Latest news with #PhysitrackPLC
Yahoo
23-04-2025
- Business
- Yahoo
Invitation to Physitrack PLC Q1 2025 Interim Report Webcast Conference
LONDON, GB / / April 23, 2025 / Physitrack PLC (STO:PTRK) - The global digital healthcare provider Physitrack PLC (PTRK) plans to publish its Q1 2025 interim report on April 30, 2025, at 08.00 CET. A webcast conference will take place at 15.00 CET. Physitrack PLC's Q1 2025 interim report will be published in English and will be available at Webcast conference:April 30, 2025, at 15.00 CET . The presentation will be held in English and will be available on after the webcast conference. Speakers:Henrik Molin, CEOMatt Poulter, Interim CFO Link to webcast registration: 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 9325ir@ 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 athttps:// (investor relations) (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 athttps:// Attachments Invitation to Physitrack PLC Q1 2025 interim report webcast conference SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
Yahoo
07-04-2025
- Business
- Yahoo
Physitrack PLC Adjusts its Financial Calendar - Earlier Publication of Interim Reports 2025
LONDON, GB / / April 7, 2025 / Physitrack PLC (STO:PTRK) - Physitrack PLC has adjusted its previously communicated financial calendar for 2025. The date for publication of the Q1 interim report has been changed from 13 May 2025 to 30 April 2025. Updated financial calendar30 April 2025 - Interim report Q1 (1 Jan 2025 - 31 March 2025) - new date27 June 2025 - Annual General Meeting31 July 2025 - Interim report Q2 (1 Jan 2025 - 30 June 2025) - new date31 October 2025 - Interim report Q3 (1 Jan 2025 - 30 Sep 2025) - new date28 February 2026 - Interim Report Q4 and Year-end-report (1 Jan 2025 - 31 Dec 2025) The updated financial calendar is also available on the company's website: Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ 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 athttps:// (investor relations) (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 athttps:// Attachments Physitrack PLC adjusts its financial calendar - earlier publication of interim reports 2025 SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
Yahoo
28-03-2025
- Business
- Yahoo
Physitrack PLC Announces Publication of 2024 Audited Financial Statements
LONDON, UNITED KINGDOM / / March 28, 2025 / Physitrack PLC (STO:PTRK) Solid Foundation for 2025: Strong Recurring Revenue and Positive Operating Cashflow Amid Strategic Pivot. Physitrack PLC ("Physitrack" or the "Company"), a global leader in digital health solutions, announces the release of its audited financial statements for the year ended 31 December 2024. There have been no changes to the financial results compared to those published in the Company's Q4 2024 Quarterly Report, released on 28 February 2025. Key Financial Highlights (FY 2024) Revenue increased by 10% to EUR 16.2 million (2023: EUR 14.7 million), driven by growth in both the Lifecare (+10%) and Wellness (+9%) divisions. Subscription revenue rose by 18% to EUR 13.3 million, now representing 82% of total group revenue (2023: 76%). Adjusted EBITDA was EUR 3.9 million (2023: EUR 3.5 million), maintaining a 24% margin. Adjusted operating loss was EUR 0.5 million (2023: EUR 0.1 million). Cashflow from operations before adjusting items was EUR 3.6 million (2023: EUR 3.5 million). Free cash flow for the year was a net outflow of EUR 0.8 million (2023: outflow EUR 1.1 million). Operational Highlights and Strategic Progress Lifecare continued its strong growth trajectory with a 10% year-on-year increase, supported by product-led strategies and a robust recurring revenue base. Wellness saw 9% growth despite delays in key initiatives, most notably the rollout of the localised Champion Health app in Sweden and Germany in November 2024, which is expected to enhance performance in 2025. A restructured contingent consideration agreement with Champion Health's principals provides improved operational control, aligning the division more closely with the successful SaaS Lifecare model. In late 2024 and early 2025, Physitrack rationalised its Champion Health and Champion Health Plus businesses, marking a strategic pivot away from bricks-and-mortar operations and toward a SaaS-centric model. This change is expected to deliver EUR 0.7 million in cashflow savings in 2025. Outlook Despite macroeconomic headwinds and internal restructuring in 2024, the Group ended the year with positive momentum and a clear roadmap for sustainable growth. The Board remains confident that the strategic steps taken in Q4 will underpin a return to stronger performance in 2025. Group Key Performance Indicators (Selected) Metric FY 2024 FY 2023 Revenue 16,180,498 14,746,287 Revenue Growth (%) 10 % 19 % Organic / Proforma Revenue Growth (%) 10 % 17 % Subscription Revenue (% of total) 82 % 76 % Adjusted EBITDA 3,903,571 3,476,537 Adjusted EBITDA Margin (%) 24 % 24 % Adjusted Operating Loss (515,080 ) (143,821 ) Adjusted Operating Margin (%) -3 % -1 % Adjusted Earnings Per Share (0.03 ) (0.02 ) Operating Cashflow (pre-adjustments) 3,613,000 3,517,099 Free Cash Flow (771,150 ) (1,052,182 ) Adjusted EBITDA less CAPEX 413,187 59,250 The 2024 audited financial statements are available in full on Physitrack's investor relations website Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ 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 (investor relations) (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 Attachments Physitrack PLC 2024 Annual Report FINAL SOURCE: Physitrack PLC View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
28-03-2025
- Business
- Yahoo
Physitrack Plc Divests German Wellness Subsidiary, annual saving of €150,000, EBITDA Margin Expansion to 30% in 2025 expected
LONDON, GB / / March 28, 2025 / Physitrack PLC (STO:PTRK) has successfully finalised a management buyout (MBO) of its German wellness subsidiary, Wellnow, in a strategic move that aligns with the group's focus on high-margin, recurring-revenue software solutions. This move reflects the continuation of the group's expansion strategy, which initially leveraged physical care delivery with a digital overlay to establish a strong foothold in the wellness sector in local markets. The terms of the MBO are for an initial consideration of €1, with the remaining consideration being structured around a multi-year earn-out directly tied to profit generation within Wellnow, ensuring a performance-driven transition. We estimate that this additional earn-out consideration will be in the region of €200,000 - €300,000. As part of the agreement, Wellnow co-founders Alexander Freitag and Enno Kuntze have departed the Physitrack Group while Physitrack retains access to customer data, customer relationships and sales infrastructure, enabling continued monetisation of its occupational health and wellness software Champion Health in the DACHS region, notably Germany and Switzerland, but without responsibility for the physical care delivery that Wellnow's core product represents. Financially, the transaction is accretive to EBITDA margins and will, excluding earn-outs, generate annual cost savings of at least €150,000, further streamlining Physitrack's operations. The disposal will result in Group revenue decreasing by around €1.7m. As a result of the MBO and further cost optimisations in the group, the adjusted EBITDA margin is on track to expand to 30% in 2025. Following this MBO, Physitrack is now more streamlined and focused on software delivery, reinforcing its position as a leader in digital occupational health and wellness solutions. By concentrating on scalable, high-margin offerings, the company is well-positioned for sustained growth and innovation in its core markets. As a result of the MBO and further cost optimisations in the group, the adjusted EBITDA margin is on track to expand to 30% in 2025. Henrik Molin, CEO & Co-founder of Physitrack, commented: "This transaction represents a strategic step forward for Physitrack, allowing us to sharpen our focus on software-driven solutions while maintaining key commercial synergies with Wellnow. The structure of the deal ensures continuity and long-term value creation for both parties - Wellnow for care provision and Physitrack, via its Champion Health product - high margin software sales." Spotlight, Physitrack's own news desk, interviews CEO & co-founder Henrik Molin on the subject in an 8-minute video, which can be found here: 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 athttps:// (investor relations) (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 athttps:// Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ Attachments Physitrack Plc Divests German Wellness Subsidiary, annual saving of €150,000, EBITDA Margin Expansion to 30% in 2025 expected SOURCE: Physitrack PLC View the original press release on ACCESS Newswire Sign in to access your portfolio
Yahoo
07-03-2025
- Business
- Yahoo
Physitrack Plc Wins Finnish County Tender, Securing €63,000 Deal with Potential to Exceed €200,000
LONDON, UK / ACCESS Newswire / March 7, 2025 / Physitrack PLC (STO:PTRK) has successfully secured a public tender with a Finnish county healthcare system, reinforcing its position as a trusted provider in the region. The contract, valued at a minimum of €63,000, has the potential to exceed €200,000 depending on the components activated within the tender. The agreement includes an annual recurring revenue for the Physitrack platform for exercise prescription and data analysis of €31,500 for two years (total €63,000), with additional authorised components such as electronic medical record (EMR) system integration and a potential custom app contributing to the overall value. Henrik Molin, CEO & co-founder of Physitrack Plc, expressed enthusiasm about the win: "We are delighted to have been awarded this tender, which is a testament to both the strength of our product and our team's dedication. Our experience and expertise in navigating public procurement processes continue to set us apart. As we solidify our reputation among major institutions across Europe and the UK, our growing presence in Finland plays a crucial role in these competitive tenders." This latest success underscores Physitrack Plc's expanding footprint in the region and its ability to deliver scalable, high-quality solutions for public sector healthcare. A Spotlight interview with CEO & co-founder Henrik Molin can be found here: Enquiries regarding this announcement should be addressed to: Henrik Molin, CEO and co-founder, Physitrack.+44 208 133 9325ir@ 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 athttps:// (investor relations) (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 athttps:// Attachments Physitrack Plc Wins Finnish County Tender, Securing €63,000 Deal with Potential to Exceed €200,000 SOURCE: Physitrack PLC View the original press release on ACCESS Newswire
