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MedAdvisor (MDR) investor relations material
MedAdvisor AGM 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Opening remarks and agenda
Meeting opened with confirmation of quorum, introduction of board members and auditors, and CEO John Ciccio outlined a focus on patient engagement and technology-driven solutions.
Format included Chair's address, formal business, and a business update from the CEO.
Financial performance review
FY25 revenue was AUD 63 million, down 36% year-over-year, with gross profit at AUD 32.9 million and a gross margin of 52.3%.
EBITDA loss was AUD 10.7 million, a decline of AUD 13.9 million from the previous year.
A non-cash impairment of AUD 46.5 million was recognized on US intangible assets, driving a substantial statutory loss.
Cost reduction program achieved a 13% decrease in operating costs year over year.
Ended September with net cash of AUD 13 million, excluding AUD 8 million held back from the ANZ divestiture.
Board and executive committee updates
Board reduced from nine to four directors to align with the downsized business.
CFO Sean Slattery appointed as Executive Director.
CEO transition from Rick Ratliff to John Ciccio, who brings over 12 years of experience in the U.S. business.
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