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Newtopia Inc. - NEWUF STOCK NEWS

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Newtopia Inc. (NEWUF) is a tech-enabled whole health platform that focuses on creating sustainable habits to prevent, slow, and reverse chronic diseases. The company recently announced GLP-1 Sustain, a program designed to support users taking GLP-1 receptor agonists by maintaining long-term health benefits and cost savings. Newtopia's habit change platform has shown success in promoting positive lifestyle habits, resulting in significant weight loss and metabolic risk reduction. The company is dedicated to helping individuals develop constructive lifestyle habits for long-term health and well-being.

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On July 10, 2024, Newtopia announced strategic steps to enhance shareholder value and address indebtedness, including a forbearance agreement with the Bank of Nova Scotia. This agreement allows Newtopia to explore various business options, such as a sale, merger, or investment opportunities. Newtopia is also reinstating trading on the TSX Venture Exchange, a positive development for shareholders.

Newtopia's CEO, Jeff Ruby, highlighted the company's achievements in engaging patients and improving health outcomes through clinical trials and corporate partnerships. Newtopia is currently exploring opportunities to expand innovation partnerships, integrate its platform with GLP-1 drugs, and collaborate with health AI innovators. However, the company faces significant financial challenges, including a working capital deficiency of $8,494,823 as of March 31, 2024.

The company plans to hold a shareholder meeting by September 30, 2024, to address key issues and provide updates on its strategic review process.

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Newtopia has reported its Q4 2023, full year 2023, and Q1 2024 financial results. The company saw a decrease in revenue across all periods due to changes in a major client's incentive program. Q4 2023 revenue was $2.3M, down 25% YoY; full year 2023 revenue was $9.8M, down 12% YoY; and Q1 2024 revenue was $1.8M, down 31% YoY. Gross profit margins were 63%, 62%, and 50% for Q4 2023, full year 2023, and Q1 2024, respectively. Net cash stood at $0.4M at the end of Q4 2023 and $0.33M at the end of Q1 2024. The company has reduced operating expenses significantly. Newtopia is optimistic about growth opportunities with GLP-1 drugs and health AI partnerships.

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Newtopia (TSXV: NEWU; OTCQB: NEWUF), a tech-enabled health platform focused on preventing chronic diseases, announced it will release combined financial results for Q4 2023 and Q1 2024 on May 23, 2024, after market close.

The company will hold a conference call at 5:00 p.m. Eastern Time on the same day to discuss these results. Interested parties can access the call via phone or live webcast.

A replay of the call will be available until June 13, 2024, and the webcast will be archived on Newtopia's investor relations website.

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Arvest Bank and Newtopia Inc. announce a partnership to improve health outcomes and reduce chronic metabolic disease burden. The collaboration aims to provide personalized whole health coaching to Arvest associates, enhancing well-being and quality of life.
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Newtopia Inc. and Arvest Bank collaborate to reduce chronic metabolic disease burden and improve clinical outcomes. Newtopia's proven platform generates 70% engagement and $1,464 in medical cost savings per participant. Arvest integrates Newtopia into its Wellness Program to enhance health outcomes and offer personalized health coaching.
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Newtopia Inc. announced the launch of GLP-1 Sustain, a program aimed at supporting and extending the clinical outcomes of GLP-1 receptor agonists and related drugs. The program is designed to ensure long-lasting health benefits and cost-effectiveness for payers, employers, value-based providers, and patients. Newtopia's habit change platform has shown significant engagement and positive lifestyle habit cultivation, leading to cost savings and sustained weight loss benefits. GLP-1 Sustain is expected to produce significant annual cost savings for clients, offering a scalable and affordable pathway to preserve the health benefits produced by GLP-1 medications for millions of Americans.
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Newtopia Inc. (NEWU) collaborates with Heartland Whole Health Institute on a primary prevention and healthcare reform initiative. The Project aims to improve health and reduce costs for patients suffering from type-2 diabetes, hypertension, or obesity. The partnership is positioned to expand to other providers and employers in the region and offers a blueprint for scalable, value-based primary prevention efforts across the United States.
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Newtopia Inc. (NEWU) Achieves EBITDA Positive for First Full Quarter, Decreases Operating Expenses by 52% Year-Over-Year, and Improves Gross Margin. Quarterly conference call scheduled for Nov 16, 2023 at 5 pm ET. Third Quarter 2023 Financial Highlights include Revenue of $2.43 million and Gross profit margin of 66%.
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Newtopia Inc. (NEWU) to release Q3 2023 financial results on November 16, 2023. The tech-enabled whole health platform will host a conference call to discuss the results and provide a webcast for investors.
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FAQ

What is Newtopia Inc.'s focus?

Newtopia Inc. is a tech-enabled whole health platform that emphasizes creating sustainable habits to prevent, slow, and reverse chronic diseases.

What is GLP-1 Sustain?

GLP-1 Sustain is a companion program by Newtopia Inc. designed to support users taking GLP-1 receptor agonists by maintaining long-term health benefits and cost savings.

What benefits has Newtopia's habit change platform shown?

Newtopia's habit change platform has demonstrated success in promoting positive lifestyle habits, resulting in significant weight loss and beneficial changes in metabolic risk factors.

What is Newtopia Inc.'s dedication?

Newtopia Inc. is dedicated to helping individuals develop constructive lifestyle habits to sustain weight loss, health, and well-being over time.

How does Newtopia Inc. contribute to long-term health?

Newtopia Inc. contributes to long-term health by focusing on creating positive lifelong habits that prevent, slow, or reverse chronic diseases while reducing healthcare costs.

Newtopia Inc.

OTC:NEWUF

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11.59M
133.58M
35.47%
0.8%
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