Key Highlights

• On 6 August 2026, HEALWELL reported second-quarter results with Revenue of about $33.0 million, essentially flat — down about 0.6% — from about $33.2 million a year earlier.
• Gross Margin eased to about 54% from about 56%, and adjusted EBITDA fell about 52% to about $1.1 million.
• The first-half revenue surge of about 60.5% looks impressive, but it is largely the result of acquiring Orion Health rather than organic expansion, and the second quarter’s flat revenue and declining adjusted EBITDA show that, on a like-for-like basis, momentum is more muted.
• The reported second-quarter Net Income of about $6.4 million is encouraging on the surface, but because it can…