Physitrack PLC (PTRK) Q1 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Physitrack Limited.

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.499 Good morning and welcome to Physitrack's Q2 2024 results webcast. 00:00:05.499 -- 00:00:09.625 I am Henrik Molin and I am the CEO and co-founder of Physitrack. 00:00:09.625 -- 00:00:14.812 I'm your host for this morning and I'm joined by the ever so illustrious Charlotte 00:00:14.812 -- 00:00:18.477 Goodwin, Physitrack's CFO. Let's 00:00:18.477 -- 00:00:23.585 kick this off. We will walk you through the quarter in short 00:00:23.585 -- 00:00:28.837 and then we'll have the business updates from the two different divisions and 00:00:28.837 -- 00:00:34.026 We'll have a little deep dive into the financial results with Charlotte, and 00:00:34.026 -- 00:00:38.313 then we'll revisit strategy and outlook, and we'll open up for Q&A. 00:00:38.313 -- 00:00:43.481 Use the Q&A function at the bottom of the screen and tap away, 00:00:43.481 -- 00:00:45.564 and we'll answer your questions when we get to that section. 00:00:45.564 -- 00:00:49.150 Let's kick things off. So the quarter is short. 00:00:49.150 -- 00:00:54.132 Well, you've seen the numbers. It's been a challenging financial environment for us. 00:00:54.132 -- 00:00:59.137 because of our expansion ambitions and combined with a slight contraction 00:00:59.137 -- 00:01:04.222 for wellness. But we managed to mitigate through, and we have maintained 00:01:04.222 -- 00:01:08.687 positive growth. You see that on the left, 5% quality revenue growth compared to last 00:01:08.687 -- 00:01:14.032 year. And notably, the second box, 21% subscription revenue growth 00:01:14.032 -- 00:01:18.374 compared to last year. The team 00:01:18.577 -- 00:01:22.689 has been super hard at work. in this environment, and we've had some significant people 00:01:22.689 -- 00:01:26.655 expansion, as you might have se...