Hydreight Technologies (NURS) Planet MicroCap Las Vegas 2026 summary

Strategic vision and ecosystem development

• Founded in 2018 to address fragmentation in healthcare through a B2B2C ecosystem spanning mobile health, non-traditional medical infrastructure, and direct-to-consumer virtual care.

• Focused on compliance and legal guardrails, operating as a 50-state medical company with proprietary technology supporting all verticals.

• Built a scalable, multidisciplinary platform with heavy investment in tech and legal infrastructure, enabling rapid expansion and operational leverage.

• Emphasizes partnerships and customer onboarding, not competition, with a model validated by strong inside ownership and recurring revenue streams.

• Compliance and licensure are core differentiators, attracting businesses seeking legal certainty in a tightening regulatory environment.

Business model and verticals

• Three main verticals: nurse network (Uber for nurses), bricks-and-mortar medi-spas, and direct-to-consumer virtual care (VSDHOne).

• Over 3,000 nurses pay annual subscriptions to join the network, validating the value proposition.

• VSDHOne, launched at the end of 2024, rapidly scaled to 12,000 licenses by April 2026, with most licenses yet to be onboarded.

• The direct-to-consumer vertical offers 45+ treatments, including GLP-1s and peptides, with recurring prescription sales driving growth.

• Category-based onboarding for new clients ensures realistic revenue projections and operational efficiency.

Financial performance and growth

• Q1 revenue of CAD 25 million, representing 70% of the prior full fiscal year, with 67% quarter-over-quarter and 450% year-over-year growth.

• Trailing 12-month revenue reached CAD 55.8 million, with adjusted EBITDA margins at 13% in Q1.

• Operational expenses as a percentage of revenue dropped 40% in Q1 over the previous quarter.

• Cash on hand of CAD 24 million as of Q1 2026, with multiple successful financings and NCIB buybacks to support shareholder value.

• Market cap at approximately CAD 241 million, with 50% inside ownership and a tightly held stock.