Investors should be cautious due to the company's declining revenue, significant losses, and going concern warning. The IPO may be dilutive to existing shareholders given the company's financial distress.
Executive Summary
Mobile-health Network Solutions, a Cayman Islands-based telehealth company headquartered in Singapore, is preparing for a U.S. IPO. The company reported declining revenue and significant losses, with substantial doubt raised about its ability to continue as a going concern. It plans to use proceeds from the offering for general corporate purposes, debt payoff, and funding operations.
Key Financial Metrics
Key Facts
- Company is headquartered in Singapore and incorporated in the Cayman Islands
- Revenue declined from $13.97M in FY2024 to $7.65M in FY2025
- Net loss was $3.38M in FY2025 after a $15.6M loss in FY2024
- Auditors raised substantial doubt about the company's ability to continue as a going concern
- Company plans to use IPO proceeds for general corporate purposes, debt payoff, and operations
Financial Impact
Revenue decreased by $6.32M year-over-year with net losses of $3.38M
Risk Factors
- Going concern risk due to recurring losses and negative cash flow
- Currency conversion risk as financials are reported in USD but operations are in multiple currencies
- Dependence on future financing to continue operations
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| F-1/A Filing (Primary) | 0001493152-26-015800 |
| Exhibit: ex23-4.htm | 0001493152-26-015800 |
| Document: 0001493152-26-015800-index-headers.html | 0001493152-26-015800 |
| Document: 0001493152-26-015800-index.html | 0001493152-26-015800 |
| Document: 0001493152-26-015800.txt | 0001493152-26-015800 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 24, 2026 4w ago | 6-K | $1.36 | awaiting T+60 | — | $0.8995 (−33.86%) |
Aug 18, 2026 10w ago | 6-K | $1.71 | awaiting T+60 | — | $0.8995 (+47.40%) |
Aug 12, 2026 10w ago | 6-K | $1.72 | awaiting T+60 | — | $0.8995 (−47.70%) |
Jun 9, 2026 20w ago | 6-K | $0.6981 $0.2550 | ▲ +63.47% | ▲ +68.37% | $0.8995 (−28.85%) |
May 18, 2026 23w ago | 6-K | $5.70 $1.72 | ▲ +69.82% | ▲ +74.68% | $0.8995 (+84.22%) |
May 13, 2026 23w ago | 6-K | $6.12 $1.77 | ▼ −71.08% | ▼ −75.52% | $0.8995 (−85.30%) |
May 5, 2026 25w ago | EFFECT | $6.48 $1.72 | ▲ +73.46% | ▲ +76.20% | $0.8995 (+86.12%) |
May 4, 2026 25w ago | 6-K | $7.20 $1.45 | ▼ −79.86% | ▼ −81.72% | $0.8995 (−87.51%) |
Apr 28, 2026 26w ago | 6-K | $4.73 $2.63 | ▼ −44.44% | ▼ −48.43% | $0.8995 (−81.00%) |
Apr 24, 2026 26w ago | 6-K | $5.15 $3.01 | ▼ −41.60% | ▼ −46.68% | $0.8995 (−82.55%) |
US Market Status
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