08:44 AM EDT, 03/28/2024 (MT Newswires) -- HEALWELL AI Inc. , a healthcare technology company focused on AI and data science for preventative care, on Thursday reported a fourth-quarter net loss attributable to the company of $6.3 million, or $0.09 per share, wider than a loss of $3.4 million, or $0.07 per share, a year earlier.

Revenue for the quarter ended Dec. 31, 2023, was $1.9 million, down from $3 million a year ago.

HEALWELL reported a Q4 adjusted EBITDA loss of $1.5 million, as compared with a loss of $1.8 million a year ago.

As at Dec. 31, 2023, HEALWELL reported $19.2 million in cash, as compared with $1.4 million as at Dec. 31, 2022.

The company's shares fell 5.3% in Canada yesterday.