Physitrack PLC (PTRK) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone. And should I say, willkommen, bienvenue, welcome to PhysioTrack's Q3 2024 results webcast. I'm Henrik Molin, the CEO and co-founder of the PhysioTrack group. And I'm here with our immensely talented CFO, Charlie Corwin. Today, we're going to walk you through the highlights of the third quarter. We're going to touch on the key business updates from the two divisions. We'll discuss the details of our financial performance with Charlotte guiding us through the financial jungle as usual in depth and we will take a little outlook for the quarters ahead. Afterwards, we're going to revisit our strategy and give you a clear view of our focus areas as we approach year end. Following these updates, we open up the sessions for Q&A. So to ask questions, please use the chat function located at the bottom of your Zoom screen. So with that, let's dive in and get started. So to give you an overview of the group for the quarter as it stands, We're continuing to see contrasting performances in life care wellness. For the quarter, we recorded a negative cash flow of 400,000 euros operating at a loss of 200,000 euros on a group level. Our wellness segment, specifically Champion Health, the software provider, has been the primary contributor to this cash flow shortfall with sales not reaching the levels that we had anticipated for the quarter. I'll go into more details on this shortly, but let's start with a high level summary. So on a positive note, our subscription revenue has shown strong growth. It's up 19% compared to the same period in 2023. So this aligns well with our strategic focus on establishing repeatable high margin sticky revenue streams. As a result, subscriptions now account for 82% of our revenue in Q3 2024, a significant increase from 72% in Q...