Global Health focused on delivering sustainable revenues
July 25, 2023 at 10:41 am EDT
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Global Health Ltd (ASX:GLH) group managing director Mathew Cherian talks Proactive through the company’s June quarterly highlights. He says the period was marked by the group’s Australian operations returning to positive cashflow, Global Health delivering strong customer revenues and doubling operating profits.
“We are very proud of our achievements over the June 2023 quarter – both from a financial and operational perspective,” Cherian said in the quarterly note.
“Group EBITDA, pre-R&D expenses, more than doubled in the quarter, while the Group’s Australian operations were cash flow positive both in the latest quarter and the June 2023 half year. Global Health’s focus on delivering sustainable revenues is also bearing fruit, with a good double-digit uplift in annual recurring revenues in the current financial year over the previous year.
“Operationally, we successfully completed or progressed several important system implementations in the June 2023 quarter, while a key new contract was executed. At the same time, we have also laid the groundwork for future growth, with our replatformed Allied Health and Medical Specialists SaaS products set to be released by December 2023.”
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Proactive Investors
Jonathan Jackson
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Copyright (c) 2023 TheNewswire - All rights reserved., source Press Releases
Global Health Limited is an Australia-based company that provides digital health solutions to the Australian Healthcare Industry. The Company helps the delivery of healthcare services and provide better health outcomes, and its software targets organizations that provide healthcare services to people living with chronic conditions, such as mental health illness, diabetes, and cardiovascular disease. It offers a range of bespoke software and software-as-a-service (SaaS) solutions helping health businesses to be efficient and deliver patient care. These include electronic medical records for health delivery organizations, client management systems for community health, patient administration systems for hospitals, practice management systems, secure messaging for connected care, patient engagement platforms and consumer health records. The Company's brands include MasterCare, MasterCare+, PrimaryClinic, ReferralNet, HotHealth and Lifecard.
GLOBAL HEALTH LIMITED 
