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Well Health Technologies Corp. (TSX:WELL) reported its first quarter earnings this week. It was a strong result, mixed with a strong outlook that recently sent Well Health Technologies stock higher. In fact, it has rallied 11% in the last two days.
This might have some of you questioning whether it’s still a good time to buy. Let’s look into this.
Well Health reports record results once again
Simply put, the quarter was the 21st consecutive quarter of record-breaking results. Revenue increased 36.7% to $231 million, with organic growth of 13.5%, as patient visits soared 34% versus last year. This was accompanied by a 6.1% increase in adjusted EBITDA to $28.3 million. Finally, adjusted EPS came in at $0.08 versus $0.06 last year, and versus consensus expectations that were calling for EPS of negative $0.04.
Yet again, Well Health is blowing past expectations and records. This…
