08:28 AM EDT, 08/14/2024 (MT Newswires) -- WELL Health Technologies ( WHTCF ) , a digital healthcare company, on Wednesday reported slightly lower adjusted income for the first quarter while revenue jumped 42% to a quarterly record.

Adjusted profit fell to $12.3 million, or $0.05 per share from $14.4 million, or $0.06 per share last year.

Quarterly revenue of $243.1 million was a record and a 42% increase over last year's $171 million. The company recorded organic growth of 21% including clinic absorptions and 16% without absorptions.

WELL also achieved a record 1.4 million patient visits during the quarter, an increase of 38%, and representing 5.6 million patient visits on an annualized run-rate basis.

The company raised its annual revenue guidance to $970 million to $990 million, from the previous $960 million to $980 million.