Newtopia (TSE:NEWU) has released an update.
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Newtopia Inc., a health platform focused on habit change to combat chronic disease, reported a decrease in revenue for Q4 2023 and FY 2023, alongside a modest reduction in gross profit margin. The company highlighted three key growth opportunities: partnerships in health innovation, integration with GLP-1 drugs, and collaborations in health AI and clinical discovery. Despite these opportunities, revenue was affected by changes in a long-term client contract, though the company remains optimistic about its strategies to recover and expand.
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