01:43:55 EDT Mon 07 Jul 2025
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Leveljump earns $1.2-million in 2024

2025-06-20 18:10 ET - News Release

Mr. Mitchell Geisler reports

LEVELJUMP ANNOUNCES 2024 FINANCIAL RESULTS

Leveljump Healthcare Corp. has released its financial results for the year ended Dec. 31, 2024.

Financial and operational highlights:

  • Revenues were $17.7-million in 2024 compared with $12.6-million in revenues for 2023, a year-over-year revenue increase of 41 per cent.
  • Canadian Teleradiology Services Inc., the company's 100-per-cent-owned subsidiary, had earnings before interest, taxes, depreciation and amortization 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, Alta. The transaction is expected to close toward the end of July, 2025. See the company's news release dated June 13, 2025.

Management comments

"Two thousand twenty-four was a transformative year for our company, marked by significant growth, particularly within our clinic operations," said Mitch Geisler, chief executive officer. "Our year-over-year revenue increased by more than 40 per cent, 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."

For further details on the results, please refer to Leveljump's management's discussion and analysis and consolidated financial statements for the year ended Dec. 31, 2024, which are available on the company's website and under the company's profile on SEDAR+.

About Leveljump Healthcare Corp.

Leveljump provides telehealth solutions to client hospitals and imaging centres through its teleradiology division, as well as in-person radiology services through its diagnostic centres. Leveljump focuses primarily on critical care for urgent and emergency patients, establishing integral relationships in the communities it serves.

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