Careteq Sees Growth and Strategic Gains in Q3
Company Announcements

Careteq Sees Growth and Strategic Gains in Q3

Careteq Ltd. (AU:CTQ) has released an update.

Careteq Limited, a leader in healthcare technology, has reported a positive third quarter with a notable reduction in cash outflow and a 100% increase in Sofihub subscribers year-over-year. The appointment of Elizabeth Whitelock as CEO promises a strong focus on technology expertise, while the expansion of their HMR Referrals platform and an agreement with EHS are set to streamline medication review processes, potentially increasing revenue and achieving a $1.5 million EBITDA target for FY24. These strategic moves are aimed at enhancing Careteq’s market presence and financial health in the healthcare technology sector.

For further insights into AU:CTQ stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App