Quarterly Activities/Appendix 4C Cash Flow Report
| Stock | Doctor Care Anywhere Group Plc (DOC.ASX) |
|---|---|
| Release Time | 28 Apr 2025, 9:50 a.m. |
| Price Sensitive | Yes |
Doctor Care Anywhere reports Q1 2025 results
- Signed contract with Huma to enable myGP patients to book video consultations
- Q1 2025 consultations up 9.3% QoQ, down 12.7% vs PcP due to seasonal trends and closure of secondary care pathways
- Transformation program complete, resulting in over 50 role reductions and £2.0m+ annual savings
Doctor Care Anywhere Group PLC (ASX:DOC) reported its quarterly activities and Appendix 4C cash flow report for Q1 2025. Key highlights include:- Signed a contract in April with Huma, enabling myGP patients who are unable to book an NHS GP appointment to seamlessly book a video consultation with DCA. Huma's myGP app has 3 million users and is the UK's largest independent NHS GP booking platform.- Q1 2025 consultations were up 9.3% quarter-on-quarter (QoQ) but down 12.7% year-on-year (vs PcP). The increase QoQ was due to seasonal trends, while the decline vs PcP was driven by the closure of DCA's secondary care pathways. Excluding secondary care pathway consultations, volumes were down 7.6% vs PcP.- Gross and contribution margins continued to improve in Q1 2025. A transformation program commenced at the start of the year is now complete, resulting in a headcount reduction of over 50 roles and savings in excess of £2.0m per annum.- The company ended Q1 2025 with £2.8m (A$5.8m) in cash, which is expected to be sufficient to see it through to long-term profitability and net cash generation.