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Nova Leap Health Corp. (NVLPF)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.6278+0.0320 (+5.37%)
At close: 3:40PM EDT
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Previous Close0.5958
Open0.6278
BidN/A x N/A
AskN/A x N/A
Day's Range0.6278 - 0.6278
52 Week Range0.2015 - 0.7900
Volume657
Avg. Volume7,800
Market Cap43.339M
Beta (5Y Monthly)N/A
PE Ratio (TTM)27.30
EPS (TTM)0.0230
Earnings DateMay 06, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • President & CEO of Nova Leap Health Corp. to Present at the Q2 Virtual Investor Summit
    GlobeNewswire

    President & CEO of Nova Leap Health Corp. to Present at the Q2 Virtual Investor Summit

    NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, May 11, 2021 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a home health care organization ranked #2 on the 2020 Report on Business ranking of Canada’s Top Growing Companies, is pleased to announce that Chris Dobbin, President & CEO of Nova Leap, will present at the Q2 Virtual Investor Summit event to be held May 17-18, 2021. About the Q2 Virtual Summer Summit The Investor Summit is an exclusive, independent conference dedicated to connecting smallcap and microcap companies with qualified investors. The Q2 Investor Summit will take place virtually, featuring 100 companies and over 300 institutional and retail investors. Mr. Chris Dobbin, President & CEO of Nova Leap, will be presenting at the event by way of webcast on Monday, May 17, 2021 at 11:00 AM Eastern Time / (8:00 AM Pacific Time). The unique link allowing access to the Company’s webcast is: https://zoom.us/webinar/register/WN_5NGZgUvyTYS7xgnHUK5EWg About Nova Leap Nova Leap is an acquisitive home health care services company operating in one of the fastest-growing industries in the U.S. & Canada. The Company performs a vital role within the continuum of care with an individual and family centered focus, particularly those requiring dementia care. Nova Leap achieved the #2 ranking on the 2020 Report on Business ranking of Canada’s Top Growing Companies and the #10 Ranking in the 2019 TSX Venture 50™ in the Clean Technology & Life Sciences sector. The Company is geographically diversified with operations in 7 different U.S. states within the New England, South-Central and Midwest regions as well as Nova Scotia, Canada. FORWARD LOOKING INFORMATION: Certain information in this press release may contain forward-looking statements, such as statements regarding future expansions and cost savings, the Company’s expected annualized recurring revenue run rate and plans regarding future acquisitions and financings. This information is based on current expectations and assumptions, including assumptions concerning general economic and market conditions, availability of working capital necessary for conducting Nova Leap’s operations, and Nova Leap’s ability to integrate its acquired businesses and maintain previously achieved service hour and revenue levels, that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include the impact of the COVID-19 pandemic or any recurrence, including government regulations or voluntary measures limiting the Company’s ability to provide care to clients (such as shelter-in-place orders, isolation or quarantine orders, distancing requirements, or closures or restricted access procedures at facilities where clients reside), increased costs associated with personal protective equipment and sanitization supplies, staff and supply shortages; regulatory changes affecting the home care industry, other unexpected increases in operating costs and competition from other service providers. All forward-looking statements, including any financial outlook or future-oriented financial information, contained in this press release are made as of the date of this release and included for the purpose of providing information about management's current expectations and plans relating to the future. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT: For further information: Chris Dobbin, CPA, CA Director, President and CEO Nova Leap Health Corp. T: 902 401 9480 F: 902 482 5177 E: cdobbin@novaleaphealth.com

  • Nova Leap Health Corp. Posts Record Revenues for First Quarter 2021
    GlobeNewswire

    Nova Leap Health Corp. Posts Record Revenues for First Quarter 2021

    NLH Revenue Chart NLH Revenue Chart NLH EBITDA NLH EBITDA NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES HALIFAX, Nova Scotia, May 06, 2021 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a home health care organization ranked #2 on the 2020 Report on Business ranking of Canada’s Top Growing Companies, is pleased to announce the release of financial results for the first quarter ended March 31, 2021. All amounts are in United States dollars unless otherwise specified. Nova Leap First Quarter of 2021 Highlights for the first quarter ended March 31, 2021 included the following: First quarter revenues were the highest in the Company’s history;Q1 2021 revenues of $5,020,139 increased by 11.97% relative to Q4 2020 revenues of $4,483,539 and were 8.87% higher than Q1 2020 revenues of $4,611,140; Revenue in USD $ is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/409fe3bc-6a3d-4de8-8e7c-b8a77f6f9e01 The Canadian operating segment generated record revenues, record gross margin, record EBITDA and record EBITDA as a percentage of revenue (14.4%) during Q1 2021;The Company had a cash balance of $2,351,134 as of March 31, 2021 as well as full access to the unutilized revolving credit facility of $696,000; Nova Leap’s U.S. operating segment qualified for the Employee Retention Credit (“ERC”) in the first quarter of 2021 and has recognized $1,555,431 in Other Income with a corresponding receivable. The U.S. operating segment automatically qualifies for the ERC in Q2 2021, based on its qualification in Q1 2021, and expects to receive a further $1.6 million for Q2 for a total estimated benefit of $3.1 million in 2021. Timing of collection of the ERC is unknown. In the first quarter of 2021, the Company received confirmation that $1,403,900 of the PPP loans previously recognized in income during the latter part of 2020 were forgiven. One forgiveness application remains in process for an additional $571,700. Management now expects the full amount of the PPP loans received to be forgiven and an additional $63,446 was recognized in Other income in Q1 2021.Q1 2021 EBITDA of ($38,692), which excludes government assistance programs, was consistent with Q4 2020 EBITDA of ($36,515) and lower than Q1 2020 EBITDA of $220,051. EBITDA in USD $ is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f73d02fb-ee56-4711-b6d0-e9abada0b08eThe Company reported an adjusted net loss of ($196,132) for Q1 2021 as compared to an adjusted net loss of ($71,019) for Q1 2020 and an adjusted net income of $719,088 for Q4 2020 (see reconciliation of adjusted net (loss) income to net (loss) income in “Summary of Quarterly Results” section in the MD&A). President & CEO’s Comments “I’ll share a few comments that I believe are relevant as I reflect on our Q1 results”, said Chris Dobbin, President & CEO of Nova Leap. “I am very pleased that the Company was able to attract such high caliber directors in Marie Mullally and Anne Whelan. It is a testament to our team, the industry in which we operate and those we serve that they are willing to make such a commitment to Nova Leap’s success moving forward. During Q1, Nova Leap forced conversion of a substantial portion of outstanding convertible debt which improved the Company’s balance sheet, integrated two new acquired businesses from Q4 2020, received analyst coverage for the first time and saw insider buying in the market. Insider ownership of the Company sits just below 40%. I view these as positives for all stakeholders. I believe there are two financial items of importance that warrant special attention. First, our U.S. operations qualified for the ERC in Q1. As a result, we anticipate that the Company will receive approximately $3.1 million over the course of the next several months. We intend to put these funds to use in support of our U.S. operations with continued hiring and expansion in the U.S. Second, Nova Leap achieved record quarterly revenues. With the vaccine rollout across the U.S., we began to see a positive trend through Q1 with Nova Leap’s March revenues the highest monthly revenues in the Company’s history. It was a good way to end the quarter as we entered Q2. Much like we saw a direct correlation between a decrease in client service hours during the early days of the pandemic in 2020, it appears that there is a direct correlation between the positive impacts of the vaccine rollout with an increase in demand for services. In fact, there has been such an increase in demand for services that our agencies are struggling to meet the demand. The biggest challenge across the industry remains achieving increased staffing levels. I have no doubt that home care is viewed with increased importance as a result of the pandemic.” This news release should be read in conjunction with the unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2020, notes to the financial statements, and management's discussion and analysis, which have been filed on SEDAR. About Nova Leap Nova Leap is an acquisitive home health care services company operating in one of the fastest-growing industries in the U.S. & Canada. The Company performs a vital role within the continuum of care with an individual and family centered focus, particularly those requiring dementia care. Nova Leap achieved the #2 ranking on the 2020 Report on Business ranking of Canada’s Top Growing Companies and the #10 Ranking in the 2019 TSX Venture 50™ in the Clean Technology & Life Sciences sector. The Company is geographically diversified with operations in 7 different U.S. states within the New England, South- Central and Midwest regions as well as Nova Scotia, Canada. NON-GAAP MEASURES: Earnings before interest, taxes, depreciation and amortization (“EBITDA”), is calculated as income (loss) from operating activities plus amortization and depreciation and stock-based compensation. Adjusted net income is net income adjusted for stock-based compensation expense, acquisition expenses, foreign exchange gains/losses, restructure charges, and severance and other costs. FORWARD LOOKING INFORMATION: Certain information in this press release may contain forward-looking statements, such as statements regarding future expansions and cost savings, expected forgiveness of PPP loans, timing of receipt of ERC, qualification for and amount of ERC for Q2 2021, and plans regarding future acquisitions and business growth. This information is based on current expectations and assumptions, including assumptions concerning general economic and market conditions, availability of working capital necessary for conducting Nova Leap’s operations, availability of desirable acquisition targets and financing to fund such acquisitions, and Nova Leap’s ability to integrate its acquired businesses and maintain previously achieved service hour and revenue levels, that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include the impact of the COVID-19 pandemic or any recurrence, including government regulations or voluntary measures limiting the Company’s ability to provide care to clients (such as shelter-in-place orders, isolation or quarantine orders, distancing requirements, or closures or restricted access procedures at facilities where clients reside), increased costs associated with personal protective equipment and sanitization supplies, staff and supply shortages, regulatory changes affecting the home care industry, other unexpected increases in operating costs and competition from other service providers. All forward-looking statements, including any financial outlook or future-oriented financial information, contained in this press release are made as of the date of this release and included for the purpose of providing information about management's current expectations and plans relating to the future. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. CONTACT: For further information: Chris Dobbin, CPA, CA, Director, President and CEO Nova Leap Health Corp., T: 902 401 9480 F: 902 482 5177 E:cdobbin@novaleaphealth.com

  • Nova Leap Health Corp. Announces Results of Annual and Special Meeting of Shareholders
    GlobeNewswire

    Nova Leap Health Corp. Announces Results of Annual and Special Meeting of Shareholders

    Report on Proxies NOVA LEAP HEALTH CORP ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS HELD ON APRIL 29, 2021 HALIFAX, Nova Scotia, April 29, 2021 (GLOBE NEWSWIRE) -- NOVA LEAP HEALTH CORP. (TSXV: NLH) (“Nova Leap” or “the Company”), a home health care organization ranked #2 on the 2020 Report on Business ranking of Canada’s Top Growing Companies, announced today that its shareholders voted in favour of all items of business brought before them at the Company’s annual and special meeting of shareholders held on April 29, 2021. At the meeting, the six nominees to the Company’s Board of Directors, Christopher Dobbin, Wayne Myles, Michael O’Keefe, Dana Hatfield, Marie Mullally and Anne Whelan, were elected for the ensuing year. Grant Thornton LLP was re-appointed as the Company’s auditor to hold office until the next annual meeting of shareholders or until its successor is duly appointed, at a remuneration to be fixed by the Board. In addition, the amended and restated equity incentive plan of the Company (the “Plan”), which amends and restates the Company’s existing stock option plan, was ratified and approved by disinterested shareholders. Under the Plan, participants may be granted an award of either options or deferred share units. The aggregate number of common shares reserved for issuance under the Plan cannot exceed 10% of the number of issued and outstanding common shares of the Company, with a maximum of 500,000 common shares issuable upon redemption of deferred share units granted under the Plan. More information on the Plan, include a copy of the Plan, is available in the Company’s management information circular dated March 26, 2021 filed on SEDAR. The shareholders also approved a resolution to ratify and confirm an amendment to By-Law No. 1 of the Company to provide that Nova Leap may hold shareholder meetings, and conduct votes at such meetings, entirely or partly by means of a telephonic, electronic or other communication facility in accordance with the Canada Business Corporations Act, allowing Nova Leap to hold shareholder meetings in a virtual meeting format. The voting results for the Annual and Special Meeting of the Shareholders were as follows: https://www.globenewswire.com/NewsRoom/AttachmentNg/ca1d8a06-4a74-463f-bf22-e6f040f677c3 About Nova Leap Nova Leap is an acquisitive home health care services company operating in one of the fastest-growing industries in the U.S. & Canada. The Company performs a vital role within the continuum of care with an individual and family centered focus, particularly those requiring dementia care. Nova Leap achieved the #2 ranking on the 2020 Report on Business ranking of Canada’s Top Growing Companies and the #10 Ranking in the 2019 TSX Venture 50™ in the Clean Technology & Life Sciences sector. The Company is geographically diversified with operations in 7 different U.S. states within the New England, South- Central and Midwest regions as well as Nova Scotia, Canada. FORWARD LOOKING INFORMATION: Certain information in this press release may contain forward-looking statements, such as statements regarding future expansions and cost savings, the Company’s expected annualized recurring revenue run rate and plans regarding future acquisitions and financings. This information is based on current expectations and assumptions, including assumptions concerning general economic and market conditions, availability of working capital necessary for conducting Nova Leap’s operations, and Nova Leap’s ability to integrate its acquired businesses and maintain previously achieved service hour and revenue levels, that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any forward-looking statements. Risks that could cause results to differ from those stated in the forward-looking statements in this release include the impact of the COVID-19 pandemic or any recurrence, including government regulations or voluntary measures limiting the Company’s ability to provide care to clients (such as shelter-in-place orders, isolation or quarantine orders, distancing requirements, or closures or restricted access procedures at facilities where clients reside), increased costs associated with personal protective equipment and sanitization supplies, staff and supply shortages, regulatory changes affecting the home care industry, other unexpected increases in operating costs and competition from other service providers. All forward-looking statements, including any financial outlook or future-oriented financial information, contained in this press release are made as of the date of this release and included for the purpose of providing information about management's current expectations and plans relating to the future. The Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements unless and until required by securities laws applicable to the Company. Additional information identifying risks and uncertainties is contained in the Company's filings with the Canadian securities regulators, which filings are available at www.sedar.com. CAUTIONARY STATEMENT: Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. For further information: Chris Dobbin, CPA, CADirector, President and CEO Nova Leap Health Corp. T: 902 401 9480 F: 902 482 5177 E:cdobbin@novaleaphealth.com