Strong Momentum in the Business Drives Member
Count to Nearly 2 Million
MONTREAL, Jan. 25, 2022 /CNW/ - Dialogue Health
Technologies Inc. (TSX: CARE) ("Dialogue" or the "Company") is
pleased to announce preliminary operating metrics for the fourth
quarter and year ended December 31,
2021.
- Annual Recurring and Reoccurring Revenue ("ARR") increased by
$9.6 million in the fourth quarter of
2021 to end the year at $85.0
million. This record performance, almost entirely organic in
nature, represents growth of 45.1% year-over-year and 12.7%
compared to the prior quarter.
- Members grew to nearly 1.85 million, an increase of more than
900,000, or 98.0%, year-over-year. Furthermore, many signed
customers chose to launch our platform at the start of 2022,
subsequent to quarter end, to account for budgetary and financial
planning requirements. As such, we onboarded an additional 100,000
members in the first week of the new year, a significant
accomplishment for our Customer Success team. When factoring the
timing of these additions, Members grew approximately 182,000, or
10.3%, compared to the third quarter of 2021.
"This strong performance marks the end of a great year in
which Dialogue continued to build awareness in the market and gain
share. I am proud of the excellent traction we have been getting
with organizations of all sizes looking to prioritize the health
and wellbeing of their employees and members," said Cherif
Habib, Chief Executive Officer of Dialogue. "Our agreement with
Canada Life to add a mental health offer to the Consult+ platform
was another watershed event, and we look to continue on that path
in the year ahead. Importantly, our pipeline of opportunities
remains robust going into 2022, as the power of our Integrated
Health PlatformTM further takes hold with key decision
makers. We look forward to sharing our full financial and
operational results in March."
Dialogue's Integrated Health PlatformTM, which was
launched at the start of 2021, has emerged as a meaningful
competitive advantage and a key force in the Company's strategy.
The ability to provide customers with multiple health and wellness
services on a truly integrated platform has resonated with
employers across a broad spectrum of industries during the past
year. We added a number of notable enterprise logos in 2021 through
both our direct sales channel and our strong partnerships. These
wins demonstrate the inherent value that our platform provides to
these leading companies and their employees. The past year was also
highlighted by the expansion of our relationship with The Canada
Life Assurance Company ("Canada Life"), which added internet-based
cognitive and behavioural therapy ("iCBT"), our most recently
launched service, to their Consult+ platform.
About Dialogue
Incorporated in 2016, Dialogue is Canada's premier virtual healthcare and
wellness platform, providing affordable, on-demand access to
quality care. Through our team of health professionals, we serve
employers and organizations who have an interest in the health and
well-being of their employees, members and their families. Our
Integrated Health Platform™ is a one-stop healthcare hub that
centralizes all of our programs in a single, user-friendly
application, providing access to services 24 hours per day, 365
days per year from the convenience of a smartphone, computer or
tablet.
SOURCE Dialogue Health Technologies Inc.