Orion Health reports $61M full-year loss, beats prospectus on recurring revenue

Mon, 25 May 2015

May 26 (BusinessDesk) - Orion Health, the healthcare system software developer, reported a $60.8 million loss for the year to March 31, in line with its strategy to grow revenues before becoming profitable, and beat its prospectus forecast for annualised revenue growth. The result was the first announced to the NZX since Orion's listing on the NZX on Nov. 26, in a $125 million capital-raising to assist the 22-year-old company to grow in global markets. Today's full financial statements follow a quarterly cash-flow report in late April that r...

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