Mobile-health Network Solutions - MNDR STOCK NEWS

Mobile-health Network Solutions (NASDAQ: MNDR) announced a significant update to its cloud-based MaNaDr AI-Powered Health Operating System (MHOS). The new features improve clinic efficiency and patient care with streamlined electronic health records (EHR) and customizable medical templates. MHOS is fully compliant with Singapore's National Electronic Health Record standards, ensuring secure data exchange.

This update aims to scale MNDR's global reach through a SaaS or white-label licensing model, generating recurring revenue and positioning the company for growth in the healthcare IT market. The AI-powered system enables better care coordination, population health analysis, and advanced AI training to improve disease diagnosis and treatment recommendations.

MNDR's update to MHOS supports an integrated telehealth platform, enhancing the overall healthcare ecosystem and fostering informed decision-making by clinicians. The company aims to revolutionize healthcare delivery, optimizing resource allocation and improving patient outcomes.

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.

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.

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.

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.

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.

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.

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.

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.