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.
Mobile-health Network Solutions (NASDAQ: MNDR) is an AI-powered digital health and telemedicine company headquartered in Singapore, operating across Southeast Asia and expanding into other regions. This news page aggregates company press releases and market updates focused on its virtual-care platform, AI technologies, partnerships, and capital markets activity.
Readers following MNDR news can expect updates on the company’s AI-driven health tools, including developments related to its proprietary Phi GPT engine, the Aiko health intelligence companion, and clinician-facing systems such as AI Checker and AI Notes. Coverage also includes announcements on the evolution of its Health Operating System, which integrates telemedicine, documentation support, and patient engagement into a unified digital health environment.
News items highlight strategic partnerships and geographic expansion, such as collaborations with healthcare providers and corporate partners in Southeast Asia, initiatives to launch AI-powered digital health services in Ghana, and corporate wellness programs delivered through alliances with organizations like Brands For Good. Articles may also detail investments and financing arrangements that support MNDR’s growth strategy, including securities purchase agreements and strategic equity subscriptions.
Investors and healthcare professionals can track regulatory and corporate actions, including reverse stock split announcements, insider share purchases disclosed via SEC filings, and updates on governance policies like the company’s amended Insider Trading Policy. In addition, MNDR’s news flow covers infrastructure moves such as its Memorandum of Understanding to acquire AI-optimized data centers in Malaysia, intended to power its AI health and technology ecosystem and support services described as Token as a Service (TaaS) and AI-Powered Healthcare Platform as a Service (APaaS).
By reviewing this news feed, users gain a consolidated view of how Mobile-health Network Solutions is deploying AI in healthcare, expanding its virtual-care footprint, and managing its capital markets presence.
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.
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