CareSpan Health (TSE:CSPN) has released an update.
CareSpan Health, a digital healthcare company, reported a revenue drop to $2.52 million in 2023, down from $4.54 million in 2022, attributing the decline to a strategic shift towards higher-margin business contracts. Operating expenses also fell to $4.6 million from $8.17 million, reflecting the company’s move to reduce costs and focus on more profitable SaaS offerings, particularly targeting U.S. military veterans. Trading of CareSpan’s common shares is set to resume on July 10, 2024, following the submission of required financial filings.
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