Orion Health widens 1H loss, lowers FY outlook on more conservative forecast philosophy

Mon, 27 Nov 2017

By Tina Morrison Nov. 28 (BusinessDesk) - Orion Health, the health software developer whose shares have lost almost half their value this year, widened its first-half loss and lowered its outlook for the full year. The loss was $25.9 million in the six months ended Sept. 30 from a loss of $18 million a year earlier, the Auckland-based company said in a statement. Sales fell to $80.9 million from $104.2 million which the company attributed to a significant software licence deal being recognised in the year earlier period, which also impact...

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