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Global Health Limited ( (AU:GLH) ) has provided an announcement.
Global Health Limited reported a $750K loss in income due to the end of a contract with SA Health, impacting its cash flow for the March 2025 quarter. However, the company anticipates that new sales will compensate for this loss over the next year. The company is transitioning to a SaaS business model, which is expected to reduce costs and increase margins. Investments in research and development have decreased, aligning with industry standards as products reach market readiness. Global Health is also expanding its MasterCare Plus platform and other digital solutions to new market segments, despite challenges in the Australian public healthcare sector due to funding constraints and increased demand.
More about Global Health Limited
Global Health Limited operates in the healthcare technology industry, providing software solutions such as the MasterCare Plus SaaS platform and the HotHealth Digital front door. The company focuses on healthcare service providers, including Allied Health and Specialist providers, and is expanding its offerings to support digital engagement and secure messaging.
YTD Price Performance: -21.43%
Average Trading Volume: 20,005
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$6.44M
For a thorough assessment of GLH stock, go to TipRanks’ Stock Analysis page.