Market MoversOn The Rise Shares of Well Health Technologies Corp. (WELL-T) were higher after announcing before the bell it expects to record positive earnings per share for the fourth quarter of 2023.
The Vancouver-based digital healthcare provider also predicted it will announce its 20th consecutive quarter of record quarterly revenue , “underpinned by record care metrics which includes record patient visits of over 1.22 million and almost 1.87 million Total Care Interactions in the quarter with both metrics representing 18 per cent sequential quarter-over-quarter growth.
“This quarter’s strong performance was driven by double-digit year-over-year organic growth as well as elevated inorganic growth in both US and Canadian patient visits,” it added in a press release. “On a year-over-year basis, overall patient visits grew by 30 per cent while Total Care Interactions grew by 38 per cent.”