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MedAdvisor AGM CEO Presentation

  • Published October 27, 2016 12:24PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

26th October 2016, ASX Announcement

FY16 Results Overview

  • Total revenue of $1.76m, representing a 24% increase on FY15 on a normalised basis
    – Normalised basis excludes a final license fee payment of $500,000 from FY15 revenue of $1.9 million
  • Revenue from pharmacy subscriptions and patient engagement programs (PEP) up 24% to $1.43 million
    – Additional revenue streams expected to go live during FY17
  • Gross profit of $925k, up 133% on FY15
  • Gross margin from pharmacy subscriptions increased to 71%, from 43% in the prior corresponding period
  • Net loss of $3.07 million due to increased costs and investments in expanding marketing and sales initiatives for further expansion in FY17

To view the full announcement, please click on the button below.

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