Latest news with #TechnologyFast500
Yahoo
3 days ago
- Business
- Yahoo
Report: Colorado has one of the best economies in US despite shortfalls
DENVER (KDVR) — Despite a rise in unemployment rates and out-of-reach housing prices with starter homes costing upwards of $1 million in some areas, Colorado has one of the best economies of any state in the U.S. right now, according to a recent study. According to the report by WalletHub, Colorado has the No. 10 best economy of all the states, thriving more so on some data points than others. How Colorado cities rank among most affordable for homebuyers in US: Report Researchers at the personal finance website gathered data for all 50 states and the District of Columbia to compare economies based on 28 key indicators of performance and strength. The data includes changes in Gross Domestic Product, incomes, the labor force, unemployment rates, business growth, cost of living and more. The Centennial State ranked low and even last in several areas, however, WalletHub writer and analyst Chip Lupo said momentum in certain areas helped earn the No. 10 ranking overall. Here's how Colorado ranked in the three main categories: Economic Activity: No. 21 Economic Health: No. 22 Innovation Potential: No. 4 WalletHub shared the data behind the report with FOX31, highlighting how the state is thriving and falling behind. 'Colorado's No. 4 ranking for innovation potential is largely because of its strong presence in fast-growing tech sectors and a healthy startup ecosystem,' Lupo said in a statement. Denver rent prices trending down compared to nearby cities, state overall: Report Here are the data points where Colorado fell toward the bottom of the rankings: Change in GDP (2024 vs 2023): 1.89% (Rank 39) Exports per Capita (not seasonally adjusted; Exports measure the total physical movement of merchandise out of the United States to foreign countries): $1,808 (Rank 50) Unemployment rate: 4.7% (Rank 44) Underemployment Rate (% of the civilian labor force that is unemployed, plus all marginally attached workers, plus the total employed part-time for economic reasons): 8.1% (Rank 43) Growth in State Personal Income (2024 vs. 2023): 4.70% (Rank 37) Hawaii is the only state that ranked lower for experts per capita. The difference between the worst state and the best, Louisiana, is a 59-times difference, according to the report. Starter homes in these Denver metro area cities cost upwards of $1 million: Zillow Here are the data points where Colorado ranked toward the top of all the states: Change in GDP 2024 vs. 2023 (Percentage of firms in each state that are on the 'Technology Fast 500' list): 0.0067% (Rank 10) Rate of newly established firms: 12.5 (Rank 9) Median Annual Household Income Adjusted for Cost of Living: $83,158 (Rank 5) Share of Population in Poverty (Past 12 Months): 9.40% (Rank 5) Building-Permit Activity (Annual; New Privately-Owned Housing Units Authorized Unadjusted Units): 678.12 (Rank 10) Average Educational Attainment of Recent Migrants from Other U.S. States: 14.99 (Rank 9) Share of Jobs in High-Tech Industries: 6.99% (Rank 7) Share of Jobs STEM Employment: 9.30% (Rank 6) Independent Inventor Patents per 1,000 Working-Age Population: 0.95 (Rank 9) Entrepreneurial Activity (Kauffman Early-Stage Entrepreneurship (KESE) Index): 2.92 (Rank 8) The state ranks 10th for the share of fast-growing firms, illustrating that it's a hub for companies on the rise. That momentum is supported by a high concentration of jobs in both STEM fields and high-tech industries, in addition to strong investment in both industry and non-industry research and development. Add in Colorado's strong entrepreneurial activity, and it's clear the state has built a solid foundation for long-term innovation,' WalletHub writer and analyst Chip Lupo said. Study: Colorado homebuyers need this income to afford a typical home The report found that the states with the best economies are Massachusetts, Utah, Washington, California and New Hampshire. The full list of rankings and more can be found in the full report on the WalletHub website. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Scoop
07-05-2025
- Business
- Scoop
Cloudbeds And STAAH Partner To Enhance Channel Management For Hoteliers
Press Release – STAAH The new integration will offer real-time data synchronization, centralized inventory management, enhanced reporting, and an improved guest experience supporting properties in driving revenue and operational excellence. Cloudbeds, the premier hospitality management software platform, has announced a strategic partnership with STAAH, a pioneer in hotel distribution technology. The partnership aims to equip hoteliers with advanced tools for efficient channel management. (Photo/Supplied) The new integration will offer real-time data synchronization, centralized inventory management, enhanced reporting, and an improved guest experience – supporting properties in driving revenue and operational excellence. Through the partnership, hotels utilizing Cloudbeds' industry-leading property management system will gain access to STAAH's cloud-based channel management solutions, improving connections with online travel agencies and expanding their direct booking capabilities. Adam Harris, CEO of Cloudbeds, said: 'Distribution strategy separates market leaders from the rest in today's digital landscape. Our strategic partnership with STAAH combines two best-in-class technologies to deliver what our customers need most: more online revenue opportunities and operational efficiency. Together, we're delivering unique solutions that help properties create exceptional guest experiences.' Tony Howlett, CEO of STAAH, added: 'Our vision at STAAH is to create a streamlined, interconnected hospitality landscape. By teaming up with Cloudbeds, we are taking a significant stride toward enabling hotels to harness data effectively, leading to quicker, better decision-making. This partnership is a testament to our dedication to revolutionizing hotel operations globally.' The joint effort will provide hoteliers with critical tools to streamline their operations and manage hotel distribution more effectively, enabling timely data-driven decisions and heightened guest satisfaction. About Cloudbeds Cloudbeds is the leading platform redefining the concept of PMS for the hospitality industry, serving tens of thousands of properties in more than 150 countries worldwide. Built from the ground up to be masterfully unified and scalable, the award-winning Cloudbeds Platform brings together built-in and integrated solutions that modernize hotel operations, distribution, guest experience, and data & analytics. Founded in 2012, Cloudbeds has been named a top PMS, Hotel Management System and Channel Manager (2021-2024) by Hotel Tech Report, World's Best Hotel PMS Solutions Provider (2022) by World Travel Awards, and recognized in Deloitte's Technology Fast 500 in 2023. For more information, visit About STAAH Headquartered in New Zealand, STAAH is a world-class hospitality technology platform helping its accommodation providers (hotels, motels & vacation rentals) to grow online bookings & revenue with a user-friendly platform to manage Online Travel Agents (OTA), direct bookings, and online reputation. Founded by Gavin Jeddo in 2008, STAAH partners with over 20,000 properties across 90 countries through its operations in New Zealand, Australia, India, UAE, Malaysia, Philippines, Thailand, Indonesia, Vietnam and the UK, and Europe offering exceptional service in the area of Channel Management, Booking Engine, Websites, Vouchers, Reputation Management & Global Distribution System (GDS). In 2024, the company was acquired by The Access Group, a global leader in business management software. Content Sourced from Original url
Scoop
07-05-2025
- Business
- Scoop
Cloudbeds And STAAH Partner To Enhance Channel Management For Hoteliers
Cloudbeds, the premier hospitality management software platform, has announced a strategic partnership with STAAH, a pioneer in hotel distribution technology. The partnership aims to equip hoteliers with advanced tools for efficient channel management. The new integration will offer real-time data synchronization, centralized inventory management, enhanced reporting, and an improved guest experience – supporting properties in driving revenue and operational excellence. Through the partnership, hotels utilizing Cloudbeds' industry-leading property management system will gain access to STAAH's cloud-based channel management solutions, improving connections with online travel agencies and expanding their direct booking capabilities. Adam Harris, CEO of Cloudbeds, said: 'Distribution strategy separates market leaders from the rest in today's digital landscape. Our strategic partnership with STAAH combines two best-in-class technologies to deliver what our customers need most: more online revenue opportunities and operational efficiency. Together, we're delivering unique solutions that help properties create exceptional guest experiences." Tony Howlett, CEO of STAAH, added: 'Our vision at STAAH is to create a streamlined, interconnected hospitality landscape. By teaming up with Cloudbeds, we are taking a significant stride toward enabling hotels to harness data effectively, leading to quicker, better decision-making. This partnership is a testament to our dedication to revolutionizing hotel operations globally.' The joint effort will provide hoteliers with critical tools to streamline their operations and manage hotel distribution more effectively, enabling timely data-driven decisions and heightened guest satisfaction. About Cloudbeds Cloudbeds is the leading platform redefining the concept of PMS for the hospitality industry, serving tens of thousands of properties in more than 150 countries worldwide. Built from the ground up to be masterfully unified and scalable, the award-winning Cloudbeds Platform brings together built-in and integrated solutions that modernize hotel operations, distribution, guest experience, and data & analytics. Founded in 2012, Cloudbeds has been named a top PMS, Hotel Management System and Channel Manager (2021-2024) by Hotel Tech Report, World's Best Hotel PMS Solutions Provider (2022) by World Travel Awards, and recognized in Deloitte's Technology Fast 500 in 2023. For more information, visit About STAAH Headquartered in New Zealand, STAAH is a world-class hospitality technology platform helping its accommodation providers (hotels, motels & vacation rentals) to grow online bookings & revenue with a user-friendly platform to manage Online Travel Agents (OTA), direct bookings, and online reputation. Founded by Gavin Jeddo in 2008, STAAH partners with over 20,000 properties across 90 countries through its operations in New Zealand, Australia, India, UAE, Malaysia, Philippines, Thailand, Indonesia, Vietnam and the UK, and Europe offering exceptional service in the area of Channel Management, Booking Engine, Websites, Vouchers, Reputation Management & Global Distribution System (GDS). In 2024, the company was acquired by The Access Group, a global leader in business management software.
Yahoo
01-05-2025
- Business
- Yahoo
Hydreight Achieves Record Revenue and Profitability Milestone in Q4 2024 Audited Results
Record 2024 Topline¹ revenue of $22.32 million, up 31% from 2023 Record 2024 GAAP revenue of $16.04 million, up 39% from 2023 2024 Adjusted EBITDA¹ of +490K compared to ($1.38) million in 2023 2024 gross margin of $5.75 million, up from 8% from 2023 Q4 2024 Topline¹ revenue of $5.74 million, up 15% from Q4 2023 Q4 2024 GAAP revenue of $4.04 million, a 20% increase over Q4 2023 Q4 2024 gross margin of $1.37 million, compared to 1.57 million in Q4 2023 Met profitability milestone by achieving positive cash flow from operations in 2024 Audited Results Ranked #9 on Deloitte's 2024 Technology Fast 50™ list of Canada's fastest-growing companies Ranked #56 on Deloitte's 2024 Technology Fast 500™ list of fastest-growing companies in North America Recognized as one of the TSX Venture Exchange's 2024 Top 50 Companies Completed First Post-IPO Financing: In February 2025, Hydreight raised $5.4 million in gross proceeds through a LIFE offering, attracting strong support from strategic and institutional investors to fuel its next stage of growth. Upcoming earnings call to discuss Fiscal Year 2024 results: Tuesday May 6, 2025, at 10am PST / 1pm EST. See below for registration details. VANCOUVER, British Columbia and LAS VEGAS, May 01, 2025 (GLOBE NEWSWIRE) -- Hydreight Technologies Inc. ('Hydreight' or the 'Company') (TSXV: NURS)(OTCQB: HYDTF)(FSE: SO6),a fast-growing mobile clinical network and medical platform offering flexible, at-home healthcare services across all 50 U.S. states, is pleased to announce that it has filed its audited financial statements for the 2024 fiscal year ended December 31, 2024. All financial information is presented in Canadian dollars unless otherwise indicated. 'At the beginning of last year, we committed to three things: delivering meaningful growth, reaching profitability, and increasing our visibility in the capital markets. I'm proud to say we've delivered on all three. With record revenue, positive Adjusted EBITDA, and recognition from Deloitte, the TSX Venture 50, we've laid a strong foundation. Now, our focus for 2025 is scaling VSDHOne. We've onboarded several high-volume D2C partners, 40+ services and medications, and expect a significant ramp-up in orders beginning in the second half of this year. With franchise white-label and pharmacy growth continuing as our core drivers, this next wave of expansion is what sets us up for our next inflection point.' — Shane Madden, CEO, Hydreight Technologies Inc. The table below sets out a summary of certain financial results of the Company over the past eight quarters and is derived from the audited annual consolidated financial statements and unaudited quarterly consolidated financial statements of the Company. Fiscal Quarter Ended Revenue Net Income (Loss) After Taxes Comprehensive Loss Basic and Diluted Loss Per Share December 31, 2024 4,040,578 20,577 (106,396 ) 0.00 September 30, 2024 4,526,320 (89,938 ) (53,119 ) (0.00 ) June 30, 2024 4,100,212 (27,087 ) (48,184 ) (0.00 ) March 31, 2024 3,377,606 (308,721 ) (370,559 ) (0.01 ) December 31, 2023 3,373,193 (898,561 ) (865,068 ) (0.02 ) September 30, 2023 3,088,219 (466,973 ) (548,954 ) (0.01 ) June 30, 2023 2,699,668 (471,890 ) (405,638 ) (0.01 ) March 31, 2023 2,348,416 (99,927 ) (99,125 ) (0.00 ) Please see SEDAR+ for the Company's condensed consolidated audited financial statements and MD&A for audited annual consolidated financial statements for the year ended December 31, 2024. 2024 Key Highlights and Subsequent Events Fourth quarter revenues were $4.04M compared to $3.37M in the comparative quarter. Fourth quarter Adjusted Revenue1 and Adjusted Margin1 was $5.74M and $1.68M compared to $4.99M and $1.78M in the comparative quarter. Fiscal 2024 revenues were $16.04M compared to $11.51M in the comparative year. Fiscal 2024 Adjusted Revenue1 and Adjusted Margin1 was $22.32M and $5.75M compared to $17.05M and $5.34M in the comparative quarter. Fourth quarter Adjusted EBITDA1 was +$270K compared to ($557K) in the comparative quarter. Fiscal 2024 Adjusted EBITDA1 was +$490K compared to ($1.38M) in the comparative year. Fiscal 2024 cash flow from operating activities was $857K compared to ($402K) in cash used in operating activities in the comparative year. Cash balance at December 31, 2024, is $1.19M compared to $1.78M at December 31, 2023. On April 17, 2025. Hydreight Technologies to Present at the Planet MicroCap Showcase: VEGAS in partnership with MicroCapClub on Wednesday, April 23, 2025 & 1×1 Meetings on Thursday, April 24, 2025 On April 15, 2025. Hydreight Technologies Expands GLP-1 Telehealth Suite with Launch of Liraglutide on VSDHOne Platform On April 8, 2025. Hydreight Technologies Partners with Renowned Endocrinologist Dr. Franklin Joseph to Bring Globally Successful Weight Loss Brand to the U.S. via VSDHOne Platform On April 2, 2025. Hydreight Technologies Named One of the Americas' Fastest Growing Companies by Financial Times On February 27, 2025. Hydreight Technologies Expands Telehealth Services with New Oral Weight Loss Therapies on VSDHOne Platform On February 26, 2025. Hydreight Technologies Inc. Announces Closing of $5.4 Million LIFE Offering On February 19, 2025. Hydreight Technologies Recognized as a Top 50 TSX Venture Exchange Company On February 18, 2025. Hydreight Technologies Provides Update to Financing On February 10, 2025. Hydreight Technologies Inc. Announces LIFE Offering of up to $4 Million On February 5, 2025. Hydreight Technologies Expands Telehealth Offerings with Launch of NAD+ Therapy on VSDHOne Platform On January 29, 2025. Hydreight Technologies Partners with The DRIPBaR to Launch 'DRIPBaR Direct' Nationwide, Expanding Access to Direct-to-Consumer Healthcare Services On January 21, 2025. Hydreight and Victory Square Launch $10 Million Health Accelerator to Fuel Nationwide Expansion of Emerging Healthcare Brands on VSDHOne platform On January 9, 2025. Hydreight Technologies Provides Shareholder Update on 2024 Milestones and 2025 Vision On December 16, 2024. Hydreight Updates on VSDHOne: Revolutionizing Direct-to-Consumer Healthcare Across All 50 States On November 26, 2024. Hydreight Reports Record Topline¹ Revenue of $6.12M in Q3-2024 (YOY Increase of 54%) and achieved positive Adjusted EBITDA¹ On November 21, 2024. Hydreight Technologies Inc Ranked Number 56 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™ On November 6, 2024. Hydreight Technologies Inc. Ranks 9th in Deloitte's Technology Fast 50 Program Winners for 2024 On October 24, 2024. VSDHOne Expands to Offer Asynchronous Telehealth Treatments Including Skincare, Hair Loss, and Sexual Health On October 16, 2024. Hydreight Provides Corporate Update Reflecting Significant Growth On September 30, 2024. Hydreight Announces Normal Course Issuer Bid On August 28, 2024. Hydreight Reports Record Topline¹ Revenue of $5.59M in Q2-2024 (YOY Increase of 27%) and positive Adjusted EBIDTA¹ On July 11, 2024. Hydreight Expands Its 'At-Home Blood Testing' Solution with More Tests to All 50 States On June 26, 2024, Hydreight provided a corporate update reflecting significant revenue growth and strong organic operational growth. On June 12, 2024, Hydreight announced the addition of the third national wellness med spa franchise for white label solution. On June 5, 2024, Hydreight announced Launching VSDHOne, a telemedicine solution that helps companies launch a direct to consumer ('D2C') healthcare brand in all 50 States. On May 30, 2024, Hydreight reported record Adjusted Revenue1 of $4.87M in Q1-2024 (YOY Increase of 33%) On May 23, 2024, Hydreight Technologies, through its associated medical network, announced it now offered Tirzepatide which also features GLP-1 Medications (Low-Cost Semaglutide), NAD+ and more. On April 29, 2024, Hydreight announced that it achieved record revenue and filed its audited financial statements for the fiscal year ended December 31, 2023. On March 25, 2024. Hydreight Partners with American Frontline Nurses with a Network of Over 26,000 Nurses On February 26, 2024. Hydreight Partners with Ola Digital Health, an Independent, National Pharmacy Network to Provide Health and Wellness Services in Store On February 15, 2024. Hydreight Founder and CEO, Shane Madden, Joins Founding Member Board of the American IV Association On January 16, 2024. Hydreight to Participate in the Maxim Group Healthcare IT Conference January 24 – 25, 2024 On January 8, 2024. Hydreight Provides Year-End Review on Significant Growth and Progress The Company believes the following Non-GAAP1 financial measures provide meaningful insight to aid in the understanding of the Company's performance and may assist in the evaluation of the Company's business relative to that of its peers: Three months ended December 31, Twelve months ended December 31, 2024 2023 % change 2024 2023 % change Adjusted Revenue $ 5,742,523 $ 4,992,195 15 % $ 22,321,265 $ 17,050,345 31 % Deduct - deferred business partner contract revenue 208,436 209,275 (45,317 ) 379,377 Deduct - business partner payouts on app service gross revenue 1,493,509 1,409,727 6,321,866 5,161,472 GAAP Revenue $ 4,040,578 $ 3,373,193 20 % $ 16,044,716 $ 11,509,496 39 % Adjusted Gross Margin $ 1,679,247 $ 1,779,249 -6 % $ 5,749,796 $ 5,340,827 8 % Deduct - deferred business partner contract revenue 208,436 209,275 (45,317 ) 379,377 Deduct - inventory impairment 98,860 - 98,860 - GAAP Gross Margin $ 1,371,951 $ 1,569,974 -13 % $ 5,696,253 $ 4,961,450 15 % Adjusted EBITDA $ 270,179 $ (579,473 ) 147 % $ 489,704 $ (1,384,253 ) 135 % Deduct - amortization and depreciation 62,853 68,661 181,136 108,389 Deduct - share-based payments 87,889 250,427 614,877 444,709 Deduct - inventory impairment 98,860 - 98,860 - GAAP Net Income (Loss) $ 20,577 $ (898,561 ) 102 % $ (405,169 ) $ (1,937,351 ) 79 % 1Refer to Use of Non-GAAP Financial Measures Hydreight has expanded each division according to the revenue generation and needs of each specific division; scaling while the division's initiatives are performing successfully. Hydreight Continues Strong Growth Trajectory in 2024 Hydreight has delivered eight consecutive quarters of revenue growth, underscoring the platform's scalability and market demand. In fiscal 2024, the Company reported: GAAP revenue of $16.04 million, up from $11.51 million in 2023 Adjusted Revenue¹ of $22.32 million Adjusted EBITDA¹ of $270K, a meaningful turnaround from negative $1.38 million in 2023 Adjusted Gross Margin¹ of $5.75 million, demonstrating improved unit economics and margin leverage Hydreight's network now spans over 3,000 nurses, 200+ physicians, and a compliant infrastructure operating across all 50 states and 700+ cities. The Company's VSDHOne platform powers 400+ Direct to Consumers license holders, serving as a critical launchpad for high-growth consumer health businesses entering the telehealth and at-home care space. While continuing to invest in product expansion and onboarding, the Company has kept core operating expenses in check. Excluding one-time items such as the RTO-related costs in Q4 2022, net and comprehensive loss has remained stable—a testament to prudent financial management amid high growth. Hydreight is uniquely positioned at the intersection of consumerization, telehealth, and compliance—a combination that supports both continued topline growth and margin expansion in the years ahead. Strategic Focus for 2025 Building on our strong momentum, Hydreight is executing a focused 2025 strategy centered around six high-impact growth priorities: Expand Franchise White-Label Partnerships: We are rapidly scaling our footprint by partnering with high-volume, consumer-facing health and wellness brands. These collaborations leverage our compliant, 50-state infrastructure and turnkey platform to power new digital health products—from weight loss to sexual wellness—under leading D2C brands. Increase Pharmacy Margins: By optimizing our supply chain and improving unit economics across prescription volumes, we are enhancing gross margin contributions from one of our most scalable revenue drivers. Strategic pricing, operational efficiency, and exclusive formulary additions will support margin expansion in 2025. Launch New Wellness Categories: We're extending our clinical offering beyond GLP-1s to include NAD+, testosterone replacement therapy (TRT), peptide therapies, and additional personalized wellness treatments. These categories tap into surging consumer demand for longevity, performance, and preventative care solutions. Scale VSDHOne D2C Onboarding: With over 400 licenses already sold on the platform, we're accelerating the onboarding of high-growth D2C healthcare companies Onboard and Support More Nurses Nationwide:We are deepening our provider network by attracting, onboarding, and supporting thousands of licensed nurses through training, education, and platform tools—enabling them to operate independently or plug into branded service lines on the platform. Pursue Strategic Tuck-In Acquisitions:Hydreight is actively pursuing accretive acquisitions of complementary D2C health brands, IP, and clinical infrastructure that can scale faster through our platform. The focus is on revenue-generating businesses that improve our product mix, enhance margins, and add operating leverage. ️Upcoming Earnings Call Hydreight Technologies will host a live earnings call to discuss its Fiscal Year 2024 results, provide a business update, and share insights into the Company's strategic priorities for 2025. Date & Time: Tuesday, May 6 at 10am PST / 1pm EST Registration Link: About Hydreight Technologies Inc. Hydreight Technologies Inc is building one of the largest mobile clinic networks in the United States. Its proprietary, fully integrated platform has hosted a network of over 3000 nurses, over 200 doctors and a pharmacy network through its Doctor networks across 50 states. The platform includes a built-in, easy-to-use suite of fully integrated tools for accounting, documentation, sales, inventory, booking, and managing patient data, which enables licensed healthcare professionals to provide services directly to patients at home, office or hotel. Hydreight is bridging the gap between provider compliance and patient convenience, empowering nurses, med spa technicians, and other licensed healthcare professionals. The Hydreight platform allows healthcare professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. Hydreight has a 503B pharmacy network servicing all 50 states and is closely affiliated with a U.S. certified e-script and telemedicine provider network. On behalf of the Board of DirectorsShane MaddenDirector and Chief Executive OfficerHydreight Technologies Inc. Contact ContactEmail: ir@ Telephone: 1 (702) 970-8112 This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. About VSDHOne - Direct to Consumer PlatformDeveloped in partnership with Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FWB: 6F6), Hydreight Technologies launched the VSDHOne (Read as VSDH-One) platform. VSDHOne simplifies the entry challenges for companies and medi-spa businesses to enter the online healthcare space compliantly. This platform will help all businesses to launch a direct-to-consumer healthcare brand in a matter of days in all 50 states. Compliant offerings include: GLP-1s, peptides, personalized healthcare treatments, sermorelin, testosterone replacement therapy ('TRT'), hair loss, skincare, sexual health and more. Hydreight invested in technology, legal and infrastructure to launch this platform. The VSDHOne platform offers a complete, end-to-end solution for businesses looking to launch direct-to-consumer healthcare brands. From compliance and telemedicine technology to nationwide doctor and pharmacy networks, VSDHOne provides all the tools needed for a seamless entry into the online healthcare space. The platform is designed to significantly reduce the time and costs associated with launching such services, making it possible for businesses to go live in days instead of months. Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. Use of Non-GAAP Financial Measures: This release contains references to non-GAAP financial measures Adjusted Revenue, Adjusted Gross Margin and Adjusted EBITDA. The Company defines Adjusted Revenue as gross cash income before adjustment for the deferred portion of business partner contract revenue and gross receipts from Hydreight App service sales. The Company defines Adjusted Gross Margin as GAAP gross margin plus inventory impairment plus the deferred portion of business partner contract revenue. The Company defines Adjusted EBITDA as net income (loss) before interest, taxes, depreciation and amortization and before (i) transaction, restructuring, and integration costs and share-based payments expense, and (iii) gains/losses that are not reflective of ongoing operating performance. The Company believes that the measures provide information useful to its shareholders and investors in understanding the Company's operating cash flow growth, user growth, and cash generating potential and may assist in the evaluation of the Company's business relative to that of its peers more accurately than GAAP financial measures alone. This data is furnished to provide additional information and does not have any standardized meaning prescribed by GAAP. Accordingly, it should not be considered in isolation or as a substitute for measures of performance prepared in accordance with GAAP and is not necessarily indicative of other metrics presented in accordance with GAAP. Neither TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent U.S. registration or an applicable exemption from U.S. registration requirements. Cautionary Note Regarding Forward-Looking Information This press release contains statements which constitute 'forward-looking information' within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance. Forward-looking information is often identified by the words 'may', 'would', 'could', 'should', 'will', 'intend', 'plan', 'anticipate', 'believe', 'estimate', 'expect' or similar expressions and includes information regarding expectations for the Company's growth, Margins and VSDHOne's growth and numbers in 2025. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the ability to obtain requisite regulatory and other approvals with respect to the business operated by the Company and/or the potential impact of the listing of the Company's shares on the TSXV on relationships, including with regulatory bodies, employees, suppliers, customers and competitors; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; compliance with extensive government regulation; and the diversion of management time as a result of being a publicly listed entity. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law. 1See Use of Non-GAAP Financial MeasuresSign in to access your portfolio
