MedAdvisor Achieves Profitability and Plans Expansion

MedAdvisor Limited (AU:MDR) has released an update.

MedAdvisor Solutions reported a strong financial performance with a 24.6% increase in revenue to $122.1 million, achieving its first EBITDA and NPAT profits of $7.0 million and $0.8 million, respectively. The company’s success was driven by its expansion in the U.S. and Australia/New Zealand markets, with the THRiV platform revenue growing sevenfold. Looking forward, MedAdvisor is focused on its Transformation 360 initiative and 5-year Strategic Plan targeting significant revenue growth and improved EBITDA margins by FY28.

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