1 day ago
Staff
Toronto, Ontario–(Newsfile Corp. – April 16, 2021) – LevelJump Healthcare Corp. (TSXV: JUMP) (“LevelJump” or the “Company”), a Canadian leader in B2B telehealth solutions, is pleased to announce today its reported financial results for the year ended December 31, 2020. All amounts are expressed in Canadian dollars.
Financial and Operational Highlights
Leveljump recorded its second consecutive year of positive EBITDA while maintaining positive cash flow;
Adjusted EBITDA was $0.3 million or 5.3% of revenue for the year ended December 31, 2020 compared to $0.4 million or 7.2% of revenue in the prior year;
The improvement in quarterly revenue seen during the year continued in the 4
th quarter. Revenue for the three months ended December 31, 2020 was $1.48 million similar to $1.51 million for the three months ended September 30, 2020, an improvement from the first two quarters which were $1.17 million for the three months ended June 30, 2020, and $1.28 million for the three months ended March 31, 2020;