Orion Health first-half loss widens in line with expectations as revenue climbs 26%, bolstered by weak kiwi

Tue, 24 Nov 2015

By Paul McBeth Nov. 25 (BusinessDesk) - Orion Health Group, the healthcare system software developer, posted a wider first-half loss it said was in line with expectations, while a weaker kiwi dollar and recurring revenue in North America lifted sales by 26 percent. The loss was $26.9 million, or 16.9 cents per share, in the six months ended Sept. 30, from a loss of $14.8 million, or 10.9 cents, a year earlier, the Christchurch-based company said in a statement. Orion Health is forgoing short-term profits in a bid to build a global busine...

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