Workflow
Mobile-health Network Solutions(MNDR)
icon
Search documents
Mobile-health Network Solutions(MNDR) - 2025 Q4 - Annual Report
2025-10-31 13:29
Financial Position - As of June 30, 2025, total accounts receivable amounted to US$108,999, a decrease of 1% from US$111,066 in 2024, with an allowance for expected credit loss of US$134,958[727] - Total inventories, net as of June 30, 2025, decreased by 36.6% to US$103,914 from US$163,993 in 2024, with a significant reversal of stock obsolescence allowance by US$21,172[728] - The Company reported a total of US$377,291 in other current assets as of June 30, 2025, an increase from US$222,737 in 2024, driven by a rise in other receivables to US$205,910[729] - Property and equipment net book value as of June 30, 2025, was US$138,421, down from US$216,047 in 2024, with depreciation expenses increasing to US$140,766 from US$96,963[732] - Intangible assets net book value as of June 30, 2025, was US$2,360,937, reflecting an addition of US$2,373,237 in development costs[733] - Total reportable assets as of June 30, 2025, were US$4,447,950, a decrease from US$7,950,615 in 2024, representing a decline of 44.4%[768] Liabilities and Equity - Accruals and other payables totaled US$563,530 as of June 30, 2025, a decrease from US$1,078,094 in 2024, primarily due to a reduction in staff salaries accruals[742] - As of June 30, 2025, the Company had lease liabilities of US$168,948, down from US$376,010 in 2024, reflecting a reduction in operating lease commitments[740] - The Company recognized operating lease costs of US$279,192 for the year ended June 30, 2025, compared to US$195,674 in 2024, with a weighted average remaining lease term of 0.55 years[741] - The Company issued a total of 24,900 Class A Ordinary Shares at US$94 per share, raising US$1,724,073 from August 2023 to January 2024[746] - The Company entered into a standby equity subscription agreement on February 14, 2025, allowing for the issuance of up to US$10 million in Class A Ordinary Shares over 36 months[755] - As of June 30, 2025, the Company had issued a total of 156,128 Class A Ordinary Shares, raising gross proceeds of US$984,053 through the Subscription Agreement[760] Revenue and Profitability - Total revenue for the year ended June 30, 2025, was US$7,646,739, a decrease of 45.1% from US$13,968,535 in 2024[766] - Telemedicine and other services generated revenue of US$6,800,287 in 2025, down from US$12,857,688 in 2024, representing a decline of 47.2%[768] - The net loss for the year ended June 30, 2025, was US$3,383,806, compared to a net loss of US$15,602,792 in 2024, indicating a reduction in losses by 78.3%[793] - Gross profit for the telemedicine segment was US$1,169,734 in 2025, down from US$2,369,921 in 2024, reflecting a decrease of 50.7%[768] - Employee welfare benefits expenses totaled US$1,569,769 in 2025, significantly lower than US$4,045,692 in 2024, marking a decrease of 61.1%[769] - The Company recognized share-based compensation of US$414,051 in 2025, a substantial decrease from US$9,119,764 in 2024[780] Shareholder Actions - On February 19, 2024, the Company completed a share subdivision, increasing the number of Class A Ordinary Shares from 78,687 to 491,794 and Class B Ordinary Shares from 48,313 to 301,956[748] - The initial public offering on April 12, 2024, resulted in the issuance of 64,688 Class A Ordinary Shares at a price of US$160.00 each[750] - On April 19, 2024, the Underwriter exercised warrants, resulting in the issuance of 3,855 Class A Ordinary Shares[751] - A share consolidation was approved on February 3, 2025, combining every eight existing Class A and Class B Ordinary Shares into one[752] - Following the share consolidation on February 28, 2025, the number of outstanding Class A Ordinary Shares was reduced from 22,816,212 to approximately 2,852,027[753] - The Company began trading on the Nasdaq under the symbol "MNDR" on March 10, 2025, after the share consolidation[754] Risk Management - The company has designed credit policies to minimize exposure to credit risk, with accounts receivable being short-term in nature[590] - The company’s operations are exposed to foreign exchange rate fluctuations, particularly between SGD and the U.S. dollar[595] - The company has not experienced any losses in its bank accounts and believes it is not exposed to significant risks related to cash held in banks[590] - As of June 30, 2025, no single customer represented more than 10% of the company's total accounts receivable, indicating a diversified customer base[591] Other Information - The estimated future amortization expenses for definite-lived intangible assets are projected to total US$2,360,937 over the next several years, with US$130,373 expected in 2026[735] - The effective tax rate for the Company remained at 0.0% for the years ended June 30, 2025, 2024, and 2023, due to continuous net operating losses[778] - The Company granted a total of 66,404 restricted shares in June 2025, with a fair value of US$6.10 per share[789] - The company has entered into lease agreements for office premises in Singapore and Vietnam, with a total monthly lease fee of approximately $21,000[794] - The company has a sales agreement allowing it to sell up to $300,000,000 of Class A ordinary shares through an agent, with a 3.0% compensation on gross proceeds[795] - The company issued 22,485 Class A ordinary shares for $200,000 and agreed to issue an additional 100,000 shares at $9.00 per share for $900,000 as part of an acquisition strategy[796] - A 1-for-5 reverse stock split was approved, resulting in the authorized share capital remaining at $50,000, divided into 312,500,000 ordinary shares[798] - The company has not disclosed any material subsequent events that require further disclosure in its consolidated financial statements[797]
Mobile-health Network Solutions and Brands For Good Unite to Champion Corporate Wellness and Doing Good
Newsfile· 2025-10-16 12:30
Core Insights - Mobile-health Network Solutions (MNDR) has formed a strategic partnership with Brands For Good Ltd (BFG) to enhance corporate wellness initiatives and promote social responsibility [1][2][4] - The partnership will provide BFG member companies with access to various healthcare services, including telemedicine, vaccinations, and health screenings, aimed at improving employee wellbeing [2][4] - MNDR's mission is to make healthcare accessible and affordable, aligning with BFG's commitment to recognizing businesses that contribute positively to their communities [3][4] Company Overview - Mobile-health Network Solutions is an AI-powered digital health platform based in Singapore, with operations expanding into the US and Southeast Asia [7] - The company offers telemedicine, AI-driven health tools, and virtual clinic infrastructure to enhance healthcare accessibility [7] Brands For Good Overview - Brands For Good Ltd is a non-profit organization focused on supporting companies that prioritize purpose and social impact in their business practices [8] - BFG nurtures a community of leaders who emphasize sustainability and ethical leadership, promoting responsible business as a catalyst for positive change [8]
Mobile-health Network Solutions Unveils Proprietary Phi GPT, AI-Powered Health Companion
Newsfile· 2025-09-30 13:31
Core Insights - Mobile-health Network Solutions (MNDR) has launched Phi GPT, an AI engine designed for clinical care pathways, integrated into its Health Operating System (HOS) [1][4] - The AI companion, Aiko, operates within MNDR's ecosystem, minimizing reliance on third-party AI and ensuring patient data privacy [2][3] - Aiko provides personalized, empathetic guidance to users, with early feedback indicating high user satisfaction regarding its human-like interactions and simple interface [5] Market Opportunity - MNDR aims to simplify healthcare delivery, offering a fully integrated system that includes telemedicine, diagnostics, and IoT care, targeting Southeast Asia and beyond [6] - The global digital health market is projected to exceed $660 billion by 2025, with the AI in healthcare market expected to reach over $40 billion, growing at a CAGR of more than 35% [8] - Key monetization pathways include teleconsults, chronic care subscriptions, and selective B2B licensing, with a focus on primary care in Southeast Asia and the United States [8]
Recent Market Activity Highlights
Financial Modeling Prep· 2025-09-25 22:00
Company Highlights - Thayer Ventures Acquisition Corporation (NASDAQ:TVACW) experienced a significant price increase of 296.48%, reaching $1.14, with a trading volume of 2,314,094, indicating strong interest in its strategic mergers and acquisitions [1][5] - PepGen Inc. (NASDAQ:PEPG) saw a 118.42% rise to $5.81, driven by advancements in its lead product candidate, PGN-EDO51, for Duchenne muscular dystrophy, with trading volume surging to 53.04 million, well above the average of 943.2 thousand [2] - Cycurion, Inc. (NASDAQ:CYCU) rose by 57.52% to $0.45, supported by its focus on AI-driven analytics and real-time monitoring for cybersecurity, with a substantial trading volume of 137,915,981 [3] - Pop Culture Group Co., Ltd (NASDAQ:CPOP) increased by 52.32% to $2.14, with a trading volume of 53,532,214, as the company plans to accumulate 1,000 Bitcoin while entering the crypto entertainment market [3] Industry Trends - The market is showing dynamic activity across various sectors, including healthcare, biotechnology, cybersecurity, and entertainment, with companies expanding their offerings and presenting promising investment opportunities [4]
Mobile-health Network Solutions Announces Reverse Stock Split
Newsfile· 2025-09-23 12:00
Company Overview - Mobile-health Network Solutions (MNDR) is a leading AI-powered digital healthcare platform provider headquartered in Singapore, with operations across Southeast Asia and plans to expand into the US [5] - The company offers telemedicine, AI-driven health tools, and virtual clinic infrastructure aimed at making healthcare accessible and intelligent through technology [5] Reverse Stock Split Announcement - MNDR announced a one-for-five reverse stock split effective at 12:01 a.m. Eastern Time on September 25, 2025, reducing the number of outstanding shares from approximately 4,684,779 to about 936,956 [1][2] - The number of authorized shares will decrease from 781,250,000 to 156,250,000, and the par value per share will change from $0.000032 to $0.00016 [2] Shareholder Communication and Process - VStock Transfer, LLC will act as the transfer agent, notifying stockholders of record and issuing post-split shares in paperless "book-entry" form [3] - Shareholders with certificated shares will receive instructions on how to surrender their certificates, while those holding shares in "street name" will have their positions automatically adjusted [3] Strategic Implications - The completion of the reverse stock split is seen as a significant advantage for MNDR in retaining its Nasdaq listing, which aligns with the company's strategic objectives [5]
Mobile-health Network Solutions Secures US$900,000 Strategic Investment from Indopacific to Accelerate Lifepack Acquisition and Indonesia Market Entry
Newsfile· 2025-09-11 14:34
Core Insights - Mobile-health Network Solutions (MNDR) has secured a strategic investment of US$900,000 from Indopacific Health Investment Corporation to enhance its growth strategy and market entry in Indonesia [1][3] - The investment follows an earlier subscription of US$150,000 in May 2025, bringing Indopacific's total investment in MNDR to US$1.05 million [3] - The funds will primarily be allocated for the acquisition of Lifepack, a digital pharmacy platform in Indonesia, and to support broader market initiatives across Southeast Asia [3][4] Investment Details - The share purchase was executed under a Securities Purchase Agreement dated September 10, 2025, with shares priced at US$1.80 each [2] - The transaction includes customary closing conditions and lock-up provisions in accordance with Nasdaq requirements [2] Company Overview - Mobile-health Network Solutions is an AI-powered digital health platform based in Singapore, with operations across Southeast Asia and plans to expand into the US [5] - The company focuses on providing telemedicine, AI-driven health tools, and virtual clinic infrastructure to enhance healthcare accessibility [5]
Mobile-health Network Solutions and Jospong Group of Companies Partner to Launch AI-powered Digital Health Platform in Ghana
Newsfile· 2025-09-05 12:00
Company Overview - Mobile-health Network Solutions (MNDR) is a leading AI-powered digital healthcare platform provider headquartered in Singapore, with operations across Southeast Asia and expanding into the US [9] - Jospong Group of Companies is a diversified Ghanaian holding company with over 70 subsidiaries, operating in sectors such as waste management, banking, healthcare, insurance, logistics, and real estate [10][11] Partnership Details - MNDR and Jospong have signed a Memorandum of Understanding (MOU) to form a joint venture aimed at launching and operating MNDR's AI-powered digital health platform in Ghana [1][2] - The partnership combines MNDR's telehealth and AI-driven technology with Jospong's local market knowledge and capital resources, designed to accelerate the platform's market entry [2] Market Context - Ghana, with a population exceeding 33 million, is identified as a key market for healthcare innovation, benefiting from a similar institutional framework to other Commonwealth nations [3] - The joint venture aims to address the significant need for accessible healthcare solutions in Ghana, particularly in rural areas, by connecting patients with medical professionals through remote consultations [4] Strategic Goals - The collaboration is expected to enhance healthcare affordability, accessibility, and availability across Africa, serving as a blueprint for future regional expansion [6] - Both companies are committed to a swift and comprehensive due diligence process to finalize the joint venture agreement [6]
Mobile-health Network Solutions Introduces AI Checker, Proprietary System That Critiques Quality of Doctors' Telehealth Notes
Newsfile· 2025-07-31 12:00
Core Viewpoint - Mobile-health Network Solutions has launched AI Checker, an AI-powered tool designed to enhance the quality of doctors' telehealth notes by providing immediate feedback on omissions or errors, marking a significant advancement towards developing a fully autonomous AI doctor [1][4][5]. Group 1: AI Checker Features - AI Checker is an automated, cloud-based system that evaluates doctors' notes against the QNOTE framework, which includes 12 critical areas of clinical documentation [2]. - The system is trained on over three million anonymized consults and is estimated to possess more medical knowledge than typical human doctors, providing immediate reminders for any deficiencies in documentation [3]. - The tool aims to improve patient care, reduce audit risks, and enhance documentation quality for healthcare providers [3][5]. Group 2: Future Developments - The co-founder and co-CEO of the company, Dr. Siaw Tung Yeng, stated that AI Checker is a foundational step towards creating a fully autonomous AI doctor that combines AI precision with human compassion [4][7]. - Future iterations of AI Checker are expected to include capabilities such as real-time health monitoring, preventive screening prompts, lifestyle coaching, and autonomous triage in underserved areas [7]. Group 3: Security and Compliance - AI Checker is built on a cloud infrastructure that is ISO 27001 and SOC 2 certified, ensuring data privacy, compliance, and global scalability [8]. Group 4: Industry Position - The company positions itself as a leader in the telehealth industry, aiming to usher in a new era of AI-powered healthcare solutions [9].
Mobile-health Network Solutions Receives 2025 Technology For Good Distinction Award
Newsfile· 2025-07-24 12:00
Core Insights - Mobile-health Network Solutions (MNDR) has been awarded the 2025 Brands For Good Distinction Award in the category of Technology For Good, recognizing its contributions to social and environmental challenges [1][2] - The award ceremony took place on July 23, 2025, in Singapore, celebrating 41 companies from 80 nominations, highlighting the significance of technology in addressing societal issues [2][3] - MNDR's co-CEO, Dr. Siaw Tung Yeng, emphasized the company's commitment to improving healthcare accessibility through AI technology, which has been integrated into three innovative products in 2025 [4][7] Product Innovations - The first product, AI Agent, launched in January 2025, aims to reduce administrative burdens on healthcare providers and enhance workflow efficiency [4] - The second product, AI Notes, introduced in March 2025, automates the documentation process by capturing doctor-patient conversations and generating structured clinical notes in real-time [5] - The third product, AI Checker, deployed earlier this month, provides immediate feedback on the quality of doctors' consultations by evaluating notes against the QNOTE framework, a recognized medical standard [6] Company Overview - Mobile-health Network Solutions is a leading AI-powered digital health platform based in Singapore, with operations across Southeast Asia and plans for expansion into the US [9] - The company's mission is to make healthcare accessible, intelligent, and human through technology, providing telemedicine and AI-driven health tools [10]
Mobile-Health Network Solutions Aims to Raise $300 Million for Digital Health Platform
PYMNTS.com· 2025-07-17 14:31
Core Insights - Mobile-health Network Solutions (MNDR) launched an at-the-market (ATM) equity offering to raise up to $300 million to accelerate the growth of its AI-powered digital health platform [1][3] - The company aims to use the proceeds to develop large language models for diagnostics, expand AI-driven teleconsultation services in Asia, and build a pharmacy delivery infrastructure [3][4] Financial Performance - MNDR reported revenue of $4.3 million for the six-month period ended December 31, 2024, down from $6.6 million in the same period a year earlier [4][5] - The decline in revenue was attributed to the closure of a clinic in Singapore, which reduced telemedicine service usage, although sales of medicine and medical devices increased [5] Strategic Initiatives - In the first half of 2025, MNDR secured $10 million in funding for its AI Agent, launched AI Notes for transcribing doctor-patient conversations, acquired Indonesian pharmacy and telehealth platform Lifepack, and announced plans for a tele-dentistry service [6] - The company is optimistic about recovering and surpassing previous revenue levels, aiming for breakeven by the second half of FY2025 and profitability before the first half of FY2027 [7] Market Trends - Telehealth has become a standard delivery channel in the U.S., particularly among younger generations, with nearly 30% of Generation Z and millennials using telehealth for their most recent healthcare encounter [8]