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 (MNDR) is a leading provider of telehealth solutions, leveraging technology to deliver quality healthcare services. The company operates primarily through its proprietary MaNaDr platform, which is designed and created by doctors for both medical professionals and patients. Accessible via a mobile application and website, MaNaDr facilitates patient consultations, telemedicine services, and the sale of medicines and medical devices.
Founded with a mission to bring healthcare to the fingertips of users, Mobile-health Network Solutions has achieved significant milestones in the telehealth industry. The platform’s efficiency is highlighted by key metrics such as the number of patient consultations per day and the high ranking of its mobile application among users and healthcare professionals alike.
Revenue Streams:
- Telemedicine Services
- Sale of Medicines
- Sale of Medical Devices
The company is known for its innovative approach to healthcare, making it possible for patients to access medical consultations from the comfort of their homes. This approach has not only improved patient satisfaction but also reduced the burden on traditional healthcare facilities.
In recent developments, Mobile-health Network Solutions has formed several strategic partnerships aimed at expanding its service offerings and market reach. These collaborations are set to enhance the capability and performance of the MaNaDr platform, making it a more robust solution for users worldwide.
Financially, the company has shown steady growth, driven by increasing demand for telehealth services and a strong pipeline of upcoming projects. The company’s financial health is underpinned by a diverse revenue model and prudent financial management.
For more detailed information and the latest updates, investors and stakeholders are encouraged to contact the company’s investor relations team:
Mobile-health Network Solutions Investor Relations Contact:
2 Venture Drive, #07-06/07 Vision Exchange
Singapore 608526
(+65) 6222 5223
Email: investors@manadr.com
For media inquiries, please contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, New York 10036
Office: (646) 893-5835
Email: info@skylineccg.com
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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