Singular Health Group Reports Significant Revenue Decline and Increased Losses

Story Highlights
Singular Health Group Reports Significant Revenue Decline and Increased Losses

The latest update is out from Singular Health Group Ltd ( (AU:SHG) ).

Singular Health Group Ltd reported a significant decline in revenue for the half-year ending December 2024, with a 90% drop compared to the previous year. The company also experienced a 69% increase in net losses, attributed to discontinued operations and the loss of control over Singular 3DP Pty Ltd. Despite these challenges, the net tangible assets per ordinary security improved from 0.68 to 1.92 cents, indicating some positive movement in asset management.

More about Singular Health Group Ltd

Singular Health Group Ltd operates in the healthcare technology industry, focusing on developing advanced medical imaging software and solutions. The company aims to enhance patient outcomes and streamline healthcare processes through innovative digital health technologies.

YTD Price Performance: 13.64%

Average Trading Volume: 1,319,295

Technical Sentiment Consensus Rating: Sell

Current Market Cap: A$64.58M

For a thorough assessment of SHG stock, go to TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

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