Mr. Mitchell Geisler reports
LEVELJUMP HEALTHCARE CORP. REPORTS THIRD QUARTER 2023 RESULTS
Leveljump Healthcare Corp. has released financial results for the third fiscal quarter ended Sept. 30, 2023.
Financial and Operational Highlights
- Revenues from operations were $2,856,044 for the third quarter, an increase of 31% from the prior year.
- Gross profits from operations were $739,479 for the third quarter, an increase of 14% from the prior year.
"Despite a challenging market and economic landscape, we progressed on our organic growth and our acquisition plan as well as expanded our teleradiology services to Saskatchewan, solidifying JUMP as a national provider," said Mitch Geisler, CEO. "Looking ahead, our immediate priority is to sustain revenue growth by leveraging both our recently acquired and established Diagnostic Centers while consistently delivering value to our shareholders."
Adjusted EBITDA & Annual Revenue Run Rate
Management believes adjusted EBITDA is a useful supplemental measure to determine the Company's ability to generate cash available for working capital, capital expenditures, debt repayments, interest expense and income taxes.
EBITDA refers to net income (loss) determined in accordance with IFRS, before depreciation and amortization, net interest expense (income), income tax expense (recovery) and extraordinary items. The Company defines adjusted EBITDA as EBITDA, plus stock-based compensation expense, restructuring, fair value adjustments, listing expense and transaction costs, impairment, and finance income.
A reconciliation of adjusted EBITDA to net income (loss) is as follows.
About Leveljump Healthcare
Leveljump Healthcare Corp., (TSXV: JUMP) provides telehealth solutions to client hospitals and imaging centers through its Teleradiology division, as well as in person radiology services through its IHF's (Independent Healthcare Facilities). JUMP focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities we serve.
We seek Safe Harbor.
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