Newtopia Optimistic Despite Q2 Revenue Dip

Newtopia (TSE:NEWU) has released an update.

Newtopia Inc., a tech-enabled health platform, reported a decrease in second quarter 2024 revenue to $1.6 million from $2.4 million the previous year, with a gross profit margin at 48%. Despite the financial downturn, the company remains optimistic about its growth potential through partnerships in health AI, clinical discovery, and habit change platforms, aiming to improve outcomes in chronic disease management.

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