Mobile-health Network Solutions (MNDR) Registration Filing summary

Company overview and business model

• Operates a doctor-founded, AI-enabled telehealth platform offering 360° healthcare via mobile/web, integrating teleconsultations, e-commerce, and corporate wellness services.

• Provides B2C and B2B services, including virtual clinics, curated product sales, and corporate health programs.

• Platform features include 24/7 virtual care, AI-driven triage, weight management, and a global provider network.

• Revenue streams include telemedicine, medicine/device sales, and corporate contracts.

• Operations span Singapore, Malaysia, Vietnam, Indonesia, and other APAC markets.

Financial performance and metrics

• FY2025 revenue was $7.65M, down 45% from $13.97M in FY2024, mainly due to a drop in telemedicine transactions.

• Net loss for FY2025 was $3.38M, a significant improvement from $15.6M in FY2024.

• Gross profit for FY2025 was $1.28M, with operating expenses reduced by 73.6% year-over-year.

• Cash and cash equivalents as of June 30, 2025, were $1.03M; negative operating cash flow of $4.36M.

• Going concern risk highlighted due to recurring losses and negative cash flows.

Use of proceeds and capital allocation

• Up to $7.24M in gross proceeds may be raised under the equity purchase agreement; proceeds to be used for working capital and general corporate purposes.

• Management retains broad discretion over use of funds, with focus on debt repayment and operational needs.