Mobile-health Network Solutions Class A (MNDR) has released an update.
Mobile-health Network Solutions, a leading telehealth provider in the Asia-Pacific region, reported a 120% surge in revenue to $6.6 million for the first half of fiscal 2024, driven by a doubling of telemedicine consults. Despite the revenue increase, the company faced a slightly higher net loss of $1.5 million due to costs associated with expansion, such as hiring additional staff and IT expenses. These financial results come ahead of the company’s strategic partnerships and new ventures following their recent IPO, positioning them for potential future growth in the telehealth market.
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