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# Financial Performance of Jack Nathan Health

## Revenue Growth
– Revenue of $19.1 million for the year ended January 31, 2024, compared to $15.5 million in the previous year, indicating a 24% overall growth in revenue.
– The Company expanded to **245 locations globally** (185 corporately owned and operated).

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## Management Insights
In a statement, Dr. Glenn Copeland, Chairman and CEO of Jack Nathan Health, highlighted the strong partnership with Walmart, resulting in a 24% increase in revenue year over year. The company foresees continued growth as new clinics reach maturity.

Further, Marcy Herriman, the Chief Operating Officer, emphasized the successful opening of 9 new state-of-the-art clinics in Canada in fiscal 2024. The focus moving forward will be on expanding the company’s presence in the Canadian medical space.

Moreover, Laura Camacho, Managing Director of JNH Mexico, reported significant growth in Mexico with a 23% increase in clinic footprint, 78% rise in revenues, and 155% surge in net income. The Company plans to further enhance healthcare access by opening more clinics in the upcoming fiscal year.

## Financial Highlights
– For the year ended January 31, 2024, total revenues stood at $19,144,923, a substantial increase from the previous year.
– Clinic operations revenues accounted for a significant portion of the total revenues, with plans to further grow this segment.

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## Balance Sheet and Share Information
– Cash reserves increased to $3.07 million, total assets reached $11.19 million, and total liabilities stood at $17.13 million as of January 31, 2024.
– The Company had 87,099,159 common shares outstanding as of the same date, along with stock options, RSUs, and DSUs.
– An outstanding secured convertible debenture with Wal-Mart Canada Corp. provides additional financing options for the Company.

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*For the complete audited financial statements and additional information, please refer to the official sources provided in the press release.*

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