VitalHub Corp. Reports First Quarter 2023 Results
Retrieved on:
Friday, May 12, 2023
“We began 2023 with record first-quarter revenue with continued robust positive year-over-year and sequential momentum,” said Dan Matlow, Chief Executive Officer of VitalHub.
Key Points:
- “We began 2023 with record first-quarter revenue with continued robust positive year-over-year and sequential momentum,” said Dan Matlow, Chief Executive Officer of VitalHub.
- “Positive organic growth (17%) and accretive inorganic growth contributed to our 34% Q1 2023 revenue increase.
- The decrease in Q1 2023 was due to the unusual volume of high margin perpetual license sales of $2,767,253 in Q1 2022, as compared to $310,398 in Q1 2023.
- ARR (1, 2) for Q1 2023 grew by $15,619,427 or 65% from Q1 2022, and $3,489,367 or 10% from Q4 2022.