08:16 AM EST, 11/21/2025 (MT Newswires) -- Third-party administrator and technology services provider, NexgenRx ( NEGXF ) overnight Thursday said its revenue rose in the third quarter.

The company reported third-quarter revenue of C$4.6 million, which it said increased 13.43% compared to the same period last year. The company attributed the increased revenue mainly to organic growth of existing clients as the company "expands its reach and services."

"Net income and EBITDA increased by $440,550 and $441,223, respectively, compared to the same period in 2024," said the company.

The company also said that total operating expense for the quarter was $243,421 or 8.0% higher compared to the same period in the prior year, attributed to I.T. implementation expenses, consulting services, and compensation adjustments.

"Our Q3 results reflect our continued pattern of increasing revenues and EBITDA on a quarter-by-quarter basis over the past several years," said Ron Loucks, President and Chief Executive Officer. "This continued growth cycle has positioned the company to continue to generate free cash flow, supported by our strong recurring revenues and sales pipelines."