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Dialogue Announces Record Third Quarter 2021 Results

By 10 November 2021News

Strong and Sustained Demand Drives Near Doubling of ARR to Over $75M, 120% Growth in Revenue, and 1 Million New Members Y/Y

MONTREAL, Nov. 9, 2021 /CNW Telbec/ – Dialogue Health Technologies Inc. (TSX: CARE) (“Dialogue” or the “Company”), Canada’s premier health and wellness virtual healthcare platform, announced today its financial and operational results for the three and nine months ended September 30, 2021. Financial references are in Canadian dollars unless otherwise indicated.

“We continue to see robust demand for Dialogue’s products, which doubled our revenue and drove our pipeline of opportunities to a historical high as we entered the fourth quarter,” said Cherif Habib, Chief Executive Officer of Dialogue. “These results, as well as strong momentum in a number of our key indicators as we exited the third quarter, underscore the growing need within the Canadian market for the power and convenience of our Integrated Health PlatformTM (“IHP”). Our customers increasingly recognize its usefulness, not only to deliver better health and wellness outcomes for their employees, but also to attract and retain talent, especially in a competitive labour market.”

Navaid Mansuri, Chief Financial Officer, added: “We showed solid discipline on cost and capital allocation through the first nine months of the year and have seen our operating expenses plateau. While we will continue to make measured investments in our operations, we see the third quarter as an inflection point in driving operating leverage. Our balance sheet is well-capitalized, providing Dialogue with ample capacity to act on M&A opportunities and further strengthen our IHP.”