Announces Second Quarter 2021 Financial Results SECOND QUARTER AND SUBSEQUENT HIGHLIGHTS
- Revenue of $5.6 million compared to $2.2 million in Q2 2020.
- Asynchronous cases of 9,393, up 274% compared to prior year.
- Synchronous sessions of 11,415, up 63% compared to prior year.
- Gross profit of $2.5 million (45% margin) compared $1.0 million (44% margin) in Q2 2020.
- Net loss of $3.6 million compared to loss of $2.1 million in Q2 2020.
- MindBeacon announced the appointment of Dan Clark as President and Chief Executive Officer, effective, July 26th, 2021. Sam Duboc, the incumbent CEO, was appointed Executive Chair. Adam Kelly, Chief Commercial Officer, has assumed the additional role as President of Canada.
- MindBeacon entered the addictions space with the launch of a new digital therapy targeting alcohol use developed in consultation with the Centre for Addiction and Mental Health (CAMH).
- With the launch of our new Navigation Assistant program in July, MindBeacon users get enriched, personalized guidance to help them better navigate the healthcare system and remove any barriers to achieving optimal health and wellbeing.
TORONTO, July 27, 2021 /CNW/ - MindBeacon Holdings Inc. ("MindBeacon" or the "Company") (TSX: MBCN), a company specializing in the delivery of a comprehensive continuum of mental healthcare, using digital technologies, announces its financial results for the three months ended June 30, 2021. All amounts are in thousands of Canadian dollars unless otherwise stated.
https://www.newswire.ca/news-releases/mindbeacon-announces-second-quarter-2021-financial-results-850904810.html