Canada's Healwell AI Q1 revenue jumps 316% on Orion Health acquisition

Healwell Al

07/05/2026 21:12

Overview

Canada healthcare AI firm's Q1 revenue rose 316% yr/yr, driven by Orion Health acquisition

Company posted positive adjusted EBITDA after prior-year loss, reflecting improved segment performance

Company secured major Middle East AI contract and multi-million dollar U.S. health data deal

Outlook

Company expects continued growth in higher-margin AI and healthcare software revenue streams

Healwell aims to achieve sustained positive cash flow as operational efficiencies improve

Company plans North American launch of Amadeus AI in H1 2026, with international expansion later

Result Drivers

ORION HEALTH ACQUISITION - Co said revenue and adjusted EBITDA growth were largely driven by the acquisition and integration of Orion Health

AI DIVISION GROWTH - Co cited organic growth in its AI division as a key contributor to revenue gains

NEW CONTRACTS AND EXPANSION - Co highlighted securing its first AI contract in the Middle East and a multi-million dollar U.S. Health Information Exchange contract as expanding its international footprint and enterprise adoption

Company press release: ID:nNFC6Cg3z2

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
C$33.21 mln
Q1 Net Income
-C$6.85 mln
Q1 Gross Profit
C$19.50 mln
Q1 Income From Operations
-C$5.81 mln
Q1 Net Income Cont Ops
-C$6.85 mln
Q1 Operating Expenses
C$25.31 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the advanced medical equipment & technology peer group is "buy"

Wall Street's median 12-month price target for Healwell Al Inc is C$2.50, about 157.7% above its May 6 closing price of C$0.97

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)