable long-term performance.”