Visionflex Group Limited
VFX.ASXHealth Care
Visionflex Group, formerly known as 1ST Group Limited, is a clinical virtual care technology company helping healthcare professionals to provide quality healthcare to patients anywhere around the world.
Market Data
$0.045
-0.0%$3.9M
-100000.0x
$-0.024
0.00%
-0.6%
Latest Earnings
H1 FY26 Financial Results
26 February 2026
Visionflex Group delivered mixed H1 FY26 results with revenue down 10% to $1.7M, but showing strong progress in transitioning to recurring revenue model with ARR up 23% to $1.95M and recurring revenue now comprising 52% of total revenue. The company maintained cost discipline with underlying EBITDA loss stable at $1.3M, and expects improved performance in H2 FY26 as enterprise deployments progress. Key points: ARR increased 23% to $1.95M, demonstrating strong recurring revenue growth; Recurring revenue now comprises 52% of total revenue, up from 36% in pcp; Gross profit margin improved to 85.4% from 80.8% due to higher subscription revenue mix
Recent Announcements
H1 FY26 Financial Results
Visionflex Group delivered mixed H1 FY26 results with revenue down 10% to $1.7M, but showing strong progress in transitioning to recurring revenue model with ARR up 23% to $1.95M and recurring revenue now comprising 52% of total revenue. The company maintained cost discipline with underlying EBITDA loss stable at $1.3M, and expects improved performance in H2 FY26 as enterprise deployments progress. Key points: ARR increased 23% to $1.95M, demonstrating strong recurring revenue growth; Recurring revenue now comprises 52% of total revenue, up from 36% in pcp; Gross profit margin improved to 85.4% from 80.8% due to higher subscription revenue mix
Appendix 4D and Half-Year Report
Visionflex Group delivered a remarkable turnaround, reporting a $203k profit for H1 FY26 versus a $1.6M loss in the prior period, driven by a $1.6M fair value gain from converting convertible notes at 100% premium to share price. While revenue declined 10% to $1.7M due to lower hardware sales, the company successfully grew recurring software revenue by 29% and maintained disciplined cost control. The company undertook workforce restructuring to reduce operating costs by 20% and strengthened its balance sheet through debt-to-equity conversions. Key points: Moved from $1.6M loss to $0.2M profit, representing $1.9M improvement year-over-year; Recurring software/support revenue grew 29% as company successfully transitions to SaaS model; Operating cash outflow improved 40% from $2.1M to $1.3M compared to prior period
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