Newtopia Stock Price, News & Analysis

Newtopia reported strong Q3 2021 results, with revenues of $2.9 million, up 22% year-over-year and 15% sequentially. Gross profit was $1.4 million, maintaining a gross profit margin of 50%. The company engaged a record 37,000 participants, thanks to a significant rollout with a Fortune 50 client. Adjusted operating loss was $1.0 million, an improvement from $1.4 million last year. Looking ahead, Newtopia expects moderate Q4 revenue but anticipates stronger performance in 2022 driven by expanded business development efforts.

Newtopia Inc. (NEWUF) announced it will release its financial results for Q3 2021 on November 10, 2021, after market close. A conference call will be held at 5:00 p.m. ET to discuss the results in detail. Investors can join the call by dialing U.S. number (877) 407-3982 or International number (201) 493-6780 ten minutes prior to the start time. A replay will be available until November 24, 2021, accessible via U.S. number (844) 512-2921. Newtopia focuses on disease prevention and offers individualized health programs.

Newtopia Inc. (TSXV: NEWU, OTCQB: NEWUF) has increased its credit facility to $7.5 million from a previous $5.0 million, alongside a $2.5 million private placement, totaling $10 million in growth financing. This change is part of an Amending Agreement with a major Canadian bank, aimed at supporting business expansion initiatives. The funds will be allocated to hiring, sales and marketing growth, and advancing habit change technology, enhancing operational efficiencies and customer value. Approval for a 50% guarantee from Export Development Canada is expected shortly.

Newtopia Inc. (TSXV: NEWU, OTCQB: NEWUF), a tech-enabled habit change provider focused on disease prevention, announced participation in the Benzinga Healthcare Conference on September 30, 2021. Jeff Ruby, Founder and CEO, will present at 3:20 PM ET and conduct investor meetings throughout the day. The presentation will be live-streamed on Newtopia's Investor Relations page. Attendees can register for the conference via the Benzinga website. A recent investor presentation is also available online.

Newtopia Inc. will release its financial results for the quarter ended June 30, 2021, on August 12, 2021, after market close. The earnings release will be available on their Investor Relations website and SEDAR. Newtopia focuses on disease prevention through tech-enabled habit changes, targeting chronic diseases like type 2 diabetes and heart disease while promoting mental health. The company aims to reduce healthcare costs for insurers by leveraging individual insights for tailored prevention programs.

Newtopia has appointed Roger Poirier, CFA, to its Board of Directors, expanding its board to five members. With over 30 years in capital markets, finance, and M&A, Poirier will also join the Audit Committee. He founded Whiteshell Group Inc. and co-founded Cormark Securities, bringing significant experience to Newtopia's governance. CEO Jeff Ruby expressed confidence that Poirier's expertise will enhance Newtopia's habit change platform aimed at chronic disease prevention and reducing healthcare costs. The company's innovative approach leverages genetic and behavioral insights to create personalized health programs.

Newtopia Inc. (TSXV: NEWU) launched a revamped investor relations website designed for improved user experience and accessibility across devices. The updated platform enhances transparency and provides essential company information, including press releases and financial data. CEO Jeff Ruby emphasized the site’s role in boosting visibility within the investment community and reflecting Newtopia's identity as an innovative, tech-enabled habit change provider. Additionally, Ruby participated in a podcast, discussing the company’s achievements and strategic growth opportunities.

Newtopia Inc. (TSXV: NEWU) announced the results of a weight loss study on June 22, 2021, revealing significant outcomes during the COVID-19 pandemic. Out of 1,436 participants, 77% lost weight, with an average loss of 4.2%, totaling 35,833 pounds. Notably, 22% of participants dropped a BMI risk category. The study underscores Newtopia's effective habit change platform, which aids health insurers in disease prevention and cost reduction. These results complement previous successful trials and highlight the potential for increased cost savings for employers.

Newtopia Inc. (TSXV: NEWU) announced the transition of its Chief Financial Officer. Effective June 25, 2021, Edmond Lem will reassume the role of interim CFO, previously held before Anthony Lam's appointment in November 2020. Lem brings over 25 years of experience and has been pivotal in Newtopia's public listing. The company also released an updated investor presentation detailing a trial's results conducted with a Fortune 50 financial services firm, focusing on client outcomes during COVID-19.