Inspire Veterinary Partners Inc

Earnings data Q3 2023

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Earnings data Q1 2023

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Inspire Veterinary Partners, Inc. engages in the business of operating small animal general practice hospitals which serve all manner of companion pets, emphasizing canine, and feline breeds and including equine care. The firm is also involved in acquiring additional veterinary hospitals including general practice, mixed animal facilities, and critical and emergency care. The company was founded on December 2, 2020 and is headquartered in Virginia Beach, VA.

VIRGINIA BEACH, VA / ACCESSWIRE / November 13, 2024 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today reported its financial results for the third quarter and nine months ended September 30, 2024. Select Third Quarter 2024 Highlights Compared to Prior Year Period Total revenue of approximately $4.0 million, a decrease of 1.7% Services revenue of $2.9 million, an increase of 1% Product revenue of $1.1 million, a decrease of 9% G&A decreased 16% Net loss decreased 56% Total revenue of approximately $13.3 million, an increase of 3% Services revenue of approximately $9.7 million, an increase of 6% Product revenue of $3.5 million, a decrease of 4% G&A increased 11% Net loss decreased 3% Select Nine Month 2024 Highlights Compared to Prior Year Period Total revenue of approximately $13.3 million, an increase of 3% Services revenue of approximately $9.7 million, an increase of 6% Product revenue of $3.5 million, a decrease of 4% G&A increased 11% Net loss decreased 3% "Our third quarter results demonstrate the ongoing work of our dedicated teams on key initiatives to strengthen our fundamentals and accelerate the path to improved profitability," said Kimball Carr, President & Chief Executive Officer of Inspire.

Inspire Veterinary Partners Reports Third Quarter 2024 Financial Results

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New York, NY, Oct. 28, 2024 (GLOBE NEWSWIRE) --  Spartan Capital Securities, LLC, a leading investment banking firm, is pleased to announce its role as the sole placement agent in Inspire Veterinary Partners, Inc.'s (Nasdaq: IVP) $2.5 million registered direct offering of Class A common stock.

Spartan Capital Securities, LLC Serves as Sole Placement Agent in Inspire Veterinary Partners' $2.5 Million Registered Direct Offering

VIRGINIA BEACH, VA / ACCESSWIRE / October 22, 2024 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced that it has entered into a securities purchase agreement with institutional investors, providing for the purchase and sale of 10,000,000 million shares of Class A common stock in a registered direct offering, at a price per share of $0.25. The offering is expected to close on or about October 23, 2024, subject to the satisfaction of customary closing conditions.

Inspire Veterinary Partners Announces $2.5 Million Registered Direct Offering of Common Stock

VIRGINIA BEACH, VA / ACCESSWIRE / August 27, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced that it has entered into a non-binding letter of intent (the "LOI") with Vetsie.ai, an Artificial Intelligence ("AI") software platform designed to empower veterinary professionals with quick, accurate access to critical information on patient conditions, treatments, and medications, to engage in diligence and initial negotiations regarding the terms of a potential transaction whereby Inspire may Acquire Vetsie.ai in an all- stock transaction. This potential equity-only acquisition, if consummated, would be completed without the need for any operating capital infusion from Inspire into the acquired business for the first fiscal year.

Inspire Veterinary Partners Announces Non-Binding Acquisition Proposal of Vetsie.ai

VIRGINIA BEACH, VA / ACCESSWIRE / August 20, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced its plans to accelerate its growth through acquisitions of single and multi-unit providers, broadening its service offerings, and enhancing business operations and consumer engagement by implementing Artificial Intelligence (AI) tools. "The veterinary industry is a mission-driven sector in which our clinicians must navigate challenges that are physically, emotionally and financially burdensome.

Inspire Veterinary Partners Unveils Plans for New Verticals to Drive Next Phase of Growth in Veterinary Care

VIRGINIA BEACH, VA / ACCESSWIRE / August 16, 2024 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced that its board of directors has nominated Phillip Balatsos to stand for election as an independent director at its annual meeting of stockholders on October 9, 2024. Mr. Balatsos has served as the Vice President of Foreign Exchange Emerging Markets Rates Sales/Trading with XP Investments US Inc. since August 2022.

Inspire Veterinary Partners Announces Phillip Balatsos as New Independent Nominee for Election to Board of Directors

VIRGINIA BEACH, VA / ACCESSWIRE / August 14, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today reported its financial results for the second quarter and six months ended June 30, 2024. Second Quarter 2024 Revenue Highlights Compared to Prior Year Period Total revenue of approximately 4.4 million, a decrease of 2% Services revenue of $3.2 million, an increase of 1% Product revenue of $1.2 million, a decrease of 9% Six Month 2024 Revenue Highlights Compared to Prior Year Period Total revenue of approximately $9.2 million, an increase of 5% Services revenue of approximately $6.8 million, an increase of 8% Product revenue of $2.4 million, a decrease of 2% Second Quarter 2024 Compared to First Quarter 2024 Q2 2024 operating expenses down 11.8% Q2 2024 loss from operations lower by 16.4% Q2 2024 earnings (loss) per share improved by 17.6%, or $(0.70) vs.

Inspire Veterinary Partners Reports Second Quarter 2024 Financial Results

Strategy includes multiple paths for long-term growth in the economically resilient pet health and wellness marketplace Company to leverage Enterprise-wide systems and tools which were enhanced over the last six quarters New phases of growth will be aimed at existing and new verticals in the pet health sector VIRGINIA BEACH, VA / ACCESSWIRE / August 6, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced its commitment to accelerate its acquisition and growth strategy following its previously announced closing of a $6 million public offering. "We believe that we have the building blocks in place to help achieve the next phase of our acquisition strategy and do so while driving strong growth and shareholder returns," said Kimball Carr, President & Chief Executive Officer of Inspire.

Inspire Veterinary Partners Reaffirms Plans to Accelerate Acquisition and Growth Strategy Following Closing of Recent Public Offering

VIRGINIA BEACH, VA / ACCESSWIRE / July 24, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today issued a corporate update in a Letter to Shareholders from CEO & President, Kimball Carr. Dear Fellow Shareholders, I'd like to begin by expressing my upmost thanks and appreciation to all of our team members for their hard work and dedication to doing the best for pets and our stakeholders.

Inspire Veterinary Partners CEO and President Kimball Carr Provides Corporate Update in Letter to Shareholders

Inspire Veterinary (NASDAQ: IVP ) stock is falling on Thursday following the closing of a public offering for the veterinary hospital company's shares. Inspire Veterinary completed a $6 million public offering for its shares yesterday.

Why Is Inspire Veterinary (IVP) Stock Down 25% Today?

Inspire Veterinary (NASDAQ: IVP ) stock is rocketing higher on Monday alongside heavy pre-market trading of the veterinary hospital operator's shares this morning. This has more than 9.7 million shares of IVP stock changing hands as of this writing.

Why Is Inspire Veterinary (IVP) Stock Up 103% Today?

Total revenue of $4.8 million, a 13% increase compared to the prior year quarter Same store sales growth, 3% year over year Cost reduction initiatives implemented to improve cash management and accelerate path to free cash flow VIRGINIA BEACH, VA / ACCESSWIRE / May 15, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today reported its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Overview Total revenue of $4.8 million, an increase of 13% Services revenue of $3.5 million, an increase of 15% Product revenue of $1.3 million, an increase of 6% "2024 is off to a good start as we drove solid 13 percent top-line growth and believe our results highlight the broad-based growth and strong pet parent demand for our service and product offerings," said Kimball Carr, Chairman, President & Chief Executive Officer of Inspire.

Inspire Veterinary Partners Reports First Quarter 2024 Financial Results

Inspire Veterinary (NASDAQ: IVP ) stock is on the rise Thursday after the veterinary hospital operator enacted a reverse stock split for its shares yesterday. That reverse stock split saw the company consolidate 100 shares of IVP stock into a single share.

Why Is Inspire Veterinary (IVP) Stock Up 35% Today?

(This release updates the release that posted on May 6, 2024 to correct the total number of shares of Common Stock and the date the Company's board approved the reverse stock split) VIRGINIA BEACH, VA / ACCESSWIRE / May 7, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced its press release issued under the headline "Inspire Veterinary Partners Announces 1-for-100 Reverse Stock Split" on May 6, 2024, was changed to correct the total number of shares of Common Stock authorized for issuance as 100,000,000 shares. Additionally, the date the Company's board of directors approved a reverse stock split has been corrected to April 15, 2024.

CORRECTION: Inspire Veterinary Partners Announces 1-for-100 Reverse Stock Split

VIRGINIA BEACH, VA / ACCESSWIRE / May 6, 2024 / Inspire Veterinary Partners, Inc. (Nasdaq:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced that it will effect a 1-for-100 reverse stock split ("Reverse Stock Split") of its authorized and issued and outstanding shares of Class A common stock, par value $0.0001 per share ("Common Stock"). The Reverse Stock Split will become effective at 12:01am, Eastern Time, on May 8, 2024.

Inspire Veterinary Partners Announces 1-for-100 Reverse Stock Split

Full year 2023 revenue increases approximately 70% year-over-year to $16.7 million Outlook for growth in the pet health sector remains attractive with active pipeline of acquisition opportunities Implemented cost reduction initiatives to maximize operational efficiency to deliver profitable growth Major reduction of consultant fees and other discretionary expenses post IPO SG&A savings of at least $1 million expected to be fully embedded by end of 2024 VIRGINIA BEACH, VA / ACCESSWIRE / April 8, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today reported financial results for its full year ended December 31, 2023. "We are pleased to report strong year end 2023 top-line results as a newly public company with revenue growing 70 percent year-over-year, driven by acquisitions made during the past 12 months and organic revenue growth" said Kimball Carr, Chairman, President & Chief Executive Officer of Inspire.

Inspire Veterinary Partners Reports Full Year 2023 Financial Results

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VIRGINIA BEACH, VA / ACCESSWIRE / February 29, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced a new benefit for its employees with BetterHelp.com, a provider of professional, affordable, and personalized therapy in a convenient online format. Starting April 1, 2024, all Inspire employees will have access to convenient, and professional therapy online.

Inspire Veterinary Partners Announces New Employee Benefit Program With BetterHelp to Support the Wellbeing of Staff

VIRGINIA BEACH, VA / ACCESSWIRE / February 28, 2024 / Millennials and their "fur babies" are taking center stage in modern society. As millennials are increasingly delaying major life milestones like marriage, children and home buying, pets seem to be the exception.

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Modern building design, spacious treatment area, and strategically designed exam rooms allow for efficient and productive patient care VIRGINIA BEACH, VA / ACCESSWIRE / February 21, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced that its Family Pet Care animal hospital in Lakeside Town Center, Sugarland, Texas, designed to enhance customer service and improve staff support, is now open to serve the greater Houston community. With approximately 4,000 square feet, the custom-built animal hospital, centered around the needs of IVP's care team and clients, represents the first of a new model of state-of-the-art companion animal hospitals Inspire expects to replicate as it expands existing and new clinics throughout the U.S. The new hospital is thoughtfully designed to create a calming and welcoming environment for both owner and pet, and staffed with an experienced team of veterinary professionals who are part of the Inspire team and have been serving the local community for years.

Inspire Veterinary Partners Newly Built and Designed Family Pet Care Animal Hospital in Sugarland, Texas is Now Open to Serve Houston Area Pet Owners

VIRGINIA BEACH, VA / ACCESSWIRE / February 13, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced it has closed its previously announced public offering of shares of Class A common stock for gross proceeds of approximately $4.0 million, prior to deducting placement agent fees and other offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for strategic acquisitions, the engagement of external, third-party marketing and business consultants, working capital and general corporate purposes.

Inspire Veterinary Partners Announces Closing of $4.0 Million Public Offering

VIRGINIA BEACH, VA / ACCESSWIRE / February 9, 2024 / Inspire Veterinary Partners, Inc. (NASDAQ:IVP) ("Inspire" or the "Company"), an owner and provider of pet health care services throughout the U.S., today announced today the pricing of its "reasonable best efforts" public offering of shares of Class A common stock for gross proceeds of approximately $4.0 million, prior to deducting placement agent fees and other offering expenses payable by the Company. The offering is expected to close on February 13, 2024, subject to customary closing conditions.

Inspire Veterinary Partners Announces Pricing of $4.0 Million Public Offering

VIRGINIA BEACH, VA / ACCESSWIRE / January 31, 2024 / The number of U.S. homes with pets has been trending upward for decades, with more than 5 million more pets in the U.S. than before the pandemic. Beyond the pandemic-driven boom, the trends continue, driven by changing social dynamics as well as technological advancements.

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VIRGINIA BEACH, VA / ACCESSWIRE / January 25, 2024 / Inspire Veterinary Partners Inc. (NASDAQ:IVP) introduces a distinctive approach to veterinary practice ownership that is markedly different from traditional investment models. This approach, diverging from the top-down that uses short-term strategies typical in private equity, emphasizes engaged ownership and a commitment to the well-being of both pets and veterinary professionals.

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