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BRIEF-Volpara Health Technologies Posts FY Total Revenue From Customer Contracts Of NZ$12.6M

Published 29/05/2020, 09:40 am
© Reuters.

May 29 (Reuters) - Volpara Health Technologies Ltd VHT.AX :

* FY TOTAL REVENUE FROM CUSTOMER CONTRACTS UP 153% TO NZ$12.6M

* NET LOSS FOR YEAR ATTRIBUTABLE NZ$20.3 MILLION VERSUS LOSS OF NZ$11.7 MILLION

* VOLPARA HEALTH TECHNOLOGIES SEES IMPLEMENTATION OF VARIOUS INITIATIVES TO RESULT IN REDUCED NET CASH OUTFLOWS FROM Q2FY21 ONWARDS

* EXPECTS CONTINUED GROWTH IN SUBSCRIPTION REVENUE IN FY21

* VOLPARA HEALTH TECHNOLOGIES SEES INITIATIVES TO YIELD COST SAVINGS/REDUCTIONS OF 10- 15% ON ANNUALISED OPERATING COSTS

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