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Mobile-health Network Solutions - $MNDR STOCK NEWS

Welcome to our dedicated page for Mobile-health Network Solutions news (Ticker: $MNDR), a resource for investors and traders seeking the latest updates and insights on Mobile-health Network Solutions stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Mobile-health Network Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Mobile-health Network Solutions's position in the market.

Rhea-AI Summary

Mobile-health Network Solutions (Nasdaq: MNDR), a leading Asia-Pacific telehealth provider, reported a significant revenue increase of approximately 120% for the first six months of fiscal 2024 (H1FY24), reaching $6.6 million, up from $3.0 million in the same period of fiscal 2023 (H1FY23).

This growth was driven by a 101% increase in telemedicine consultations, reaching 731,000 compared to 363,000 during H1FY23, boosted by higher adoption rates and a larger market share.

The company's gross profit surged by 218% to $1.2 million, with a notable improvement in gross profit margin from 12.7% to 18.2%. However, increased operational expenses led to a rise in net loss by $171,634.

Cash and cash equivalents rose slightly to $2.5 million as of December 31, 2023, up from $2.2 million as of June 30, 2023.

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-6.74%
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Rhea-AI Summary

Mobile-health Network Solutions (MNDR) has expanded its services to Malaysia by establishing a subsidiary in the country. This strategic move aims to deliver accessible and affordable healthcare services in Southeast Asia, positioning MNDR as a leader in telemedicine solutions across the region. The expansion allows the company to offer tailored services to meet Malaysia's unique healthcare needs, addressing the rising chronic diseases like diabetes and hypertension. MNDR's telemedicine platform provides convenient access to qualified doctors, medication management, and chronic disease education, ultimately contributing to a healthier population in Southeast Asia.

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7.86%
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Rhea-AI Summary

Mobile-health Network Solutions (MNDR) addresses recent market fluctuations in share price with a commitment to long-term growth strategy. The company is expanding operations to Indonesia, recognized as #41 fastest growing company in APAC by Financial Times. Launching ManaPharma Pharmacy to diversify and strengthen position in healthcare sector. Revenue projected to double in the first half of 2024 compared to 2023, emphasizing effective strategic initiatives. MNDR remains transparent, committed to open communication with stakeholders, and confident in business fundamentals.

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-24.48%
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Mobile-health Network Solutions (MNDR) announced the opening of ManaPharma Pharmacy in Singapore, offering a wide range of skin and beauty care products, prescription, and over-the-counter medicines. The pharmacy provides personalized service, skin analysis using advanced technology, and expert guidance on medication usage. Located at a central spot, ManaPharma Pharmacy aims to be the go-to destination for a premium pharmacy experience.

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1.44%
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Mobile-health Network Solutions (MNDR) partners with Lifepack to enhance healthcare accessibility in Indonesia through teleconsultations. Approximately 2,000 Indonesian physicians will be trained to provide remote patient care. The partnership allows patients to access teleconsultations and prescriptions through MaNaDr's platform, with prescriptions fulfilled by Lifepack. The program aims to start in May 2024 and roll out fully in Q4 2024, expecting to generate significant revenue over the years.
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-3.56%
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Rhea-AI Summary
Mobile-health Network Solutions (MNDR) expects revenue growth in the first half of 2024 compared to the same period in 2023. The company, a leading APAC telehealth provider, has seen a surge in demand for its telemedicine services.
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-12.54%
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Mobile-health Network Solutions (MNDR) has been ranked number 41 in the Financial Times annual listing of 500 high-growth Asia-Pacific companies based on its impressive revenue growth. The company achieved an absolute growth rate of 1,428.5% and a compound annual growth rate of 148.2% between 2019 and 2022. MNDR recently went public on Nasdaq, raising US$9.0 million, with plans to allocate funds for product development, mergers, and acquisitions, and general corporate purposes.
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Mobile-health Network Solutions (MNDR) becomes the first APAC telehealth company to list on the US stock exchange with a successful IPO on Nasdaq. The company's impressive growth in telemedicine revenue and recognition on the Financial Times list of high-growth companies showcase its innovative approach and impact on healthcare.
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11%
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Rhea-AI Summary
Mobile-health Network Solutions, MNDR, closes its initial public offering, raising $9.0 million through the sale of 2,250,000 Class A Ordinary Shares at $4.00 per share. The shares started trading on NASDAQ under the symbol 'MNDR'. Network 1 Financial Securities, Inc. served as the book-running manager for the Offering.
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11%
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Mobile-health Network Solutions (MNDR) announces the pricing of its IPO at $4.00 per share, with expected gross proceeds of $10.35 million. The Company will trade on NASDAQ under the ticker symbol 'MNDR' starting April 10, 2024.
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Mobile-health Network Solutions

Nasdaq:MNDR

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61.20M
21.92M
United States of America