Veri Medtech (VRHI) Reaches $100 Million Revenue Milestone

Rhea-AI Summary

Veri Medtech (VRHI) announced reaching a significant milestone of $100 million in cumulative revenue since its 2017 inception, with Q1 2025 revenue of $3.3 million. The healthcare technology platform has achieved several key milestones, including reaching up to 400,000 patients and 400 physicians on its network. The company has recently relaunched two key platforms: Veriheal.com and DosePop.com, as part of its telehealth diversification strategy. VRHI has also retained a PCAOB auditor in preparation for a potential uplisting. The company positions itself to compete with LifeMD, Ro, and HIMS in the $114 billion telehealth market through its Infinite Wellness Loop platform.

Positive

• Achieved $100 million cumulative revenue milestone since 2017
• Growing network with 400,000 patients and 400 physicians
• Strategic expansion through relaunch of two platforms: Veriheal.com and DosePop.com
• Preparation for uplisting with PCAOB auditor retention

Negative

• Q1 2025 revenue of $3.3M suggests relatively small quarterly revenue compared to established competitors
• Faces significant competition from established players like LifeMD, Ro, and HIMS

NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Veri Medtech Holdings, Inc. (Stock Ticker Symbol: “VRHI”) ("Veri Medtech"), healthcare technology platform, announced today that $3,308,297 in revenue was generated during the first quarter of 2025, with an aggregate of up to $100 million in sales revenue generated since inception in 2017. For more information, please visit: www.VeriMedtech.com

Additional Key Accomplishments:

1. Retained PCAOB Auditor (in preparation for uplisting)
2. Announced up to 400,000 Patients Milestone
3. Announced up to 400 Physicians Milestone
4. Relaunched Veriheal.com
5. Relaunched DosePop.com (Executing On telehealth healthcare technology diversification strategy)
   

“Veri Medtech (VRHI) continues to be a market leading healthcare platform enabling patients and doctors to seamless connect. In Q1, Veri Medtech (VRHI) successfully relaunched its industry-leading Veriheal.com healthcare technology platform, while simultaneously executing on strategic diversification via its relaunch also of DosePop.com. LifeMD, Ro and HIMS are key competitive barometers of the future of healthcare, and with $114 billion in telehealth opportunity to be captured, Veri Medtech’s Infinite Wellness Loop (Connecting Patients-Platform-Physicians 24/7) is uniquely-positioned to capture market share for years to come,” said Sam Adetunji, CEO, Veri Medtech Holdings.

About Veri Medtech (OTC Markets: VRHI): Veri Medtech is a publicly-traded healthcare technology company that offers alternative medicine, personalized diagnostics, and wellness medication on demand. The company leverages telehealth infrastructure, diagnostic intelligence, and scalable digital systems to meet the growing demand for accessible, stigma-free healthcare. Strategically positioned for growth, Veri MedTech actively explores acquisitions that complement its core capabilities and enhance patient engagement across emerging sectors of alternative medicine, longevity, and wellness science. With a strong integration and operational efficiency track record, the company drives accelerated revenue through the continuous generation of high-value patient databases and recurring service models. With a commitment to innovation and patient-centric care, Veri MedTech continues to expand its services and reach, aiming to make personalized healthcare more accessible and effective for all. For more information, please visit: www.VeriMedTech.com

About Veriheal: Veriheal, a wholly-owned subsidiary of publicly-traded Veri Medtech Holdings - OTC Markets (“VRHI”) is a healthcare technology company on a mission to help real people get real medicine.  For more information, please visit: www.Veriheal.com

About DosePop: DosePop, a wholly-owned subsidiary of publicly-traded Veri Medtech Holdings - OTC Markets (“VRHI”), provides a one-stop healthcare technology platform for mental and physical health, all designed to empower you to take charge of your well-being. From weight loss solutions to anti-aging, our treatments are backed by science and administered by licensed professionals. For more information, please visit: www.DosePop.com

About Global Telemedicine:  The global telemedicine market size was valued at USD 114.98 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 17.96% from 2024 to 2030.  Telemedicine market growth is being driven by factors such as consolidation across industry, strategic initiatives by key companies, and increasing healthcare consumerism. Furthermore, rising adoption of telemedicine by providers, increasing patient acceptance and consumer demand, and delivery of improved quality of care are expected to contribute to the growth of the telemedicine market over the forecast period. For instance, in May 2021, Walmart Inc. acquired a telehealth company, MeMD. This acquisition is expected to enable Walmart to expand its offerings and provide virtual access to primary, urgent, and behavioral healthcare services nationwide. Source: Grandview Research. https://www.grandviewresearch.com/industry-analysis/telemedicine-industry

Forward Looking Statements: Cautionary Note Regarding Forward-Looking Statements: This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Veri Medtech (OTC: "VRHI") and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements.

PR Contact: pr@verimedtech.com

FAQ

What is Veri Medtech's (VRHI) total revenue since inception?

Veri Medtech has generated $100 million in total sales revenue since its inception in 2017.

How much revenue did VRHI generate in Q1 2025?

Veri Medtech generated $3,308,297 in revenue during the first quarter of 2025.

What are the key milestones achieved by Veri Medtech (VRHI)?

Key milestones include reaching 400,000 patients, 400 physicians, retaining a PCAOB auditor, and relaunching both Veriheal.com and DosePop.com platforms.

Who are Veri Medtech's main competitors in the telehealth market?

Veri Medtech's main competitors are LifeMD, Ro, and HIMS in the telehealth market.

What is the size of the telehealth market opportunity according to VRHI?

According to Veri Medtech, there is a $114 billion telehealth market opportunity to be captured.