Healwell AI Inc. (HWAIF)
Healwell AI Inc., a Toronto-based healthcare technology enterprise established in 2012, specializes in leveraging artificial intelligence and data science to enhance preventative care. The company provides an AI-powered decision support platform tailored for healthcare professionals. Significantly, Healwell AI Inc. also holds a strategic alliance agreement with WELL Health Technologies Corp, a partnership dedicated to accelerating the development and expansion of AI-driven healthcare solutions. The organization officially adopted its current name in October 2023, having previously operated as MCI Onehealth Technologies Inc.
Industry: Medical - Care Facilities
Healwell AI Inc.
OTC:HWAIFHealthcare · Medical - Care Facilities
-1.64%$0.4760
Mkt Cap$149.39M
Float33.78M
O/S313.84M
Inst Own-
SI10.6%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$73.93M
Net Income-$33.43M
Total Assets$202.98M
Free Cash Flow-$14.36M
Debt & Equity
Debt 41%
Equity 59%
Total Debt$61.35M
Total Equity$88.28M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in HWAIF's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$202.98M
Liabilities$114.7M
Accounts Receivable$27.94M
Accounts Payable$10.21M
Inventory$0
PP&E (Net)$3.62M
Goodwill$70.19M
Intangible Assets$76.16M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Revenue | $73.93M | $27.78M | $5.22M | $7.43M | $34.09M | $27.5M | $33M |
| YoY Growth | 166.1% | 432.6% | -29.8% | -78.2% | 24.0% | -16.7% | - |
| Cost of Revenue | $45.17M | $15.44M | $4.32M | $4.79M | $23.39M | -$18.28M | $22.12M |
| Gross Profit | $28.77M | $12.34M | $896K | $2.64M | $10.7M | $45.78M | $10.88M |
| Gross Margin | 38.9% | 44.4% | 17.2% | 35.6% | 31.4% | 166.5% | 33.0% |
| Research and Development | $11.69M | $4.13M | $3.43M | $5.81M | $110K | $0 | $0 |
| Selling, General, and Administrative | $38.1M | $32.13M | $9.46M | $9.18M | $22.31M | $9.79M | $9.64M |
| Other | $0 | $0 | $0 | $138K | $20K | $14K | $1.33M |
| Total Operating Expenses | $49.8M | $36.26M | $13.44M | $14.99M | $22.42M | $9.79M | $11.8M |
| Operating Income (EBIT) | -$21.03M | -$23.92M | -$12.54M | -$12.51M | -$11.71M | -$600K | $373K |
| Operating Margin | -28.4% | -86.1% | -240.4% | -168.3% | -34.4% | -2.2% | 1.1% |
| Interest Expense | $7.24M | $1.86M | $0 | $441K | $329K | $354K | $382K |
| Interest Income | $407K | $455K | $174K | $14K | $78K | $46K | $54K |
| Other Income (Expense) | -$7.3M | $3.76M | -$10.76M | $808K | $1.32M | $14K | -$1.04M |
| Income Before Tax (EBT) | -$28.33M | -$20.16M | -$23.3M | -$12.17M | -$11.61M | -$954K | -$21K |
| Income Tax Expense | -$472K | -$610K | -$386K | $798K | -$532K | -$222K | $65K |
| Net Income | -$33.43M | -$18.74M | -$22.52M | -$15.03M | -$11.17M | -$734K | -$87K |
| Net Income Margin | -45.2% | -67.5% | -431.8% | -202.3% | -32.8% | -2.7% | -0.3% |
| Supplementary Data | |||||||
| EPS | -0.19 | -0.19 | -0.56 | -0.42 | -0.33 | -0.03 | -0.00 |
| Diluted EPS | -0.19 | -0.19 | -0.56 | -0.42 | -0.33 | -0.03 | -0.00 |
| Weighted Average OS | 250.55M | 135.56M | 57.03M | 50.08M | 48.00M | 38.33M | 38.00M |
| EBITDA | -$8.99M | -$13.1M | -$10.16M | -$10.7M | -$8.21M | $1.51M | $2.58M |
| EBITDA Margin | -12.2% | -47.1% | -194.8% | -144.0% | -24.1% | 5.5% | 7.8% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Assets | |||||||
| Current Assets | |||||||
| Cash and Cash Equivalents | $13.27M | $6.71M | $13.66M | $1.01M | $5.09M | $637K | $804K |
| Short-Term Investments | $0 | $192K | $0 | $280K | $386K | $272K | $279K |
| Cash and Short-Term Investments | $13.27M | $6.9M | $13.66M | $1.29M | $5.48M | $909K | $1.08M |
| Accounts Receivable | $27.94M | $4.49M | $885K | $4.29M | $4.9M | $2.86M | $2.15M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $4.85M | $1.68M | $1.68M | $837K | $1.78M | $383K | $26K |
| Total Current Assets | $46.06M | $13.06M | $16.22M | $6.13M | $11.77M | $4.12M | $2.98M |
| Long-Term Assets | |||||||
| Property, Plant & Equipment Net | $3.62M | $3.5M | $2.66M | $7.44M | $9.93M | $9.67M | $11.28M |
| Goodwill | $70.19M | $47.86M | $8.77M | $7.18M | $7.18M | $108K | $108K |
| Intangible Assets | $76.16M | $20.18M | $8.91M | $8.02M | $8.87M | $349K | $93K |
| Long-Term Investments | $6.1M | $3.19M | $292K | $3.41M | $4.26M | $930K | $1.25M |
| Deferred Tax Assets | $342K | $0 | $0 | $108K | $1.11M | $580K | $271K |
| Other Long-Term Assets | $509K | $1.69M | $1.42M | $227K | $278K | $179K | $182K |
| Total Long-Term Assets | $156.92M | $76.42M | $22.06M | $26.39M | $31.64M | $11.82M | $13.19M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $202.98M | $89.49M | $38.28M | $32.53M | $43.4M | $15.94M | $16.17M |
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts Payable | $10.21M | $3.09M | $2.8M | $3.79M | $4.54M | $3.31M | $1.73M |
| Short-Term Debt | $17.18M | $1.27M | $479K | $4.99M | $1.74M | $863K | $68K |
| Current Income Tax Payable | $0 | $266K | $0 | $164K | $126K | $90K | $0 |
| Current Unearned Revenue | $10.89M | $1.75M | $239K | $312K | $201K | $0 | $0 |
| Other Current Liabilities | $2.99M | $1.38M | $1.3M | $1.76M | $1.62M | $0 | $996K |
| Total Current Liabilities | $50.41M | $16.62M | $6.72M | $13.82M | $10.33M | $7.66M | $5.07M |
| Long-Term Liabilities | |||||||
| Long-Term Debt | $40.15M | $10.15M | $10.68M | $0 | $0 | $57K | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $2.5M | $4.64M | $0 | $1.41M | $0 | $0 | $0 |
| Other Long-Term Liabilities | $19.24M | $1.82M | $2.54M | $1.02M | $3.84M | $0 | $713 |
| Total Long-Term Liabilities | $64.3M | $20.35M | $16.26M | $9.09M | $11.87M | $8.11M | $9.49M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $114.7M | $36.97M | $22.98M | $22.91M | $22.2M | $15.77M | $14.56M |
| Stockholders' Equity | |||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $178.37M | $99.86M | $48.02M | $28.36M | $28.36M | $721K | $0 |
| Retained Earnings | -$108.22M | -$67.88M | -$49.36M | -$26.84M | -$11.81M | -$639K | $1.53M |
| Comprehensive Income & Other | $18.14M | -$2K | $1.4M | $0 | $0 | $0 | $0 |
| Other Stockholders' Equity | $18.14M | $13.56M | $10.36M | $6.87M | $3.43M | $0 | $0 |
| Total Equity | $88.28M | $45.54M | $9.02M | $8.39M | $19.98M | $81K | $1.53M |
| Minority Interest | $0 | $6.98M | $6.28M | $1.23M | $1.23M | $88K | $86K |
| Total Liabilities and Equity | $202.98M | $82.51M | $31.99M | $31.3M | $42.18M | $15.85M | $16.08M |
| Supplementary Data | |||||||
| Total Debt | $61.35M | $15.83M | $14.92M | $12.42M | $10.23M | $10.72M | $11.37M |
| Net Debt | $48.07M | $9.12M | $1.26M | $11.41M | $5.14M | $10.09M | $10.56M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Operating Activities | |||||||
| Net Income | -$27.47M | -$19.59M | -$22.52M | -$14.95M | -$11.08M | -$732K | -$86K |
| Depreciation & Amortization | $12.04M | $5.2M | $2.38M | $1.81M | $3.07M | $2.11M | $2.22M |
| Deferred Income Tax | -$472K | -$865K | -$400K | $679K | -$566K | -$309K | $65K |
| Stock-Based Compensation | $9.26M | $5.09M | $2.32M | $3.45M | $4.36M | $535K | $0 |
| Changes in Working Capital: | |||||||
| Accounts Receivable | $1.41M | $1M | $3.22M | $495K | -$1.07M | -$869K | $117K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$6.49M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Working Capital | -$7.16M | -$3.02M | $37K | $111K | -$892K | -$589K | $35K |
| Total Working Capital Change | -$12.23M | -$2.02M | $3.25M | $1.58M | -$1.17M | $1.23M | -$473K |
| Other Non-Cash Items | $5.04M | -$3.94M | $7.27M | -$810K | -$165K | $31K | $325K |
| Net Cash from Operating | -$13.83M | -$16.12M | -$7.7M | -$5.95M | -$5.06M | $3.01M | $2.29M |
| Investing Activities | |||||||
| Capital Expenditures | -$3.18M | -$65K | -$47K | -$818K | -$1.69M | -$167K | -$87K |
| Acquisitions | -$45.91M | -$7.58M | -$815K | $0 | -$3.9M | $0 | $0 |
| Purchases of Investments | $0 | -$2.44M | $0 | $0 | -$577K | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | -$655K | -$870K | $1.83M | -$624K | -$1.67M | -$106K | $0 |
| Net Cash from Investing | -$49.75M | -$10.96M | $965K | -$833K | -$6.16M | -$167K | -$87K |
| Financing Activities | |||||||
| Debt Repaid | -$50.8M | $281K | $291K | -$3.4M | $2.35M | $1.55M | $1.84M |
| Common Stock Issuance | $22.79M | $13.63M | $0 | $0 | $19.63M | $0 | $0 |
| Common Stock Repurchases | $0 | -$446K | $0 | $0 | -$620K | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 | -$83K | $0 | -$1.43M | $0 |
| Other Financing Activities | -$5.57M | $7.23M | $19.68M | -$1.82M | -$1.41M | -$31K | -$221K |
| Net Cash from Financing | $68.02M | $20.13M | $19.39M | $2.7M | $15.68M | -$3.01M | -$2.06M |
| Forex Effect | $2.43M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $6.87M | -$6.95M | $12.65M | -$4.09M | $4.45M | -$167K | $143K |
| Supplementary Data | |||||||
| Operating Cash Flow | -$13.83M | -$16.12M | -$7.7M | -$5.95M | -$5.06M | $3.01M | $2.29M |
| Capital Expenditure | -$525K | -$935K | -$47K | -$818K | -$1.69M | -$167K | -$87K |
| Free Cash Flow | -$14.36M | -$17.06M | -$7.74M | -$6.77M | -$6.75M | $2.84M | $2.2M |
| Cash at Beginning | $6.4M | $13.66M | $1.01M | $5.09M | $637K | $804K | $662K |
| Cash at End | $13.27M | $6.71M | $13.66M | $1.01M | $5.09M | $637K | $804K |