$Mobile-health Network Solutions (MNDR.US)$ NEWS: EARNINGS R...
NEWS: EARNINGS RECAP
Mobile-health Network Solutions H1 2024 ▪️Revenue $6.6M Up From $3M YoY; ▪️Expanded Its Headcount And Expenses To Meet Increased Operational Demand And Explore New Market Opportunities, Resulting In An Increase In Net Loss Of $171,634;
▪️Cash And Cash Equivalents At December 31, 2023 Was ~$2.5M
▪️Gross profit increased by approximately $0.8 million, or 218% to $1.2 million during H1FY24, mainly due to the 120% increase in revenue and the increase in gross profit margin from 12.7% during H1FY23 to 18.2% during H1FY24.
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