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TORONTO, ONTARIO–(News File Corporation – May 30, 2023) – Correct Health Ltd. (CSE: VTAL ) (OTCQB: SCRSF ) (formerly ScreenPro Security Inc.) (“Justera” or the “Company”) is pleased to announce the first quarter (“Q1 2023“) financial results for the company. The company presented financial statements (“F.S“) and management discussion and analysis (“MD&Afor a three-month period ending March 31, 2023 on SEDAR (“Q1 2023“)
Financial Highlights:
The company announced that it had revenue of $920,825 and a net loss of $915,423 for the three months ended March 31, 2023. The company also reported total assets of $4,716,541, EBITDA of $788,488 and adjusted EBITDA of $719,622.
Financial Results and Management’s Discussion and Analysis for the Three Months Ending March 31, 2023 (“MD&A“) are available for review on SEDAR.
Please see the full Q1 2023 filing, which can be found under Justera Health’s profile at www.sedar.com.
Financial summary
The following table summarizes earnings, net loss, EBITDA* and adjusted EBITDA*.
All data are in Canadian dollars unless otherwise noted.
|
March 31, 2023 |
March 31, 2022 |
|
|
Total income |
920,825 dollars |
4,688,551 dollars |
|
Net loss |
($915,423) |
($333,826) |
|
Net Income/(Loss) Per Share – Basic |
(0.01) |
(0.01) |
|
Depreciation and depreciation |
126,975 dollars |
406,021 dollars |
|
EBITDA* |
($788,448) |
($72,192) |
|
Adjusted EBITDA* |
($719,622) |
72,192 dollars |
Recent developments and outlook
The company recently announced that it has completed a name change to Justera Health Ltd. This name change reflects the company’s changing direction. With this strategic rebranding, the company will solidify its transition from focusing primarily on Covid-19 to expanding its presence by refining solutions and its commitment to grow into the health and wellness space.
The rest of the year’s focus will be on expanding further into the health and wellness industry, which includes the company preparing to open two new brick-and-mortar retail stores in British Columbia this year.
By entering physical retail stores and pharmacies, the company aims to further increase its revenue and profitability and strengthen its strong presence in the Canadian health and wellness market. This strategic move demonstrates the company’s commitment to transition from Covid-19 and embrace a growth-oriented strategy that will revitalize the organization.
The company anticipates that expanding further into the health and wellness industry and opening retail stores will play a vital role in its transformation and success. These milestones in the pipeline are set to shape the future of the company.
“We are focused on revenue generation and have some growth coming up. Not just expanding into the health and wellness industry and into brick-and-mortar retail locations, diversifying our offerings and increasing our reach for Naturevan to our customers. It also provides a personalized shopping experience. Our goal is to provide our customers with Creating a strong and lasting relationship with, high level of service and offering a wide range of health and wellness products and services is expected to improve the company’s revenue, said the company’s CEO and Chairman, Alex McKay.
About Justera Health Ltd.
Founded in 2020, Justera Health Ltd. It is a health and wellness management company that provides professional health and medical solutions to Canadians. Focusing on ancillary medical services, Justera Health offers personalized healthcare services such as IV vitamin therapy, personal home care, nursing care, on-call urgent care, nutrition and health screening services such as Covid-19 testing. Our team of board-certified physicians and healthcare professionals bring years of expertise to provide knowledgeable and trusted solutions to improve patients’ overall health outcomes.
For more information about Jestera Health and other corporate information, please visit the company’s website at https://www.justerahealth.com/.
For more information about the company, please see the company’s profile on SEDAR www.sedar.com.
Neither the Canadian Securities Exchange (“CSE”) nor its Regulation Service Provider (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this release.
For more information:
Investor relations and communication
Communications Director Priya Monique Atwal
Phone: (416) 901-5611 x 204
Email: priya@justerahealth.com
Alex McKay, CEO and Chairman
Phone: (416) 989-1067
Email: amackay@justerahealth.com
Forward-looking statements:
Certain statements contained in this news release may constitute forward-looking information, including statements regarding the future development of Justera’s business. Forward-looking information is often, but not always, identified by the use of words such as “expect”, “plan”, “estimate”, “expect”, “may”, “will”, “expect”, “should”. And similar statements. Forward-looking information involves known and unknown risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated in the forward-looking information. Justera’s actual results may differ materially from regulatory decisions anticipated in this forward-looking information, competitive factors in the industries in which Justera operates, economic conditions, changes in Justera’s strategic growth plans and other factors. Some of these are outside of Justra’s control. Justera’s management believes that the expectations reflected in the forward-looking information herein are reasonable, but can make no assurance that these expectations will prove to be correct and that such forward-looking information should not be overly relied upon. Any forward-looking information contained in this news release represents Justera’s expectations as of this date and may change after that date. Justera disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.
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To view the source of this press release, please visit https://www.newsfilecorp.com/release/168045
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