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Hydreight Technologies Inc HYDTF


Primary Symbol: V.NURS

Healthcare Medical Devices
Hydreight Technologies Inc. is a Canada-based company, which is engaged in providing health & wellness services. Its proprietary, fully integrated platform hosts a network of over 2500 nurses, over 100 doctors, and a pharmacy network across 50 states. The platform includes a built-in, 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. The platform allows healthcare professionals to deliver services independently, on their own terms, or to add mobile services to existing location-based operations. The Company has a 503B pharmacy network and is affiliated with a U.S. certified e-script and telemedicine provider network. The Company's subsidiaries include Hydreight Canada Holdings Inc., IV Hydreight Inc., and Healthcare Prosoft, LLC.


TSXV:NURS - Post by User

Hydreight Technologies Inc
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Post by Investorbennyon Jan 18, 2024 5:22pm
151 Views
Post# 35834753

Uber For Nurses !!!!

Uber For Nurses !!!!
Hydreight is building the largest mobile clinical network across the United States. Only platform active across 50 states and over 650 cities, allowing nurses to provide at home services legally and in compliance with healthcare regulation. 
  • Platform enables flexible home healthcare, mobilizing healthcare professionals nationwide – Uber for nurses (~2,900 nurses already on the platform and growing)
  • The home healthcare market is projected to reach $340B USD by 2027 in the US alone. 
  • Received "Companies to Watch" award as part of the 2023 Deloitte Technology Fast 50™ program.
  • Q3 topline revenue of C$3.97M,  41% gross margin;  Eighth consecutive quarter of meaningful revenue growth
  • On track for $16M CAD in topline revenue in 2023 and cash flow positive on a cash basis 
  • Revenue buckets: high-margin annual subscription/nurse, fee for service provided, and markup on pharmacy order
  • Recently added GLP-1 (Semaglutide) to product offering. Other products include IV Drips, NAD+, weight loss, aesthetics & fillers, Lab tests etc. 
Q3 2023 Financial Results: https://www.globenewswire.com/news-release/2023/11/21/2783663/0/en/Hydreight-Reports-Record-Revenue-in-Q3-2023.html
 
Year End Recap: https://www.globenewswire.com/en/news-release/2024/01/08/2805244/0/en/Hydreight-Provides-Year-End-Review-on-Significant-Growth-and-Progress.html
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