MedAdvisor delivered the best of the ASX quarterly cash flow reports this morning
Nick Sundich, January 23, 2023
It’s that time of the quarter again when ASX quarterly cash flow reports are released en masse. Of all the companies releasing ASX quarterly cash flow reports today, MedAdvisor (ASX:MDR) impressed the most.
No time to do stock research, but you still want to invest?
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!
With price targets, buy ranges, stop loss levels and Sell alerts too.
GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY
MedAdvisor was the best
MedAdvisor is a company that helps people manage prescribed medicine via an app, reminding them when to take specific medications, when to fill recurring scripts and chasing them up when they forget – among other functions.
The company’s 2Q23 report delivered 90% higher operating revenue at A$44.1m. Of this, $39.4m came from the US and $4.7m was derived from Australia.
Cash flow from operations was in the green by $21.4m, thereby boosting its cash balance from $11.9m to $32.7m. MedAdvisor credited the result to increased uptake by pharmacies in the US. It now boasts a network of over 30,000 pharmacies, enabling access to 60m people.
MedAdvisor share rose by ~20% this morning.
MedAdvisor (ASX:MDR) share price chart (Graph: TradingView)
Other ASX quarterly cash flow reports, not so much
Of today’s ASX quarterly cash flow reports, MedAdvisor was not the only one to be cash flow positive. Two other companies were Dropsuite (ASX:DSE) and Love Group (ASX:LVE).
But both companies failed to get shareholders as excited because their cash flow was barely positive and unchanged compared to the previous quarter. Dropsuite made just $450,000, while Love Group made $153,000, down 23% and up 142% respectively.
If either or both companies can improve their results in their next ASX quarterly cash flow report, however, it is not an unreasonable proposition that they could see a share price spike as a consequence.
No time to do stock research, but you still want to invest?
Stocks Down Under Concierge gives you timely BUY and SELL alerts on ASX-listed stocks!
With price targets, buy ranges, stop loss levels and Sell alerts too.
GET A 3-MONTH FREE TRIAL TO CONCIERGE TODAY
No credit card needed and the trial expires automatically.
Blog Categories
Recent Posts
4D Medical (ASX:4DX): Could it become the next Pro Medicus? It’ll be a long way to the top
There’s not many Australian radiology companies that seek to conquer the USA, but 4D Medical (ASX:4DX) is one of them.…
Pay attention to these 5 signs to buy a stock
What are the most important signs to buy a stock on the ASX or any other stock exchange? In this…
5 ASX Health stocks to add to your porfolio
5 ASX Health Stocks Stuart Roberts from Stocks Down Under discussed the potential promise of biotech, sharing his perspectives about…