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Hydreight Technologies Inc. is a leading mobile clinical network and medical platform facilitating at-home medical services across 50 states in the United States. The company boasts over 3,000 nurses and 107 white-label locations that offer access to Tirzepatide for treating type 2 diabetes mellitus and obesity. Semaglutide orders have surged significantly, indicating a growing demand. Hydreight is at the forefront of addressing the global obesity epidemic, with projections pointing towards substantial market growth in the anti-obesity medications sector. The company's CEO, Shane Madden, envisions a promising future for chronic weight management, offering a wide range of potential health benefits. Furthermore, a recent partnership with Fairfax Partners Inc. is set to enhance the company's social media presence and marketing strategies.
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Hydreight Technologies Inc. (TSXV: NURS) (OTCQB: HYDTF) (FSE: SO6) received a Companies-to-Watch award as part of the 2023 Deloitte Technology Fast 50™ program. The award recognizes emerging companies based on their revenue growth percentage, highlighting Hydreight's significant organic revenue growth of 250% YoY. The company is building the largest mobile clinical network across the United States, allowing nurses to provide at-home services in over 650 cities across 50 states.
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Hydreight Technologies launches NAD+ as part of its patient service offering on its healthcare technology platform.
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Hydreight Technologies Inc. provides corporate update with significant organic growth and strong revenue growth.
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Hydreight Technologies Inc. reports a 130% increase in total top-line non-GAAP Adjusted Revenue of C$4,416,103 for Q2 2023 compared to Q2 2022. Total revenue also increased by 225% to C$2,699,668. The company's performance for the second quarter of 2023 has seen significant growth across all revenue streams. Hydreight is positioned for growth with its telehealth platform and infrastructure. However, the company recognized a net loss of C$471,890 and C$594,194 for the three and six months ended June 30, 2023, respectively. Significant expenditures were made in professional, legal, and technical consulting fees to position the company in the healthcare industry.
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Hydreight expands its doctor network to over 100 physicians across all 50 US states, leading to increased booking requests and support for white-label clients. The platform offers individualized healthcare offerings and services like NAD and Semaglutide, which are in high demand. The expansion aligns with the company's growth initiatives.
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Hydreight Technologies Inc. is partnering with VS Digital Health Inc. to launch a new website booking system and marketplace called 'MobileMedIV.com'. The platform aims to provide customers with a streamlined approach to inquire about and book at-home healthcare services.
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Hydreight Technologies Inc., a fast-growing telehealth platform, achieved record top-line adjusted revenue of $8,425,719 in YE 2022 and $4,167,670 in Q1 2023, representing a growth rate of 279% and 211% respectively. The company added 389 new business partners in H1 2023, an increase of over 61% compared to the same period last year. They also expanded their medical network with over 100 new doctor relationships and pharmaceutical partners. Hydreight's common shares began trading on the OTCQX Best Market in the USA under the symbol 'HYDTF'.
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FAQ
What is the current stock price of HYDREIGHT TECHNOLGIES (HYDTF)?
The current stock price of HYDREIGHT TECHNOLGIES (HYDTF) is $1.491 as of February 4, 2025.
What is the market cap of HYDREIGHT TECHNOLGIES (HYDTF)?
The market cap of HYDREIGHT TECHNOLGIES (HYDTF) is approximately 68.5M.
What services does Hydreight Technologies Inc. offer?
Hydreight Technologies Inc. provides a mobile clinical network and medical platform for at-home medical services across 50 states in the United States.
What medications are available through the Hydreight platform?
Tirzepatide, an FDA-approved medicine for type 2 diabetes mellitus and obesity, is accessible through the Hydreight platform. The company also offers Semaglutide for chronic weight management.
How has Hydreight Technologies Inc. performed in the current year?
The company has experienced significant growth with a surge in Semaglutide orders, indicating a rising demand for its services.
What is the market outlook for anti-obesity medications?
The global market for anti-obesity medications is projected to grow substantially by 2030, offering vast opportunities for companies like Hydreight.
Who is Shane Madden, and what is his role at Hydreight Technologies Inc.?
Shane Madden is the Director and Chief Executive Officer of Hydreight Technologies Inc., leading the company towards continued success and growth.
What recent partnership has Hydreight Technologies Inc. entered into?
The company has partnered with Fairfax Partners Inc. for social media communication and marketing support, aiming to boost its online presence and outreach.
How many nurses and white-label locations does Hydreight Technologies Inc. operate with?
Hydreight Technologies Inc. has over 3,000 nurses and 107 white-label locations, providing extensive coverage for its medical services.
What is the focus of Hydreight Technologies Inc. for 2024?
The company's primary focus for 2024 is to sustain revenue growth, achieve profitability, and expand its shareholder base.
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