1GAAP revenue grew 40.3% year-over-year to $14.6M for FY2025, driven by higher service delivery volume in the company's iDoc telehealth business unit.
2GAAP gross profit increased 2.5% year-over-year to $7.4M, resulting in a FY2025 gross margin of 50.3%.
3GAAP operating loss narrowed 84.6% year-over-year to -$9.6M, as top-line growth from iDoc operations offset legacy business headwinds.
4GAAP net loss improved 74.5% year-over-year to -$14.7M, with diluted loss per share narrowing 87.1% to -$0.73 for the period.
5Net cash used in operating activities decreased 40.5% year-over-year to -$3.4M for FY2025, with free cash flow of -$3.5M for the fiscal year.
6Management has warned that insufficient future capital raises may force cost-cutting actions, including potential delays or discontinuation of select operating activities.
7There can be no assurance that the company will realize its anticipated operational and growth plans for future periods, per filing disclosures.