Mobile-health Network Solutions

What they do

Mobile-health Network Solutions operates through subsidiaries as a digital health provider, with principal executive offices in Singapore and incorporation in the Cayman Islands. It runs telemedicine and related healthcare service operations in Singapore and has been expanding into other markets. Its Class A ordinary shares trade on the Nasdaq Stock Market under the symbol MNDR.

Revenue drivers

• Telemedicine and digital health services — Core operations generate revenue by providing remote consultations and related healthcare services to patients, employers and partners, primarily in Singapore.
• Healthcare-related products and services — The company sells health products and services alongside its telemedicine offering, contributing additional revenue to the overall business.
• Geographic expansion of service offerings — Revenue has been generated from Singapore and other Asian markets as the company has grown its user base and service footprint.

Recent performance

Revenue fell to $7.6 million in fiscal 2025 from $14.0 million in fiscal 2024, a decline of roughly 46%. The company reported a net loss of $3.4 million in fiscal 2025, narrower than the $15.6 million net loss in fiscal 2024 and the $3.2 million loss in fiscal 2023. Operating cash flow remained negative at $4.4 million in fiscal 2025, compared with negative $6.4 million in fiscal 2024. Diluted loss per share was $3.82 in fiscal 2025 versus $18.09 in fiscal 2024. At June 30, 2025, the company had $9.9 million in total assets, $1.6 million in total liabilities, $8.3 million in shareholder equity and $3.5 million in cash and equivalents.

Strategy

The company's filings do not provide a detailed forward strategy statement in the excerpted material. Its results show it is managing a smaller revenue base while reducing losses and cash burn compared with fiscal 2024. No specific new investments or priorities are described in the source material provided.

Risks

• Going concern — The auditor's report includes an explanatory paragraph stating that recurring losses from operations raise substantial doubt about the company's ability to continue as a going concern.
• Revenue decline — Revenue fell from $14.0 million in fiscal 2024 to $7.6 million in fiscal 2025, indicating a material contraction in the business.
• Continued losses and cash burn — The company reported a $3.4 million net loss and negative $4.4 million operating cash flow in fiscal 2025.
• Single-market concentration — Operations and revenue are concentrated in Singapore and other Asian markets, exposing the business to regional regulatory and competitive pressures.

Outlook

The filing is an amendment to the annual report for the fiscal year ended June 30, 2025 and does not include updated forward guidance. The company continues to face substantial doubt about its ability to continue as a going concern, as disclosed by its auditors. Management's plans to address that uncertainty are described in the financial statement notes, but no specific operational or financial targets are included in the excerpted material.