Physitrack PLC (PTRK) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everybody and welcome to Physitrack's Q2 2026 results webcast. I'm Henrik Molin, I'm the CEO and founder of Physitrack and I'm joined today by our CFO Matt Halter. All right, let's get to it. We will give you a little snapshot of what worked and what worked less well as a start of it. And then we'll look at the two business divisions. Matt will take you through the financials in more detail. We'll also cover the share buyback. We're going to wrap up with strategy and outlook, and then we'll move into Q&A. And as usual, submit questions at any time using the Q&A function at the bottom of your Zoom panel down there. Now, let's go. Right, Q2 snapshot. Some interesting developments. Revenue was up 8% year-on-year, 6% quarter-on-quarter. Compared to Q4 2025, we're up 10%. revenue reached 3.4 million euros and 96 percent of that revenue comes from subscriptions and that is as you know the gold standard and what we do in software your predictable recurring revenue flows and that's almost all of what our business is built on Life care revenue was up 11% year on year to 3.1 million euros. Life care ARPL, which is the average revenue per license, increased 10% to 189 euros per year. That's important because we're increasing the value of every customer relationship and we're adjusting pricing accordingly, which is great. Wellness continues to move towards profitability. Adjusted EBITDA was 170,000 euros. Profits after tax from continuing operations came in at 49,000 euros. there are also some really important milestones during the quarter the biggest one was in the US we launched RTM we now have our first paying customers live and the active leads that we're pursuing here are closing in on a hundred of a customer base of about six thousand paying customers in the US and o...