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G Medical Innovations Holdings Ltd. reported a 45.5% increase in revenue for H1 2021, totaling $2,925,000, driven by recovering demand for patient monitoring services. The net loss decreased by 39.3% to ($4,771,000) or ($0.51) per share. Strong liquidity was highlighted with $13,380,000 in cash, bolstered by a recent IPO raising $15.0 million. The company is expanding its salesforce, targeting the U.S. market, and expects continued growth through enhanced telehealth services.
G Medical Innovations Holdings Ltd. (NASDAQ: GMVD) announced plans to release its half-year financial results for the period ending June 30, 2021, on September 15, 2021. The company specializes in telehealth, medical devices, and remote patient monitoring, focusing on next-generation mHealth solutions. Their key products include the Prizma medical device and the Extended Holter Patch System, aimed at enhancing health monitoring for patients with cardiovascular and pulmonary diseases. For more details, visit gmedinnovations.com.
