Anzeige
Mehr »
Login
Freitag, 02.05.2025 Börsentäglich über 12.000 News von 692 internationalen Medien
Glencore, Teck - und jetzt Forge? Dieses Junior-Unternehmen könnte der cleverste Kohle-Trade 2025 sein
Anzeige

Indizes

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Aktien

Kurs

%
News
24 h / 7 T
Aufrufe
7 Tage

Xetra-Orderbuch

Fonds

Kurs

%

Devisen

Kurs

%

Rohstoffe

Kurs

%

Themen

Kurs

%

Erweiterte Suche

WKN: A3CSAQ | ISIN: GB00BK80TJ35 | Ticker-Symbol: N/A
1-Jahres-Chart
PHYSITRACK PLC Chart 1 Jahr
5-Tage-Chart
PHYSITRACK PLC 5-Tage-Chart
ACCESS Newswire
162 Leser
Artikel bewerten:
(1)

Physitrack PLC - Interim Report: January - March 2025

Finanznachrichten News

LONDON, GB / ACCESS Newswire / April 30, 2025 / Physitrack PLC (STO:PTRK) - Driving Financially Robust Evolution through Streamlined Operations and High-Margin Innovations.

Summary for the period

First quarter: 1st January - 31st March 2025

Based on Alternative Key Performance Measures, the Company's key financial highlights for the period are summarised below. Detailed financial KPIs, along with a newly introduced SaaS-specific KPI table, are provided later in this release.

  • Proforma revenue, following planned low margin revenue reduction, has increased by 3 per cent to generate total sales of EUR 3.6m (EUR 3.5m).

  • Lifecare achieved a 6% revenue increase, reaching EUR 2.8m even when assessing organic revenue free from currency fluctuations.

  • Subscription revenue increased 4 per cent (EUR 0.1m) to EUR 3.0m and now makes up 84 per cent of total group revenue, an increase from 78 at Q1 2024.

  • The major contributor to the growth in subscription revenue was the Physitrack product, which saw 24.1% MRR growth year-on-year.

  • Adjusted EBITDA of EUR 1.1m (EUR 1.1m) was generated resulting in an Adjusted EBITDA margin of 31 per cent (30 per cent).

  • Adjusted EBITDA less CAPEX of EUR 0.4m (EUR 0.3m) was generated resulting in an Adjusted EBITDA margin less CAPEX of 12 per cent (8 per cent). This was split between Lifecare of EUR 0.7m / 25 per cent margin and Wellness of EUR 41k / 5 per cent margin.

  • Adjusted operating profit of EUR 0.1m (profit EUR 0.1m) was generated resulting in a margin of 2 per cent (3 per cent).

  • Adjusted ordinary and diluted profit per share totalled EUR (0.03) (EUR 0.01).

  • Cashflow generated from operations before the payment of adjusting items equalled EUR 1.3m (EUR 1.0m).

  • Free cash flow for the quarter was a net inflow of EUR 0.1m (inflow EUR 0.1m).

  • Following the disposal of Wellnow GmbH in March 2025, IFRS 5 requires its results to be presented as discontinued operations for both current and comparative periods. Accordingly, Wellnow's revenue and expenses for Q1 2025, Q1 2024, and 31 December 2024 are excluded from the main revenue and expense lines and shown separately as profit/loss from discontinued operations.

Key highlights during the first quarter

Robust Financial Performance: Revenue of EUR 3.6 million delivered 3% year-on-year pro forma growth, with an adjusted EBITDA of EUR 1.1 million and positive free cash flow of EUR 0.1 million, despite EUR 0.5 million in restructuring costs. The adjusted EBITDA margin reached 31%, reflecting enhanced operational efficiency and strategic portfolio refinement.

Margin-Accretive Restructuring: In March, the completion of the Wellnow management buyout and restructuring within Champion Health Plus removed significant low-margin revenue streams and reduced operational complexity, positioning the Group for scalable, software sales-led growth.

Improved Cash Discipline: Champion Health, having previously required group-level support, approached breakeven excluding restructuring costs. This reflects a significant turnaround driven by workforce rationalisation and a pivot to platform delivery.

Strategic Enterprise Wins: In March, the largest contract in Champion Health's history, sourced from the existing Lifecare client base, was signed. This deal validates the cross-division value proposition and supports our low-CAC, high-retention enterprise sales model.

Product Innovation: In the quarter, a phased rollout of a major update to Physitrack's patient app, PhysiApp, was undertaken, including a redesigned home screen aimed at boosting patient engagement and integrating wellness features across the platform.

Strong Outlook: The Group enters Q2 with a leaner cost base, improved margins, and a growing pipeline of enterprise opportunities, underpinning confidence in continued profitable growth throughout FY25.

Wellnow divestment

The disposal of Wellnow in March 25, marks a strategic step forward in strengthening the Group's financial profile. Completed for €1 nominal consideration and a €243k deferred earn-out (based on 50% of forecast 2025-2026 profits), the transaction removes a structurally loss-making business that generated negative free cash flow of €97k in FY2024 and €14k in Q1 2025, despite contributing €1.7 million in annual revenue in 2024.

A gain from discontinued operations of €78k was recognised, reflecting a €186k loss on disposal and €120k in transaction costs, offset by a €25k Q1 2025 contribution and a €359k deferred tax liability write-off.

The divestment enhances both profitability and cash flow, while enabling the Group to focus fully on scaling its high-margin, SaaS-led core.

CEO Interview

A Physitrack Spotlight interview with CEO & co-founder Henrik Molin commenting on the report is available at: https://vimeo.com/1077691193/8346d89c12

Group Key Performance Indicators:

EUR (€), unless otherwise stated

31 March 2025

31 March 2024

31 December 2024

Revenue

3,560,207

3,676,720

14,450,702

Prior period revenue growth (%)

(3)

11

10

Proforma revenue growth (%)

3

11

12

Proforma constant currency revenue growth (%)

2

10

10

% of revenue which is subscription

84

78

81

EBITDA

713,708

999,217

(2,085,990)

Adjusted EBITDA

1,102,096

1,086,434

3,757,878

Adjusted EBITDA margin (%)

31

30

26

Proforma adjusted EBITDA less CAPEX

436,863

329,694

488,547

Proforma adjusted EBITDA less CAPEX margin (%)

12.3

9.5

3.6

Operating (loss) / profit

(330,536)

9,934

(6,650,333)

Adjusted operating profit / (loss)

57,851

97,151

(660,773)

Adjusted operating profit / (loss) margin (%)

2

3

(5)

Adjusted earnings per share

(0.00)

(0.00)

(0.03)

Operating cashflow before adjusting items

1,604,296

1,046,876

3,613,000

Free cash flow

147,673

74,122

(673,822)

SaaS Metrics:

Lifecare

This includes Lifecare SaaS entities Physitrack and Physiotools.

Q1 2025

Q4 2024

Q1 2024

Q/Q

YoY

ARR (€)

Annual Recurring Revenue

11,227,722

10,857,624

9,649,848

3.4%

16.4%

Growth Rate (%)

Quarterly growth rate

1.1%

2.1%

4.1%

1.1%

4.8%

Net MRR Churn Rate (%)

Annual average churn rate

(1.0)%

(1.0)%

(1.0)%

0.0pp

0.0pp

NRR (%)

Annual average Net Revenue Retention

99.7%

100.3%

99.9%

(0.6)pp

(0.2)pp

ARPL (€)

Annual Recurring Revenue Per Licence

162

161

146

0.9%

11.0%

SaaS Gross Margin (%)

Profit margin on SaaS revenue

91.1%

88.4%

93.5%

2.7pp

(2.4)pp

Wellness

This includes Wellness SaaS entity Champion Health.

Q1 2025

Q4 2024

Q1 2024

Q/Q

YoY

ARR (€)

Annual Recurring Revenue

1,009,298

950,753

554,695

6.2%

82.0%

Growth Rate (%)

Quarterly growth rate

0.9%

33.2%

3.8%

0.9%

84.8%

Net MRR Churn Rate (%)

Annual average churn rate

(0.7)%

(1.5)%

(1.7)%

0.8pp

1.0pp

NRR (%)

Annual average Net Revenue Retention

99.3%

99.0%

98.3%

0.3pp

1.0pp

ARPL (€)

Annual Recurring Revenue Per Licence

9

8

9

5.3%

(1.5)%

SaaS Gross Margin (%)

Profit margin on SaaS revenue

84.2%

72.1%

60.6%

12.1pp

23.6pp

The above metrics reflect a robust start to the year for the Group, demonstrating robust performance across a range of core SaaS indicators. While Lifecare Net Revenue Retention (NRR) experienced a modest decline, the Q1 FY25 figure remains broadly in line with a healthy industry benchmark of 100.0%.

Webcast conference:
April 30, 2025, at 15.00 CET. The presentation will be held in English and will be available on https://www.physitrackgroup.com after the webcast conference.

Speakers:
Henrik Molin, CEO
Matt Poulter, Interim CFO

Link to webcast registration:
https://us06web.zoom.us/webinar/register/WN_-t8W18CATi6M2gXNftSogQ
Participants will be able to ask questions via Zoom's Q&A function.

Enquiries regarding this announcement should be addressed to:

Henrik Molin, CEO and co-founder, Physitrack.
+44 208 133 9325
ir@physitrack.com
media@physitrack.com

About Physitrack

Physitrack PLC, founded in 2012, is a global digital healthcare provider, focused on the B2B wellness and virtual-first care markets. With staff with 12 nationalities on four continents, customers in 17 time zones, and end users in 187 countries, Physitrack is a truly global company.

The company has two business lines:
1. Lifecare - SaaS platform tailored mainly to physiotherapy and musculoskeletal care, enabling practitioners to deliver clinical home exercises, education prescription, outcomes tracking, triaging and Telehealth.
2. Wellness / Champion Health - SaaS platform for Employee Wellness and care powered by a combination of world-leading technology and wellness professionals based in the United Kingdom, Germany and the Nordics.

Physitrack PLC is headquartered in London, United Kingdom, and listed on Nasdaq First North Premier Growth Market (PTRK).

Visit us at
https://physitrackgroup.com/ (investor relations)
https://physitrack.com (product marketing)

About Champion Health

Champion Health, a subsidiary of Physitrack Plc, is a leader in corporate wellness technology, providing an innovative platform that empowers businesses to support their employees' well-being through personalised wellness action plans and advanced analytics.

Visit us at
https://championhealth.co.uk/

Attachments

Q125 Interim Report Final

SOURCE: Physitrack PLC



View the original press release on ACCESS Newswire:
https://www.accessnewswire.com/newsroom/en/computers-technology-and-internet/physitrack-plc-interim-report-january-march-2025-1021614

© 2025 ACCESS Newswire
Werbehinweise: Die Billigung des Basisprospekts durch die BaFin ist nicht als ihre Befürwortung der angebotenen Wertpapiere zu verstehen. Wir empfehlen Interessenten und potenziellen Anlegern den Basisprospekt und die Endgültigen Bedingungen zu lesen, bevor sie eine Anlageentscheidung treffen, um sich möglichst umfassend zu informieren, insbesondere über die potenziellen Risiken und Chancen des Wertpapiers. Sie sind im Begriff, ein Produkt zu erwerben, das nicht einfach ist und schwer zu verstehen sein kann.