Alcidion Reports Record Cash Receipts in Q4 FY24

Alcidion Group Limited (AU:ALC) has released an update.

Alcidion Group Limited reports a strong finish to FY24 with a record $18.6M in quarterly cash receipts and a positive operating cashflow of $5.6M in Q4, bolstered by cost-saving initiatives and new sales totaling $35.3M. The company’s unaudited revenue is expected to be between $37.0M and $37.5M, with a significant portion being recurring revenue. Notably, Alcidion was chosen as the preferred Electronic Patient Record supplier by North Cumbria Integrated Care NHS Foundation Trust, and established a new partnership with Hume Rural Health Alliance, marking strategic advances in their healthcare technology offerings.

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