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Hydreight Technologies Inc is pleased to announce that it has filed its audited financial statements for the 2024 fiscal...
05/01/2025

Hydreight Technologies Inc is pleased to announce that it has filed its audited financial statements for the 2024 fiscal year ended December 31, 2024.

-Record 2024 Topline¹ revenue of $22.32 million, up 31% from 2023
-Record 2024 GAAP revenue of $16.04 million, up 39% from 2023
-2024 Adjusted EBITDA¹ of +490K compared to ($1.38) million in 2023
-2024 gross margin of $5.75 million, up from 8% from 2023
-Q4 2024 Topline¹ revenue of $5.74 million, up 15% from Q4 2023
-Q4 2024 GAAP revenue of $4.04 million, a 20% increase over Q4 2023
-Q4 2024 gross margin of $1.37 million, compared to 1.57 million in Q4 2023
-Met profitability milestone by achieving positive cash flow from operations in 2024 Audited Results

At the beginning of last year, we committed to three things: delivering meaningful growth, reaching profitability, and increasing our visibility in the capital markets. I'm proud to say we've delivered on all three. With record revenue, positive Adjusted EBITDA, and recognition from Deloitte, the TSX Venture 50, we’ve laid a strong foundation. Now, our focus for 2025 is scaling VSDHOne. We’ve onboarded several high-volume D2C partners, 40+ services and medications, and expect a significant ramp-up in orders beginning in the second half of this year. With franchise white-label and pharmacy growth continuing as our core drivers, this next wave of expansion is what sets us up for our next inflection point.”
— Shane Madden, CEO, Hydreight Technologies Inc.

Full release: https://www.globenewswire.com/news-release/2025/05/01/3072045/0/en/Hydreight-Achieves-Record-Revenue-and-Profitability-Milestone-in-Q4-2024-Audited-Results.html

Hydreight Technologies Inc has been named to the Financial Times list of The Americas’ Fastest Growing Companies 2025. T...
04/02/2025

Hydreight Technologies Inc has been named to the Financial Times list of The Americas’ Fastest Growing Companies 2025. This prestigious award is presented by the Financial Times and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on April 2nd, 2025, and can be viewed on the FT.com website.

The Americas’ Fastest Growing Companies 2025 ranking identifies companies with the strongest revenue growth between the years 2020 and 2023. The creation of the ranking was based on the following criteria:

• Revenue of at least US $100,000 generated in 2020
• Revenue of at least US $1.5M generated in 2023
• The company is independent (the company is not a subsidiary or branch office of any kind)
• The company is headquartered in one of 20 American countries
• Revenue growth was primarily organic between 2020 and 2023

“Being recognized by the Financial Times as one of the fastest-growing companies in the Americas is a tremendous honor and a reflection of the incredible work our team has done over the past few years,” said Shane Madden, CEO of Hydreight Technologies Inc. “This achievement reinforces the strength of our business model, the growing demand for direct-to-consumer healthcare, and our commitment to making healthcare more accessible, scalable, and patient-centered across the U.S.”

Full release: https://www.globenewswire.com/news-release/2025/04/02/3054296/0/en/Hydreight-Technologies-Named-One-of-the-Americas-Fastest-Growing-Companies-by-Financial-Times.html

🎄✨ Happy Holidays from the Hydreight® Family! ✨🎄As the year comes to a close, we want to take a moment to thank you for ...
12/26/2024

🎄✨ Happy Holidays from the Hydreight® Family! ✨🎄

As the year comes to a close, we want to take a moment to thank you for being an incredible part of our journey. Your dedication and support mean the world to us! 💙

We wish you and your loved ones a joyful holiday season filled with love, laughter, and relaxation. Here’s to a bright and successful 2025 ahead! 🎉

Stay safe, stay hydrated, and enjoy the festivities! 🥂💧

With gratitude,
The Hydreight® Team

Happy Thanksgiving from all of us at Hydreight! 🍂🦃This Thanksgiving, we're filled with gratitude for our incredible comm...
11/28/2024

Happy Thanksgiving from all of us at Hydreight! 🍂🦃

This Thanksgiving, we're filled with gratitude for our incredible community—our clients, partners, investors and team members who make everything we do possible.💙

Thank you for trusting us to bring care and wellness directly to your doorstep. We’re honored to support your health journey and look forward to continuing to serve you.

Wishing you and your loved ones a day filled with love, laughter, and gratitude.🧡

Hydreight Reports Record Topline¹ Revenue of $6.12M in Q3-2024 (YOY Increase of 54%) and achieved positive Adjusted EBIT...
11/27/2024

Hydreight Reports Record Topline¹ Revenue of $6.12M in Q3-2024 (YOY Increase of 54%) and achieved positive Adjusted EBITDA¹

“We had another outstanding quarter with record revenue and positive Adjusted EBITDA...We are very excited with our VSDHOne release and onboarding clients to increase our growth pace” - Shane Madden, CEO of Hydreight

Summary of Q3, 2024 Financial Highlights:
-Q3, 2024 GAAP revenue was $4.53 million an increase of 47% compared to Q3, 2023.
-Q3 2024 Topline¹ record revenue of $6.12 million, an increase of 54% compared to Q3, 2023.
-Q3, 2024 Adjusted EBITDA¹ was $48K compared to ($265K) in the comparative quarter.
-Q3, 2024 gross margin of $1.53 million compared to $1.27 million in Q3, 2023.
-The company has never raised or borrowed any additional capital since the original going public transaction in December 2022.
-The Company’s cash position at September 30, 2024 is $1.21 million.
-The first 9 months of 2024 GAAP revenue was $12.00 million, an increase of 48% compared to the first 9 months of 2023.
-The first 9 months of 2024 Topline¹ revenue was $16.58 million, an increase of 37% compared to the first 9 months of 2023.
-Hydreight Ranked Number 56 Fastest-Growing Company in North America on the 2024 Deloitte Technology Fast 500™ and 9th in Deloitte’s Technology Fast 50 Program Winners in Canada for 2024
-In partnership with two other companies, Hydreight launched VSDHOne, a telemedicine and e-Commerce solution, that helps companies launch a direct to consumer (“DTC”) healthcare brand in all 50 States.
-Within the first 90 days, VSDHOne sold over 200 licenses across 50 States.
-Announced a normal course issuer bid on August 28, 2024, covering the period from Oct 4, 2024, to October 3, 2025.
-Signed a partnership with a company that works with US Government agencies for service and healthcare contracts.

Please find our news release: https://www.globenewswire.com/news-release/2024/11/26/2987889/0/en/Hydreight-Reports-Record-Topline-Revenue-of-6-12M-in-Q3-2024-YOY-Increase-of-54-and-achieved-positive-Adjusted-EBITDA.html

Hydreight Technologies Inc is honored to be recognized as a 2024 Deloitte Technology Fast 500 Winner! Hydreight ranked 5...
11/21/2024

Hydreight Technologies Inc is honored to be recognized as a 2024 Deloitte Technology Fast 500 Winner!

Hydreight ranked 56th on an impressive list of the most innovative, fastest growing public and private companies in North America.

Thank you, Deloitte , for the recognition! To our amazing team, investors, partners and users - thank you for being on this journey with us. We couldn't have done it without your support.

It was an honor to attend the Deloitte Technology Fast 50 program summit and awards ceremony last week in Toronto, to ce...
11/13/2024

It was an honor to attend the Deloitte Technology Fast 50 program summit and awards ceremony last week in Toronto, to celebrate this year's Technology Fast 50 program winners. 🎉

We are beyond thankful for this incredible achievement, from being a company to watch last year to making the top 10, it is truly amazing. Many thanks to all our partners, investors, customers and the entire team at for the continued support over the years! We look forward to accelerating our growth and achieving our vision of being the largest mobile clinical network in the United States. 🌟

🏆  Deloitte Technology Fast 50 Awards 🏆 Hydreight Technologies ranks 9th on the Deloitte Canada Technology Fast 50 list ...
11/06/2024

🏆 Deloitte Technology Fast 50 Awards 🏆

Hydreight Technologies ranks 9th on the Deloitte Canada Technology Fast 50 list for 2024! 🥂

Hydreight Technologies has grown over 2443% in revenue over the last 4 years from 2020 to 2023, standing out for its rapid expansion, strong entrepreneurial vision, and pioneering mobile healthcare solutions.

Thank you to Deloitte Fast 50 for this incredible recognition. Here's to many more milestones ahead! 🚀

🚀 Exciting News! VSDHOne Expands to Offer Asynchronous Telehealth Treatments Including Skincare, Hair Loss, and Sexual H...
10/25/2024

🚀 Exciting News! VSDHOne Expands to Offer Asynchronous Telehealth Treatments Including Skincare, Hair Loss, and Sexual Health

We are thrilled to announce VSDHOne, launched in Q2 2024 in partnership with Victory Square Technologies (CSE: VST) (OTC: VSQTF) (FWB: 6F6) subsidiary VS Digital Health, initially focused on Synchronous Telehealth treatments, including GLP-1 and Testosterone Replacement Therapy. Now, with the addition of fully compliant Asynchronous services, the platform is expanding its capabilities to provide greater convenience to consumers by eliminating the need for live consultations in select treatments.

“We’re thrilled to introduce Asynchronous telehealth features to VSDHOne,” said Shane Madden, CEO of Hydreight Technologies. “These new features will significantly enhance the consumer experience by making it easier to access specific medications without scheduling a consultation. This development is not only making a better experience for patient convenience but also a major revenue driver for both us and our partners.”

🔗 Learn more:
https://www.globenewswire.com/en/news-release/2024/10/24/2968559/0/en/VSDHOne-Expands-to-Offer-Asynchronous-Telehealth-Treatments-Including-Skincare-Hair-Loss-and-Sexual-Health.html

TSXV: NURS, OTCQB: HYDTF, FSE: SO6

💥Exciting News From Hydreight!💥We're thrilled to share our latest corporate update reflecting significant growth at Hydr...
10/25/2024

💥Exciting News From Hydreight!💥

We're thrilled to share our latest corporate update reflecting significant growth at Hydreight Technologies Inc.🌟

🔵Hydreight reported record Topline¹ Revenue of $10.46M in the first 6 months of 2024.
🔵Q2, 2024 GAAP revenue was $4.10 million an increase of 52% compared to Q2, 2023.
🔵Q2, 2024 Adjusted EBITDA¹ was $218K compared to ($456K) in the comparative quarter.
🔵In partnership with two other companies, Hydreight launched Telemedicine and e-Commerce Solution that helps companies launch a Direct to Consumers Healthcare brand In All 50 States.
🔵Within the first 90 days, VSDHOne sold over 200 licenses across 50 States.
🔵Announced Normal Course Issuer Bid on August 28, 2024.
🔵Signed a partnership with a company that works with US Government agencies for service and healthcare contracts
🔵Secured national medical spa partners with collectively almost 700 locations sold and 186 opened across the United States.

Shane Madden, CEO of commented, “I am pleased and proud of our team with the significant growth the Company has been able to achieve. Our investment in our technology and infrastructure in 2023 helped us to become the mobile medicine solutions for nurses, bricks and mortar and D2C businesses. We are very excited for our “VSDHONE” products expansion and cashflow in the next 12 months. We continue pushing for growth, profitability and capital market exposure.”

Read our news release:

https://www.globenewswire.com/de/news-release/2024/10/16/2963902/0/en/Hydreight-Provides-Corporate-Update-Reflecting-Significant-Growth.html

TSXV: NURS, OTCQB: HYDTF, FSE: SO6

10/02/2024

Take control of your career with Hydreight! 🚀 Imagine the freedom to manage your schedule, provide care on your terms, and build a thriving practice—without the typical limitations. With cutting-edge tools at your fingertips, delivering on-demand healthcare has never been easier or more efficient. 💼💉
Empower your journey with flexibility, redefine what it means to be a modern healthcare professional, and make a real impact in people’s lives. 🌿💪
Hydreight offers the freedom to chart your path in mobile healthcare—join us and unlock a future full of innovation and possibilities! ✨


$NURS​

09/20/2024

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