From GlobeNewswire: 2025-03-27 18:29:00

VitalHub Corp. announced strong full year results with ARR up 59% YoY to $71.1 million, total revenue up 51% YoY to $20.6 million, and adjusted EBITDA up 27% YoY to $5.0 million. The company sees sustained growth opportunities with record-breaking net new organic ARR in Q4. VitalHub closed four acquisitions in 2024, adding $17.9 million in ARR. The company has a pro forma cash balance of approximately $90 million and is prepared to deploy capital for M&A. Quarterly investor conference call will take place on March 28, 2025 at 9:00AM EST.

In Q4 2024, ARR was $71.1 million, up 33% from Q3 2024, with revenue of $20.6 million, a 51% increase from the prior year. Net income before taxes was $173,000, a decrease of 91% YoY. Full year 2024 highlights show ARR at $71.1 million, a 59% increase from 2023, with revenue of $68.6 million, a 31% increase from the prior year. Gross profit was 81% of revenue. EBITDA for the year was $9.95 million, with adjusted EBITDA at $17.8 million. Cash on hand was $56.5 million at the end of 2024.

VitalHub is a leading software company with a comprehensive product suite serving over 1,000 clients globally. The company has a two-pronged growth strategy and is headquartered in Toronto. For more information, visit www.vitalhub.com. Contact Christian Sgro, Head of IR, at [email protected] or Dan Matlow, CEO, at [email protected].



Read more at GlobeNewswire: VitalHub Reports Fourth Quarter and Annual 2024 Results