Hydreight Reports Record Q1 Revenue of $24.9M, Up 449%, with $3.3M Adjusted EBITDA
VSQTF has more than doubled off its 52-week low of $0.12 on elevated volume (6.1× avg).
Summary
Hydreight reported its strongest quarter in history for Q1 2026, with record revenue of $24.9 million, representing a 449% year-over-year increase. The company achieved significant profitability, posting $3.3 million in Adjusted EBITDA and $2.6 million in net income. These results highlight substantial operational leverage and rapid scaling of its digital health infrastructure platform. Furthermore, Hydreight significantly strengthened its balance sheet, ending the quarter with $24.2 million in cash and $32.0 million in working capital. This strong financial performance and robust balance sheet position the company well for continued growth and profitability against its full-year guidance.
At the time of this announcement, VSQTF was trading at $0.56 on OTC in the Life Sciences sector, with a market capitalization of approximately $58.8M. The 52-week trading range was $0.12 to $0.72. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: PR Newswire.