Mobile-health Network Solutions Announces H1 FY2025 Results; Continues on Drive Towards Scale and Profitability

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[{"type":"text","content":"Singapore, Singapore--(Newsfile Corp. - June 16, 2025) - Mobile-health Network Solutions (Nasdaq: MNDR) ("MNDR" or "the Company"), a leading MedTech innovator ranked among Asia-Pacific's high-growth companies, today announced financial results for the first six months of its fiscal year 2025 ("H1 FY2025").","length":342,"tagName":"p"},{"type":"text","content":"H1 FY2025 performance: Short-term impact from transition to leaner, stronger model","length":82,"tagName":"p"},{"type":"text","content":"For the period ended December 31, 2024, the company reported:","length":61,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of US$4.3 million, compared to US$6.6 million for the same prior period ("H1 FY2024")","length":104,"tagName":"p"}]},{"val":[{"type":"text","content":"Net earnings of US$(1.7 million), compared to US$(1.5 million) in H1 FY2024","length":75,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash and cash equivalents were at US$2.6 million, compared to US$6.7 million in H1 FY2024","length":89,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":268,"olType":false},{"type":"text","content":"The lower revenue was mainly due to a drop in the use of MNDR's telemedicine services from the year-ago period, following the closure of its CityGate clinic in Singapore. This was slightly offset by an increase in sales of medicine and medical devices during the period.","length":274,"tagName":"p"},{"type":"text","content":"The higher net loss resulted primarily from the decline in revenue.","length":67,"tagName":"p"},{"type":"text","content":"MNDR Co-CEO, Dr Siaw Tung Yeng, said: "The closure of our CityGate clinic was an inflection point as we transform from an asset-heavy model to a more asset-light business focused on delivering a globally scalable, AI-focused virtual care platform that can be deployed anywhere in the world."","length":301,"tagName":"p"},{"type":"text","content":""We have since achieved many milestones, and are confident that our stronger, leaner core will not only enable us to reverse the short-term downtrend but set us on a more sustainable path to scale and create value for all our stakeholders. From the outset of our founding in 2016, our vision has been to deliver affordable, round-the-clock, quality care ...

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