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0.304667401690555 0.477398015435501 0.63561190738699 0.74696802646086 0.644615950018375 0.741087835354649 0.635428151414921 0.488423373759647
Stock impact report

Mobile-health Network Solutions Reports 77 Percent Revenue Increase for Fiscal Year 2024

Mobile-health Network Solutions - Class A Ordinary Shares (MNDR) 
Company Research Source: GlobeNewswire
SINGAPORE, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Mobile-health Network Solutions (Nasdaq: MNDR) (“MaNaDr” or “the Company”), a leading Asia-Pacific telehealth provider, today announced that for the fiscal year 2024 ended June 30, 2024, the Company had revenue of $14.0 million, a $6.1 million, or 77 percent, improvement on revenue of $7.9 million for fiscal 2023. This improvement was due to increased revenue of $6.0 million contributed by the Company’s telemedicine and other services segment, and $0.1 million by MNDR’s sale of medicine and medical devices segment. Cost of revenue increased by $4.7 million, or 69 percent, in fiscal 2024, mainly due to a 70 percent increase in the number of telemedicine cases compared to fiscal 2023. Cash used in operating activities in fiscal 2024 was $6.4 million as compared to $2.2 million in fiscal 2023. The Company’s gross profit increased by $1.4 million, or 132 percent, to $2.5 million during FY 2024, mainly due to the 77 percent y Show less Read more
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