Curated News
By: NewsRamp Editorial Staff
October 23, 2024
MaNaDr Reports 77% Revenue Increase for Fiscal Year 2024
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- MaNaDr's fiscal year 2024 revenue increased by 77 percent, positioning the company for a competitive advantage in the telehealth industry.
- The $6.1 million revenue improvement was driven by a 70 percent increase in telemedicine cases, leading to a gross profit margin increase.
- MaNaDr's growth in providing affordable, quality telehealth services is making the world a better place by offering near-instantaneous access to medical specialists.
- MaNaDr's unique telehealth platform allows global access to virtual clinics and personalized medical attention, revolutionizing the healthcare industry.
Impact - Why it Matters
This news matters as it provides insights into the financial performance of a leading Asia-Pacific telehealth provider, showing significant revenue growth and increased telemedicine cases. Investors, stakeholders, and the healthcare industry can gain valuable information about MaNaDr's financial outlook and strategic plans for future growth.
Summary
Mobile-health Network Solutions (MaNaDr) reported a significant revenue increase of 77% for fiscal year 2024, reaching $14.0 million. This growth was driven by a 70% rise in telemedicine cases, resulting in a gross profit increase of 132% to $2.5 million. However, total operating expenses surged by 316%, leading to a net loss of $15.6 million. Despite this, MaNaDr's co-CEOs remain optimistic about fiscal 2025, expecting a decline in non-cash expenses and a boost in the bottom line.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, MaNaDr Reports 77% Revenue Increase for Fiscal Year 2024
