Significant Revenue Growth
The company reported 29% healthcare revenue growth compared to the same quarter of 2024, and total company revenues of $33.3 million, delivering a year-over-year growth of 22%.
Positive Adjusted EBITDA
The company achieved a positive adjusted EBITDA of $3.3 million in the first quarter, a significant improvement compared to an adjusted EBITDA loss of $1.2 million in the same quarter last year.
Record Implementations
Implemented 13 commercial programs, a record number for the company in a single quarter, expected to contribute $4.5 to $5 million in annualized revenue.
Upward Revision of Full-Year Guidance
Increased full-year revenue guidance to a range of $133 million to $135 million and adjusted EBITDA guidance to $9 million to $10 million.
Strong Performance in Claims-Based Business
Claims-based business revenue was $17.1 million, showing 38% year-over-year growth.
Successful Diversification Strategy
Eligibility revenue for the quarter was $16.1 million, representing a 20% increase year-over-year, driven by commercial client contributions.