Cyanotech Reports Financial Results for the Fourth Quarter and Fiscal Year 2025
KAILUA KONA, Hawaii--(BUSINESS WIRE)-- Cyanotech Corporation (OTCQB Market: CYAN), a world leader in microalgae-based, high-value nutrition and health dietary supplement products, announced financial results for the fourth quarter and fiscal year 2025, ended March 31, 2025.
Commenting on the fiscal year results (changes shown vs. fiscal 2024), Cyanotech's President and Chief Executive Officer, Matthew K. Custer, said:
'Fiscal 2025 was a year of meaningful progress for Cyanotech. Revenue grew 5%, gross margin improved by nearly 3 points and we reduced our operating loss by almost 45%.'
'Looking ahead, we remain cautious. Economic uncertainty, shifting demand and potential new tariffs could impact costs and global markets. We are focused on staying flexible, managing expenses and strengthening our customer relationships to navigate these challenges.'
'While I am proud of this year's progress, we know there is more to do. Our priority continues to be driving awareness of our naturally farmed microalgae from our farm in Kona, Hawaii.'
Fiscal Year 2025
Cyanotech reported net sales of $24,215,000 for fiscal 2025 compared to $23,071,000 in fiscal 2024, an increase of 5.0%. Gross profit was $6,876,000, with a gross profit margin of 28.4%, compared to gross profit of $5,945,000 and gross profit margin of 25.8%. The operating loss was $2,508,000 compared to an operating loss of $4,592,000.
Net loss was $3,203,000 or $0.45 loss per share, compared to net loss of $5,267,000 or $0.81 earnings per share.
Fourth Quarter Fiscal 2025
Cyanotech reported net sales of $6,300,000 for the fourth quarter of fiscal year 2025 compared to $5,970,000 in the fourth quarter of fiscal 2024, an increase of 5.5%. Gross profit was $1,742,000 with a gross profit margin of 27.7%, compared to gross profit of $675,000 and gross profit margin of 11.3% in the fourth quarter of fiscal 2024. Operating loss was $442,000 compared to operating loss of $1,903,000 in the fourth quarter of fiscal 2024. Net loss was $627,000, or $0.09 loss per share, compared to net loss of $2,081,000, or $0.30 loss per share in the fourth quarter of fiscal 2024.
Please review the Company's Form 10-K for the period ended March 31, 2025 for more detailed information.
— Cyanotech will host a broadcast at 8:00 PM ET on Monday, June 23, 2025, to respond to questions about its operating results and other topics of interest. Interested parties are asked to submit questions to questions@cyanotech.com before 12 p.m. ET on Monday, June 23, 2025. The Company will respond only to relevant questions relating to the Company's fourth quarter and fiscal 2025 financial performance and will not be accepting any questions or comments during the broadcast.
To join the broadcast, please browse http://cyanotech.com/meet approximately five minutes prior to the start time.
About Cyanotech — Cyanotech Corporation, a world leader in microalgae technology for more than 40 years, produces BioAstin ® Hawaiian Astaxanthin ® and Hawaiian Spirulina Pacifica ®. These all-natural, dietary ingredients and supplements leverage our experience and reputation for quality, building nutritional brands which promote health and well-being. The Company's mission is to fulfill the promise of whole health through Hawaiian microalgae. Cyanotech's BioAstin ® offers superior antioxidant activity which supports skin, eye and joint health, as well as recovery from exercise †. Cyanotech's Spirulina products offer nutrition that supports cardiovascular health and immunity †. All Cyanotech products are produced from microalgae grown at our 96-acre facility in Kona, Hawaii using patented and proprietary technology and are Generally Recognized as Safe ('GRAS') for use in food products. Cyanotech sells its products direct to consumers at retail locations in the United States and online at www.nutrex-hawaii.com and also distributes to dietary supplement, nutraceutical and cosmeceutical manufacturers and marketers. The Company is regulated by the Food and Drug Administration. Visit www.cyanotech.com for more information.
† These statements have not been evaluated by the Food and Drug Administration. This product is not intended to diagnose, treat, cure or prevent any disease.
Expand
'Safe Harbor ' Statement under the U.S. Private Securities Litigation Reform Act of 1995 Besides statements of present fact and historical fact, this press release may contain forward-looking statements. Forward-looking statements relate to the future and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. Our actual results may differ materially from those contemplated by forward-looking statements. We caution against relying on forward-looking statements. Important factors that could change actual, future results include: changes in sales levels to our largest customers, weather patterns in Hawaii, production problems, risks associated with new products, foreign exchange fluctuations, availability of financing, and our ability to continue as a going concern, as well as national and global political, economic, business, competitive, market and regulatory conditions. Other factors are more fully detailed in the Company's annual Form 10-K filings with the Securities and Exchange Commission.
Financial Tables Follow: The following tables do not contain footnotes or other information contained in the Company's Form 10-K for the fiscal year ended March 31, 2025, which can be found on the Cyanotech website (www.cyanotech.com) under Investors>Investor Filings upon filing. As such the following Financial Tables are provided only as a guide and other factors are more fully detailed in the Company's annual Form 10-K filings with the Securities and Exchange Commission.
March 31,
2025
2024
(in thousands, except
share data)
ASSETS
Current assets:
Cash
$
257
$
707
Accounts receivable, net of allowance for credit losses of $16 in 2025 and $11 in 2024
1,953
2,102
Inventories
7,788
7,313
Prepaid expenses and other current assets
547
469
Total current assets
10,545
10,591
Equipment and leasehold improvements, net
8,927
10,109
Operating lease right-of-use assets, net
3,902
4,284
Other assets
116
128
Total assets
$
23,490
$
25,112
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
2,217
$
1,439
Accrued expenses
715
757
Customer deposits
110
198
Operating lease obligations, current portion
555
530
Short term debt – bank
760
1,240
Line of credit – related party
3,000
1,250
Current maturities of long-term debt
2,886
3,140
Total current liabilities
10,243
8,554
Long-term debt – related party
1,000
1,000
Long-term operating lease obligations
3,363
3,744
Total liabilities
14,606
13,298
Commitments and contingencies
Stockholders' equity:
Preferred stock of $0.01 par value, 10,000,000 shares authorized; no shares issued and outstanding
—
—
Common stock of $0.02 par value, 50,000,000 shares authorized; 7,199,908 shares at March 31, 2025 and 6,947,246 shares at March 31, 2024 issued and outstanding
144
139
Additional paid-in capital
34,844
34,576
Accumulated deficit
(26,104
)
(22,901
)
Total stockholders' equity
8,884
11,814
Total liabilities and stockholders' equity
$
23,490
$
25,112
Expand
CYANOTECH CORPORATION
Fiscal years ended March 31,
2025
2024
(in thousands)
Net sales
$
24,215
$
23,071
Cost of sales
17,339
17,126
Gross profit
6,876
5,945
Operating expenses:
General and administrative
4,397
4,464
Sales and marketing
4,538
5,384
Research and development
449
689
Total operating expense
9,384
10,537
Loss from operations
(2,508
)
(4,592
)
Other income (expense):
Interest expense, net
(687
)
(668
)
Loss before income tax expense
(3,195
)
(5,260
)
Income tax expense
(8
)
(7
)
Net loss
$
(3,203
)
$
(5,267
)
Net loss per share:
Basic and diluted
$
(0.45
)
$
(0.81
)
Shares used in calculation of net loss per share:
Basic and diluted
7,071
6,531
Expand
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Crypto Daybook Americas: Bitcoin Shrugs Off Fed, Mideast War, but Derivatives Flash Caution
By James Van Straten (All times ET unless indicated otherwise)Bitcoin BTC remains stable around $105,000 after the Federal Reserve held interest rates steady, as expected. It hasn't traded below the psychological threshold of $100,000 since May 8, a full 42 days ago, even though the Israel-Iran conflict — now coming up for a week — would have been expected to weigh on risky investments, crypto among them. Alongside the interest-rate decision, the Fed also signaled slower economic growth, with GDP now expected to rise just 1.4% this year, down from 1.7%, and higher inflation. The much-watched dot plot showed policymakers see fewer rate cuts through 2027 than they did in March. What seems to be underpinning the largest cryptocurrency, and crypto markets in general, is the bitcoin treasury narrative. A notable rotation appears to be underway, with an ever growing number of companies committing to buying it as a treasury asset. The total number of known publicly traded holders has increased to 129, and when private companies and sovereign entities are included, the total has reached 235. That's an increase of 27 entities in just 30 days. Geopolitical tensions remain elevated in the Middle East. Israel said it launched airstrikes on nuclear-weapons related targets near Arak and Natanz and an Iranian missile attack scored a direct hit on the Soroka Hospital in southern Israel early this morning. In response, Israel's defense minister pledged further escalation of hostilities. Brent crude rose 1% to $77.45, its highest level since January, adding upward pressure on global energy and food prices. European stock indexes and U.S. equity index futures fell. While U.S. markets are closed today for the Juneteenth holiday, crypto markets remain open 24/7. Stay alert! Crypto June 20: Proof-of-stake blockchain BlackCoin (BLK) activates SegWit on mainnet, improving security and performance. Nodes must be upgraded to release v26.2.0 before this date. Wallets from 13.2 can be used in 26.2.x. June 25: ZIGChain (ZIG) mainnet will go live. June 30: CME Group will introduce spot-quoted futures, pending regulatory approval, allowing trading in bitcoin, ether and major U.S. equity indices with contracts holdable for up to five years. Macro June 19, 3 p.m.: Argentina's National Institute of Statistics and Censuses releases Q1 employment data. Unemployment Rate Prev. 6.4% June 20, 8:30 a.m.: Statistics Canada releases May producer price inflation data. PPI MoM Prev. -0.8% PPI YoY Prev. 2% Earnings (Estimates based on FactSet data) June 23 (TBC): HIVE Digital Technologies (HIVE), post-market, $-0.12 Governance votes & calls Compound DAO is set to vote on a proposal to create the Compound Foundation, a non-profit to drive protocol growth and strategy. It calls for an 18-month plan and requests $9 million in COMP, Voting ends June 20. Arbitrum DAO is voting on a proposal to launch DRIP, an $80M incentives program targeting specific DeFi activity. Managed by a foundation-led committee, DRIP would reward users directly and allow the DAO to shut it down via vote. Voting ends June 20. ApeCoin DAO is voting on whether to sunset the decentralized autonomous organization and launch ApeCo, a new entity established by Yuga Labs with a mission to 'supercharge the APE ecosystem.' Voting ends June 24. Polkadot Community is voting on launching a non-custodial Polkadot branded payment card to 'to bridge the gap between digital assets in the Polkadot ecosystem and everyday spending.' Voting ends July 9. June 19, 9 a.m.: TON to host a Builders Call: Payments Edition. Unlocks June 30: Optimism (OP) to unlock 1.83% of its circulating supply worth $17.34 million. July 1: Sui (SUI) to unlock 1.3% of its circulating supply worth $120.99 million. July 2: Ethena (ENA) to unlock 0.67% of its circulating supply worth $11.23 million. Token Launches June 26: Coinbase to delist Helium Mobile (MOBILE), Render (RNDR), Ribbon Finance (RBN) and Synapse (SYN). The CoinDesk Policy & Regulation conference (formerly known as State of Crypto) is a one-day boutique event held in Washington on Sept. 10 that allows general counsels, compliance officers and regulatory executives to meet with public officials responsible for crypto legislation and regulatory oversight. Day 2 of 2: Canadian Blockchain Consortium's 2nd Annual Policy Summit (Ottawa) Day 2 of 2: SuperAI (Singapore) Day 1 of 3: BTC Prague 2025 June 24-26: Blockworks' Permissionless IV (New York) June 25-26: Bitcoin Policy Institute's Bitcoin Policy Summit 2025 (Washington) June 26: The Injective Summit (New York) June 26-27: Istanbul Blockchain Week June 30 to July 3: Ethereum Community Conference (Cannes, France) By Shaurya Malwa Lion Group Holding (LGHL), a Nasdaq-listed trading platform, secured a $600 million facility from ATW Partners to relaunch its crypto operations and build the world's largest HYPE treasury. The treasury will be anchored by Hyperliquid (HYPE), Solana (SOL) and Sui (SUI), with HYPE positioned as the company's primary reserve asset. SOL and SUI holdings will be custodied and staked with BitGo, which will also provide institutional-grade infrastructure and compliance oversight. LGHL is exploring secondary listings in Tokyo and Singapore to broaden investor access and create Asia's first listed HYPE treasury. The company views HYPE's decentralized sequencing, Solana's consumer traction, and Sui's composability as foundational to its shift toward execution-first DeFi protocols. The first $10.6 million tranche is expected to close before Saturday, with Chardan acting as sole placement agent for the raise. Open interest (OI) across major derivatives venues remains subdued after last week's flush, according to data from Velo. Total OI currently sits at $55.3 billion, well below the June 11 peak of $65.9 billion. The broad-based pullback points to persistent de-risking, even as markets stabilise near range highs. Deribit options flows remain front-loaded into the June 27 expiry. BTC's put/call ratio has ticked up to 1.13, led by renewed put demand at $100K–$110K strikes. Call interest remains heavy above $110K, but today's flows are more balanced than earlier in the week. ETH positioning skews more bullish, with a put/call ratio of 0.75 and call flows clustering at $2,600 and $2,800. Notably, today's top-traded instruments are concentrated in near-term strikes, pointing to short-dated, tactical interest. Velo data shows funding rates have flipped moderately positive for BTC and ETH, with +0.03% and +7.5%, respectively, on Binance, and similar prints across Bybit and OKX. Altcoin signals, however, are still fragmented. AVAX remains deeply negative on Binance (–19.05%), OKX (–18.60%) and Bybit (–16.62%), and bitcoin cash (BCH) also shows extreme short pressure (–24.39% on Bybit). HYPE funding, however, surged again to +38.67% on Bybit, though this reflects isolated speculation rather than a broad sentiment shift. Liquidation maps as provided by Coinglass show a dense band of leverage hugging BTC's current price, with notable zones stacked between $103K and $106K on Binance. This positioning suggests an elevated risk of local unwinds if the price breaks out. Still BTC has now traded within a 10% band for a record 42 days— one of the tightest volatility windows. With leverage compressed and clustered near price, any breakout could be sharp, but for now, conditions remain range-bound and fragile. BTC is up 0.16% from 4 p.m. ET Wednesday at $105,032.28 (24hrs: +0.73%) ETH is up 0.4% at $2,540.03 (24hrs: +1.76%) CoinDesk 20 is unchanged at 3,014.06 (24hrs: +1.22%) Ether CESR Composite Staking Rate is down 4 bps at 2.98% BTC funding rate is at 0.0052% (5.7179% annualized) on OKX DXY is unchanged at 98.95 Gold futures are down 0.58% at $3,388.20 Silver futures are down 1.43% at $36.38 Nikkei 225 closed down 1.02% at 38,488.34 Hang Seng closed down 1.99% at 23,237.74 FTSE is down 0.27% at 8,819.87 Euro Stoxx 50 is down 0.64% at 5,233.39 DJIA closed on Wednesday down 0.10% at 42,171.66 S&P 500 closed unchanged at 5,980.87 Nasdaq Composite closed up 0.13% at 19,546.27 S&P/TSX Composite closed unchanged at 26,559.85 S&P 40 Latin America closed up 0.25% at 2,622.24 U.S. 10-Year Treasury rate is unchanged at 4.4% E-mini S&P 500 futures are down 0.36% at 5,960.00 E-mini Nasdaq-100 futures are down 0.43% at 21,626.25 E-mini Dow Jones Industrial Average Index are down 0.37% at 42,034.00 BTC Dominance: 64.9 (+0.06%) Ethereum to bitcoin ratio: 0.02408 (0.04%) Hashrate (seven-day moving average): 879 EH/s Hashprice (spot): $52.87 Total Fees: 6.95 BTC / $729,711 CME Futures Open Interest: 154,500 BTC priced in gold: 30.9 oz BTC vs gold market cap: 8.75% After dropping below Monday's low and once again testing the 200-day exponential moving average (EMA), ether has managed to reclaim Monday's range. While price action remains below the monthly open, a decisive reclaim of this key level would be a constructive signal, potentially paving the way for a move back toward Monday's highs. Bulls will want to see ether continue to close above the 200-day EMA in the case of further sideways price action. Strategy (MSTR): closed on Wednesday at $369.03 (-1.64%), +0.7% at $371.61 in pre-market Coinbase Global (COIN): closed at $295.29 (+16.32%), -14.16% at $253.47 Circle (CRCL): closed at $199.59 (+33.82%), -23.24% at $153.21 Galaxy Digital Holdings (GLXY): closed at C$26.12 (+3.57%) MARA Holdings (MARA): closed at $14.49 (-1.23%), unchanged in pre-market Riot Platforms (RIOT): closed at $9.94 (+2.9%), -3.62% at $9.58 Core Scientific (CORZ): closed at $11.9 (+0.08%), -1.01% at $11.78 CleanSpark (CLSK): closed at $9.18 (+3.15%), -4.03% at $8.81 CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $18.7 (+0.11%) Semler Scientific (SMLR): closed at $31.94 (+11.95%), -9.58% at $28.88 Exodus Movement (EXOD): closed at $30.14 (+0.43%), -0.73% at $29.92 Spot BTC ETFs Daily net flows: $388.3 million Cumulative net flows: $46.63 billion Total BTC holdings ~1.22 million Spot ETH ETFs Daily net flows: $11.1 million Cumulative net flows: $3.91 billion Total ETH holdings ~3.97 million Source: Farside Investors PancakeSwap now leads crypto protocols based on 24-hour fees. Trump Faces Uproar From MAGA Base Over Possible Iran Strike (Reuters): Several key MAGA figures, including Steve Bannon, warned President Donald Trump that joining Israel's military effort could alienate his base and hurt Republicans in the 2026 midterm elections. Circle Rockets After Stablecoin Bill Clears Senate, Pushes Post-IPO Rally to Over 500% (CoinDesk): Circle Internet (CRCL) stock surged 34% the day after the U.S. Senate passed the GENIUS Act, then rose further in after-hours trading to $211.87. DOJ Ties Kansas Bank Collapse to $225 Million 'Pig Butchering' Seizure (CoinDesk): The U.S. Justice Department traced $225 million in laundered USDT across OKX accounts tied to 434 victims, with seized assets potentially joining a federal crypto reserve established under Trump. Who's Selling Bitcoin Above $100K and Holding Back the Price Rally? (CoinDesk): Selling by short-term holders and miners is offsetting demand from ETFs, while long-term investors are rotating into other assets, keeping bitcoin range-bound despite favorable regulatory and inflow trends. Russian Ties Do Little for Iran While Boosting North Korea (Bloomberg): North Korea's troop deployments and arms transfers have secured battlefield upgrades and oil shipments from Russia, while Iran's drone support has yielded no comparable military or strategic return. Vladimir Putin's Investment Forum Fails to Attract Western Companies (Financial Times): The event's first day drew little high-level international or domestic business presence, with top allies sending second-tier envoys and Russia's wealthiest executives largely skipping the event. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
38 minutes ago
- Yahoo
Aduro Clean Technologies Announces Closing of Underwriter's Over-Allotment Option in Public Offering
LONDON, Ontario, June 20, 2025 (GLOBE NEWSWIRE) -- Aduro Clean Technologies Inc. ('Aduro' or the 'Company') (Nasdaq: ADUR) (CSE: ACT) (FSE: 9D5), a clean technology company using the power of chemistry to transform lower-value feedstocks, like waste plastics, heavy bitumen, and renewable oils, into resources for the 21st century, today announced that it issued an additional 142,180 common shares and warrants to purchase an additional 71,090 common shares, for total gross proceeds of approximately US$1.2 million, pursuant to D. Boral Capital LLC's full exercise of its underwriter's over-allotment option in connection with the Company's previously announced underwritten U.S. public offering of common shares and accompanying warrants to purchase common shares ('Offering'). The common shares issued pursuant to the over-allotment option were sold in combination with an accompanying half warrant (with each whole warrant being exercisable into one common share of the Company). Each whole warrant has an exercise price of US$10.13 per share and are exercisable immediately and will expire three years from the date of issuance. D. Boral Capital LLC is acting as the sole book-running manager for the Offering. Aduro intends to use the net proceeds from the offering for ongoing research and development costs, expenditures related to the construction of its 'Demonstration-Scale' plant and the remainder (if any) for general corporate purposes and working capital. The Offering was being made pursuant to an effective shelf registration statement on Form F-10, as amended (File No. 333-287475), previously filed with the U.S. Securities and Exchange Commission ('SEC') and became effective on May 28, 2025, and the Company's Canadian short form base shelf prospectus dated May 28, 2025 (the 'Base Shelf Prospectus'). Aduro offered and sold the securities in the United States only. No securities were offered or sold to Canadian purchasers. The Base Shelf Prospectus relating to the Offering and describing the terms thereof has been filed with the applicable securities commissions in Canada and with the SEC in the United States and is available for free by visiting the Company's profiles on the SEDAR+ website maintained by the Canadian Securities Administrators at or the SEC's website at as applicable. A final prospectus supplement with the final terms was be filed with the securities regulatory authorities in the Canadian provinces of British Columbia and Ontario and the SEC. Copies of the final prospectus may be obtained, when available, at the SEC's website at or from D. Boral Capital LLC, Attention: 590 Madison Avenue 39th Floor, New York, NY 10022, or by email at dbccapitalmarkets@ or by telephone at +1 212 970 5150. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy any of the Company's securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company's securities in any state or jurisdiction in which such offers, solicitations or sales would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Aduro Clean Technologies Aduro Clean Technologies is a developer of patented water-based technologies to chemically recycle waste plastics; convert heavy crude and bitumen into lighter, more valuable oil; and transform renewable oils into higher-value fuels or renewable chemicals. The Company's Hydrochemolytic™ Technology relies on water as a critical agent in a chemistry platform that operates at relatively low temperatures and cost, a game-changing approach that converts low-value feedstocks into resources for the 21st century. For further information, please contact: Abe Dyck, Head of Business Development and Investor Relationsir@ 226 784 8889 KCSA Strategic CommunicationsJack Perkins, Senior Vice Presidentaduro@ D. Boral Capital 212 970 5150This press release contains forward-looking statements regarding the Company's current expectations. These forward-looking statements include, without limitation, references to the Company's expectations regarding anticipated use of net proceeds from the Offering. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the factors that may result in changes to the Company's anticipated use of proceeds. These and other risks and uncertainties are described more fully in the section captioned "Risk Factors" in the Company's annual information form dated May 20, 2025, which is available on SEDAR+ at on EDGAR at Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law, including the securities laws of the United States and Canada.A photo accompanying this announcement is available at
Yahoo
an hour ago
- Yahoo
LevelJump Announces 2024 Financial Results
Toronto, Ontario--(Newsfile Corp. - June 20, 2025) - LevelJump Healthcare Corp. (TSXV: JUMP) ("LevelJump" or the "Company"), is pleased to announce its financial results for the year ended December 31, 2024. Financial and Operational Highlights Revenues were $17.7 million in 2024 compared to $12.6 million in revenues for 2023, a year over year revenue increase of 41%. Canadian Teleradiology Services, Inc., the Company's 100% owned subsidiary had EBITDA for 2024 of $3.35 million. 2024 Financial Results for fourth quarter and year Revenues of $4.8 million in Q4 2024 and $17.7 million for the year 2024 with a net profit of $1.95 million for Q4 2024 and a net profit of $1.2 million for the year 2024. EBITDA of $395,936 for Q4 2024 and $1,545,298 for the year 2024. Subsequent Events Subsequent to the year end, the Company entered an agreement to acquire two additional diagnostic imaging outpatient clinic locations in Calgary, Alberta. The transaction is expected to close towards the end of July 2025. See the Company's news release dated June 13, 2025. Management Comments "2024 was a transformative year for our Company, marked by significant growth, particularly within our clinic operations," said Mitch Geisler, CEO. "Our year-over-year revenue increased by more than 40%, and we achieved strong EBITDA performance. We are now interpreting imaging scans for approximately 200,000 patients annually across all operations. Our focus remains on driving organic growth and advancing our long-term vision for continued expansion." Non-IFRS Financial Measures This news release contains financial terms (such as adjusted EBITDA) that are not considered in IFRS. Such financial measures, together with measures prepared in accordance with IFRS, provide useful information to investors and shareholders, as management uses them to evaluate the operating performance of the Company. The Company's determination of these non-IFRS measures may differ from other reporting issuers and therefore are unlikely to be comparable to similar measures presented by other companies. Further, these non-IFRS measures should not be considered in isolation or as a substitute for measures of performance or cash flows prepared in accordance with IFRS. These financial measures are included because management uses this information to analyze operating performance and liquidity. For further details on the results, please refer to LevelJump's Management, Discussion and Analysis and Consolidated Financial Statements for the year ended December 31, 2024, which are available on the Company's website ( and under the Company's profile on SEDAR+ ( About LevelJump Healthcare LevelJump Healthcare Corp., (TSXV: JUMP) provides telehealth solutions to client hospitals and imaging centers through its Teleradiology division, as well as in person radiology services through its Diagnostic Centres. JUMP focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities we serve. ON BEHALF OF THE BOARD OF DIRECTORS OFLEVELJUMP HEALTHCARE CORP. Mitchell GeislerChief Executive Officerinfo@ CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This news release contains "forward-looking information" within the meaning of applicable securities laws relating to the Company's business plans and the outlook of the Company's industry. Although the Company believes, in light of the experience of its officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in this forward-looking information are reasonable, undue reliance should not be placed on them because the Company can give no assurance that they will prove to be correct. Actual results and developments may differ materially from those contemplated by these statements. The statements in this press release are made as of the date of this release and the Company assumes no responsibility to update them or revise them to reflect new events or circumstances other than as required by applicable securities laws. The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, Canadian Teleradiology Services, Inc., their securities, or their respective financial or operating results (as applicable). Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction. To view the source version of this press release, please visit Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
