Full Press Release Details
Network Solutions Reports Improved Gross Margin and Cash Position, Reduced Operating Expenses, in H1 FY2026
March 12, 2026 - Mobile-health Network Solutions (Nasdaq: MNDR) ("MNDR" or "the Company"),
a leading AI HealthTech platform, today announced that, for the first six months of fiscal 2026 ended December 31, 2025, the Company
achieved significant improvements in its gross margin and cash position while slashing its total operating expenses and net loss.
margin for the first half of fiscal 2026 was 20.1 percent, compared with 14.8 percent for the first half of fiscal 2025. This improvement
was mainly the result of a 13.4 percent reduction in cost of revenue, which led to a 25.3 percent increase in gross profit compared
to the first half of fiscal 2025.
cash and cash equivalents at December 31, 2025, rose to $3.48 million, compared with $1.03 million at June 30, 2025. This increase, driven
by operational efficiency gains and fundraising, is expected to help facilitate continued investment in AI and selective growth initiatives.
operating expenses for 1H FY 2026 were $1.67 million, a 29.9 percent reduction compared with $2.38 million in the year-ago period. This
improvement was primarily driven by the accelerated deployment of AI-enabled scheduling, predictive maintenance, and automated administrative
workflows, which reduced salaries and benefits and other operating costs.
Company's net loss for the first six months of fiscal 2026 was $0.86 million, a 48.2 percent decrease from the net loss of $1.66
million sustained in the first half of fiscal 2025. This improvement was mainly due to the Company's reduction in total operating
are excited about the progress we have made in the first half of fiscal 2026," said the Chief Executive Officer, Dr. Siaw
Tung Yeng, "By embedding AI into our core operations, we have achieved significant savings and better operating results while preserving
the quality of our services."
forward, said Dr. Siaw, the Company's strategic priorities will include:
snapshot (six months ended December 31, 2025; unaudited)
| Revenue: US$3,948,768 | ||
| Gross profit: US$795,303 | ||
| Total operating expenses: US$1,672,590 | ||
| Net loss: US$858,417 | ||
| Cash and cash equivalents: US$3,479,487 | ||
| Net tangible assets (NTA): US$8,326,619 | ||
| NTA per share: US$2.39 (rounded) |
Mobile-health Network Solutions
Network Solutions is a leading AI-powered digital health platform headquartered in Singapore, with operations across Southeast Asia and
expanding into the US. The company provides telemedicine, AI-driven health tools, and virtual clinic infrastructure to empower patients
and doctors worldwide. Its mission is to make healthcare accessible, intelligent, and human - through technology. For more information,
please visit our website.
statements contained in this press release about future expectations, plans and prospects, as well as any other statements regarding
matters that are not historical facts, may constitute "forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to financial and business prospects,
anticipated benefits of the Company's transition to an asset-light platform, the Company's goals and future activity, including
continued development of proprietary technologies, strategic partnerships, and its capital initiatives. The words "anticipate,"
"believe," "continue," "could," "estimate," "expect," "intend,"
"may," "plan," "potential," "predict," "project," "should," "target,"
"will," "would" and similar expressions are intended to identify forward-looking statements, although not all
forward-looking statements contain these identifying words. Forward-looking statements are not guarantees of future performance and involve
risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the
Company's ability to execute our strategies, manage growth and maintain our corporate culture; the Company's future business
development, financial conditions and results of operations; expectations regarding demand for and market acceptance of our products
and services; changes in technology; economic conditions; the growth of the telehealth solutions industry in Singapore and the other
international markets the Company plans to serve; reputation and brand; the impact of competition and pricing; government regulations;
fluctuations in general economic and business conditions in Singapore and the international markets the Company plans to serve and assumptions
underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons,
among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Any forward-looking
statements contained in this press release speak only as of the date hereof, and Mobile-health Network Solutions specifically disclaims
any obligation to update any forward-looking statement, whether because of new information, future events or otherwise, except as required
media inquiries, please contact:
Network Solutions Investor Relations Contact:
Venture Drive, #07-08 Vision Exchange
Relations Inquiries:
Corporate Communications Group, LLC
Avenue of the Americas, 5th Floor
York, New York 10036