Dec24 Quarterly Activities Report and Appendix 4C
| Stock | Global Health Ltd (GLH.ASX) |
|---|---|
| Release Time | 21 Jan 2025, 12:49 p.m. |
| Price Sensitive | Yes |
Dec24 Quarterly Activities Report and Appendix 4C
- Customer Receipts up 22% from PCP to $3.025M for the Dec-24 Qtr
- Operating and investing cashflow up 355% from PCP to $382K for the Dec-24 Qtr
- Operating & Investing Cashflow improves by 56% (up $683K) to ($539) for HY
Global Health Limited (ASX: GLH) has released its Appendix 4C Cash Flow Report for the quarter ended 31 December 2024 (Q2 FY25) and the accompanying Quarterly Business Activity Report. Despite challenging external conditions, the company's sales and marketing teams delivered sales to new customers and expansion of existing customers, resulting in a 22% increase in receipts to $3.025M for the Dec-24 quarter compared to the previous corresponding period. The increase in revenue, combined with tight management of overhead expenses and R&D expenditure, was reflected in a positive cashflow in the December quarter, with operating cashflow including R&D up 355% (+$532K) on the previous corresponding period to $382K. For the 6 months to 31 December 2024, revenue increased by over 7% to approximately $4.4M, and operating and investment cashflow continued to trend towards positive cashflow, improving by 56% (up $683K) to ($539). The company raised $350K through the issue of convertible notes and repaid $107K of debt, resulting in a small group cash outflow of ($524K) for the half-year to Dec 2024. The closing cash balance as at 31 December 2024 was $1.812M.
Global Health is well placed to generate better results in the 2HY 2025, with a growing pipeline of new clients and upgrades to existing clients. The healthcare sector in Australia continues to face operating challenges, but Global Health is focused on improving operating efficiencies and productivity of its private hospital clients. Mental Health and Community Healthcare continue to grow and are not impacted to the same extent as private hospitals, and Global Health is well placed to benefit due to existing and new SaaS platforms. The company is also working to incorporate AI into its platforms to progressively use the benefits of AI in its clients' operations.