UniDoc - Announces Filing of Amended and Restated Interim Management Discussion and Analysis
Amended and Restated Management's Discussion and Analysis
The Company has amended and restated its interim management's discussion and analysis for the six (6) month period ended September 30, 2024, to include the following clarifying disclosure:
nature of the Company's business;
recent developments;
the Company's contractual agreements; and
explanation relating to advertising cost incurred by the Company.
The amended and restated MD&A has been filed under the Company's issuer profile on SEDAR+ at www.sedarplus.ca.
On Behalf of the Board of Directors,
~Antonio Baldassarre~
Antonio Baldassarre
CEO, President & Director
UniDoc Health Corp.
About UniDoc Health Corp. (CSE:UDOC)(FRA:L7T)(OTCQB:UDOCF)
UniDoc is developing an eHealth solution which is being designed as a self-contained remote virtual clinic within a private kiosk for patients to undergo full consultations as if they were present in a physician's office. eHealth opens the doors to a large segment of the population challenged by access, experience or understanding of online computer technology. It is the Company's belief that physical accessibility is the key to its business proposition. UniDoc is dedicated to unlocking shareholder value by delivering an excellent product and sophisticated commercial network within an expedited timeframe. The UniDoc team encourages engagement, questions, and interest, so please stay in touch and invite anyone who might be interested in our story to visit our website at www.unidoctor.com and signup to receive the latest information with updates on our activities, events and progress.
For further information, please contact:
UniDoc Investor Relations
Tel: +1 778.383.6731
Email: [email protected]
Matt Chatterton, Director
Tel: +1 778.613.2082
Forward-Looking Statements
This news release contains statements and information that, to the extent that they are not historical fact, may constitute 'forward-looking information' within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as 'may', 'would', 'could', 'will', 'will be', 'likely', 'except', 'anticipate', 'believe', 'intend', 'plan', 'forecast', 'project', 'estimate', 'outlook', or the negative thereof or other similar expressions concerning matters that are not historical facts.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company's ability to secure additional financing on reasonable terms; the competitive conditions of the industries in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all; as well as all of the other risks as described in the Company's annual management discussion and analysis dated July 31, 2024 under the heading 'Risks Factors.' Accordingly, readers should not place undue reliance on any such forward-looking information.
Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company's management to predict all such factors and to assess in advance the impact of each such factor on the Company's business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
SOURCE: UniDoc Health Corp.
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Including the impact of the merger with Southern States on July 1, 2025, FB Financial Corporation has approximately $16.0 billion in total assets and operates 93 full-service bank branches across its footprint. Investors are encouraged to review this Earnings Release in conjunction with the Second Quarter 2025 Financial Supplement and Earnings Presentation posted on the Company's website, which can be found at This Earnings Release, the Second Quarter 2025 Financial Supplement and the Earnings Presentation are also included with a Current Report on Form 8-K that the Company furnished to the U.S. Securities and Exchange Commission ('SEC') on July 14, 2025. FORWARD-LOOKING STATEMENTS Certain statements contained in this Earnings Release that are not historical in nature may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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Management believes that these non-GAAP financial measures provide a greater understanding of ongoing operations and enhance comparability of results with prior periods as well as demonstrate the effects of significant non-core gains and charges in the current and prior periods. The Company's management also believes that investors find these non-GAAP financial measures useful as they assist investors in understanding the Company's underlying operating performance and in the analysis of ongoing operating trends. In addition, because intangible assets such as goodwill and the other items excluded each vary extensively from company to company, the Company believes that the presentation of this information allows investors to more easily compare the Company's results to the results of other companies. However, the non-GAAP financial measures discussed herein should not be considered in isolation or as a substitute for the most directly comparable or other financial measures calculated in accordance with GAAP. Moreover, the manner in which the Company calculates the non-GAAP financial measures discussed herein may differ from that of other companies reporting measures with similar names. Investors should understand how such other banking organizations calculate their financial measures with names similar to the non-GAAP financial measures the Company has discussed herein when comparing such non-GAAP financial measures. A reconciliation of these measures to the most directly comparable GAAP financial measures is included in the Company's Second Quarter 2025 Financial Supplement, which is available at . (Unaudited) (dollars in thousands, except share data) As of or for the Three Months Ended Jun 2025 Mar 2025 Jun 2024 Selected Balance Sheet Data Cash and cash equivalents $ 1,165,729 $ 794,706 $ 800,902 Investment securities, at fair value 1,337,565 1,580,720 1,482,379 Loans held for sale 144,212 172,770 106,875 Loans HFI 9,874,282 9,771,536 9,309,553 Allowance for credit losses on loans HFI (148,948 ) (150,531 ) (155,055 ) Total assets 13,354,238 13,136,449 12,535,169 Interest-bearing deposits (non-brokered) 8,692,848 8,623,636 8,130,704 Brokered deposits 518,719 414,428 150,113 Noninterest-bearing deposits 2,191,903 2,163,934 2,187,185 Total deposits 11,403,470 11,201,998 10,468,002 Borrowings 164,485 168,944 360,944 Allowance for credit losses on unfunded commitments 12,932 6,493 5,984 Total common shareholders' equity 1,611,130 1,601,962 1,500,502 Selected Statement of Income Data Total interest income $ 182,084 $ 179,706 $ 177,413 Total interest expense 70,669 72,065 74,798 Net interest income 111,415 107,641 102,615 Total noninterest (loss) income (34,552 ) 23,032 25,608 Total noninterest expense 81,261 79,549 75,093 (Losses) earnings before income taxes and provisions for credit losses (4,398 ) 51,124 53,130 Provisions for credit losses 5,337 2,292 2,224 Income tax (benefit) expense (12,652 ) 9,471 10,919 Net income applicable to noncontrolling interest 8 — 8 Net income applicable to FB Financial Corporation $ 2,909 $ 39,361 $ 39,979 Net interest income (tax-equivalent basis) $ 112,236 $ 108,427 $ 103,254 Adjusted net income* $ 40,821 $ 40,108 $ 39,424 Adjusted pre-tax, pre-provision net revenue* $ 58,649 $ 52,134 $ 52,369 Per Common Share Diluted net income $ 0.06 $ 0.84 $ 0.85 Adjusted diluted net income* 0.88 0.85 0.84 Book value 35.17 34.44 32.17 Tangible book value* 29.78 29.12 26.82 Weighted average number of shares outstanding - fully diluted 46,179,090 47,024,211 46,845,143 Period-end number of shares 45,807,689 46,514,547 46,642,958 Selected Ratios Return on average: Assets 0.09 % 1.21 % 1.30 % Shareholders' equity 0.74 % 10.1 % 10.9 % Tangible common equity* 0.87 % 11.9 % 13.1 % Efficiency ratio 105.7 % 60.9 % 58.6 % Core efficiency ratio (tax-equivalent basis)* 56.9 % 59.9 % 58.3 % Loans HFI to deposit ratio 86.6 % 87.2 % 88.9 % Noninterest-bearing deposits to total deposits 19.2 % 19.3 % 20.9 % Net interest margin (tax-equivalent basis) 3.68 % 3.55 % 3.57 % Yield on interest-earning assets 5.99 % 5.91 % 6.16 % Cost of interest-bearing liabilities 3.13 % 3.16 % 3.56 % Cost of total deposits 2.48 % 2.54 % 2.77 % Credit Quality Ratios Allowance for credit losses on loans HFI as a percentage of loans HFI 1.51 % 1.54 % 1.67 % Annualized net charge-offs as a percentage of average loans HFI 0.02 % 0.14 % 0.02 % Nonperforming loans HFI as a percentage of loans HFI 0.97 % 0.79 % 0.79 % Nonperforming assets as a percentage of total assets 0.92 % 0.84 % 0.81 % Preliminary Capital Ratios (consolidated) Total common shareholders' equity to assets 12.1 % 12.2 % 12.0 % Tangible common equity to tangible assets* 10.4 % 10.5 % 10.2 % Tier 1 leverage 11.3 % 11.4 % 11.7 % Tier 1 risk-based capital 12.6 % 13.1 % 13.0 % Total risk-based capital 14.7 % 15.2 % 15.1 % Common equity Tier 1 12.3 % 12.8 % 12.7 % *Non-GAAP financial measure; A reconciliation of non-GAAP measures to the most directly comparable GAAP measure is included in the Company's Second Quarter 2025 Financial Supplement. 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