MNDRNasdaqServices-Prepackaged SoftwareUS GAAP · USD

Mobile-health Network Solutions

Mobile-health Network Solutions is a Singapore-headquartered digital health company that operates an AI-enabled telemedicine platform and related virtual-care software. Its business combines online medical consultations, digital health tools, and clinic infrastructure intended to connect patients and clinicians across Southeast Asia and other markets.

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Revenue7.6m USD
−45.3 %y/y
Net income-3.4m USD
+78.3 %y/y
Free cash flow-4.4m USD
+32.4 %y/y

Fiscal year 2025 · change from previous year

Development 2022–2025

051015m USD2022: 7.0 m USD20222023: 7.9 m USD20232024: 14 m USD20242025: 7.6 m USD20257.6
RevenueOperating profit (EBIT)
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Business

Share of revenue
Telemedicine platform45 %

Online consultation services that connect patients with doctors remotely.

Digital health tools25 %

AI-enabled patient engagement, triage, and support applications.

Virtual clinic infrastructure20 %

Software and workflow tools used to run remote-care operations.

Healthcare platform services10 %

Ancillary platform and implementation services supporting the ecosystem.

Customers

The company serves patients seeking remote access to healthcare and clinicians or healthcare operators that need digital tools to deliver virtual care. Its platform model also fits employers, wellness programs, and healthcare partners that want technology-enabled access to consultations and patient management. Demand is driven by convenience, access, and the ability to extend care beyond physical clinics.

Patients

Individuals using the platform for remote consultations and digital health support.

Healthcare providers

Doctors, clinics, and care teams using virtual clinic infrastructure and tools.

Healthcare partners

Organizations that integrate the platform into broader care delivery or access programs.

Employers and wellness programs

Organizations buying access to telehealth and digital care for members or employees.

Strategy

The company appears focused on scaling an asset-light digital health platform that combines telemedicine, AI tools, and virtual clinic software. Its strategic direction centers on widening market reach, deepening platform utility for patients and providers, and adapting the offering to multiple healthcare systems. That mix supports network effects and can make the platform more sticky as usage expands across markets.

Platform scalingMedium term

A broader user base improves product utility and supports cross-selling of digital health tools.

Geographic expansionMedium term

Entering new markets diversifies demand and reduces reliance on a single healthcare system.

Product integrationShort term

Combining consultations, AI tools, and clinic software makes the platform more valuable to users.

Geography

The company is headquartered in Singapore and reports operations across Southeast Asia, with additional expansion into the United States. Its footprint suggests a cross-border digital-health model, where regulatory requirements, language localization, and healthcare access patterns matter to adoption. Geography is important because telemedicine services must fit local medical practice rules and patient behavior in each market.

Risks

The business depends on adoption of digital care and on healthcare regulations that differ by country, so execution risk rises as it expands into new markets. As a platform business, it also faces competition from other telehealth and software providers, along with technology, privacy, and clinical quality risks that can affect trust and usage. Any reliance on a limited number of markets or partners could make growth and operating consistency less predictable.

Sorted by severity
LowMediumHighLowMediumHighImpact →Likelihood →Regulatory and licensing risk1Platform adoption and usage risk2Cybersecurity and data privacy risk3Competitive pressure4
Impact is the risk’s severity and likelihood how probable it is over the next few years, both assessed from the company’s reports. Numbers match the list.
  1. Regulatory and licensing riskImpact: HighLikelihood: High

    Telemedicine operations must comply with healthcare, data, and practice rules in each market.

    ExposureSingaporeSoutheast AsiaUnited States
  2. Platform adoption and usage riskImpact: HighLikelihood: Medium

    The model depends on users choosing digital consultations and virtual-care workflows over traditional channels.

    ExposurePatientsDoctorsClinic partners
  3. Cybersecurity and data privacy riskImpact: HighLikelihood: Medium

    Healthcare platforms handle sensitive personal and medical information.

    Exposure: Patient records and consultation data

  4. Competitive pressureImpact: MediumLikelihood: High

    Telehealth and digital-health software markets attract local and global competitors.

    Exposure: Platform pricing and user acquisition

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Accounting

Judgemental items
Revenue recognition

Platform access, consultations, and services may have different delivery timing.

Impact: Can shift revenue between periods

Deferred revenue

Prepaid platform or service arrangements may be recognized over time.

Impact: Affects short-term revenue visibility

Share-based compensation

The company disclosed share issuance as part of remuneration packages.

Impact: Can increase operating expense and dilution

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Last updated: 28/09/2026