Revenues during the first nine months of fiscal 2022 grew 126.5% year-over-year to $2.3 million due primarily to the continued post-acquisition growth of Mindspace and the acquisition of NCT. Loss was $7.0 million for Q3 2022, compared to a loss of $4.8 million in Q3 2021, due in part to corporate development and legal expenses related to the acquisition of Novamind Inc.Ĭash balance of $41.8 million as of May 31, 2022. Gross profit of $180,845 in Q3 2022, a significant improvement compared to the gross loss of $15,497 in Q3 2021. The improvement in gross margin is due mostly to the completion of acquisitions between periods, and the offering of higher-margin services.
Gross margin grew to 24.4% during Q3 2022, compared to -2.8% in Q3 2021. The elimination of this revenue stream was partially offset by 7.5% revenue growth achieved through Numinus' clinic network operations. Sequentially, revenues declined by 5.7% from the prior quarter, due entirely to shifting strategic priorities at Numinus Bioscience – where analytical testing services for third-party corporate clients has ceased due to changing sector dynamics. Revenues grew 31.8% year-over-year to $741,064 million in Q3 2022, due primarily to the acquisitions of Mindspace and the Neurology Centre of Toronto. "We look forward to sharing our combined performance with you when we announce our fiscal fourth quarter results – which will be the first quarter demonstrating the power of our larger, cross-border platform." We're very pleased with how our operations are integrating and with the collaborative efforts we are already seeing across our new expanded team," said Payton Nyquvest, Founder and CEO. Now, with 13 wellness clinics across North America, four clinical research sites and a dedicated psychedelics research facility, Numinus is firmly positioned as a leading mental health care company providing psychedelic-assisted therapies. "Our fiscal third quarter was highlighted by the announcement of our acquisition of Novamind, and the activities leading up to the completion of that strategic transaction on June 10, 2022. Q3 2022 results do not reflect contributions from the acquisition of Novamind, which completed subsequent to quarter end, on June 10, 2022. ("Numinus" or the "Company") (TSX: NUMI) (OTCQX: NUMIF), a mental health care company advancing innovative treatments and safe, evidence-based psychedelic-assisted therapies, today announced its fiscal quarter results for the three and nine months ended ("Q3 2022"). VANCOUVER, BC, J/CNW/ - Numinus Wellness Inc. You easily get acquainted with available features due to the intuitive design, making it overall an application worthy of at least a try.All financial results are reported in Canadian dollars unless otherwise stated. In conclusionĪll in all, NovaMind is a practical application with the help of which you are able to spread your thoughts on a good looking canvas, manage tasks or even create business presentations. When work is done, the newly created mind map can be directly printed out on a sheet of paper, or saved to various file formats, such as DOC types, PNG and PDF. You are able to set a completion percentage meter, which is displayed near the topic. Topics can be equipped with as many subtopics as you see fit, with the possibility to add a callout or even have them grouped withing boundaries.įurthermore, these can be used as a clever way to organize tasks. With the help of integrated tools, any element can be precisely placed by dragging it around the workspace, resized and be set to a color of your choice. The application lets you choose from several available templates right from the start, to give you a glimpse of what can be accomplished.
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Create unique mind maps with full customization options
The workspace put at your disposal is generous, allowing you to both create an in-depth map and get a clear overview. This is not necessarily bad, because it lets you quickly accommodate and start planning as soon as possible.Īvailable features are stored in tabs, with options emphasized by large icons. Running the application brings up a pretty familiar interface, resembling your common office suite. With the help of specialized applications like NovaMind this can easily be done in an intuitive interface and using various tools. Writing down your thoughts on a sheet of paper can not only make you feel a little better, but can also provide material for a presentation or simply to cleverly organize your time and mind.
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