Physitrack PLC (PTRK) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Physitrack's Q2 2024 results webcast. I am Henrik Molin and I am the CEO and co-founder of Physitrack. I'm your host for this morning and I'm joined by the ever so illustrious Charlotte Goodwin, Physitrack's CFO. Let's kick this off. We will walk you through the quarter in short and then we'll have the business updates from the two different divisions and We'll have a little deep dive into the financial results with Charlotte, and then we'll revisit strategy and outlook, and we'll open up for Q&A. Use the Q&A function at the bottom of the screen and tap away, and we'll answer your questions when we get to that section. Let's kick things off. So the quarter is short. Well, you've seen the numbers. It's been a challenging financial environment for us. because of our expansion ambitions and combined with a slight contraction for wellness. But we managed to mitigate through, and we have maintained positive growth. You see that on the left, 5% quality revenue growth compared to last year. And notably, the second box, 21% subscription revenue growth compared to last year. The team has been super hard at work. in this environment, and we've had some significant people expansion, as you might have seen from the multiple recruitment ads out there. And this has been notable in product, in marketing, and in sales. We've had some very, very smart people join the group that a couple of years ago we couldn't dream of working with, and this has been really amazing. It has cost us money in terms of investments, but it's led to a number of really exciting innovations and product launches. You saw the next clip there in the intro. This is super exciting. I'll talk a bit more about that in a moment. We are in the final stages of development of the FizzTrack ...