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- Healthcare tech developer Jayex Healthcare (JHL) has locked up its shares at the start of a new week pending a capital raise announcement
- So far, the company hasn’t disclosed how much it intends to raise or what it’ll put the funding towards, but Jayex intends to make an announcement before or by Wednesday, September 2
- Jayex is focused on healthcare-centric technology, primarily operating in the U.K., Australia and New Zealand
- In its latest half-year report, Jayex tabled a 0.2 per cent decline in revenue but managed to reduce its loss margin by over 80 per cent
- Managing Director and CEO Nick Fernando also resigned in late July, triggering the search for a new leader
- Jayex shares last traded for three cents on Friday, August 29
Healthcare tech developer Jayex Healthcare (JHL) has locked up its shares at the start of a new week pending a capital raise announcement.
So far, the company hasn’t disclosed how much it intends to raise or what it’ll put the funding towards, but Jayex intends to make an announcement before or by Wednesday, September 2.
Jayex is focused on healthcare-centric technology, primarily operating in the U.K., Australia and New Zealand. One of its major offerings is Appointuit, an online booking solution created so doctors and patients can make medical appointments and request prescriptions online. At this stage, there are over 6500 healthcare sites utilising Jayex’s healthcare tech solutions.
In its latest interim report, Jayex tabled a 0.2 per cent downturn in revenue compared to FY19’s first half.
However, Jayex significantly reduced its losses compared to the previous corresponding period (PCP), reporting it was just $197,000 in the red on June 30. At the same time last year, JHL posted more than half a million in losses.
At the end of FY20’s first half, Jayex had over $1.3 million in the bank, a significant increase on the PCP’s $598,000 in reserves.
Meanwhile, on June 29, Jayex’s Managing Director and CEO, Nick Fernando, tendered his resignation. He officially stepped down on July 25, and the company stated it would adjust its director’s remuneration as the hunt for a new CEO began.
Jayex shares last traded for three cents on Friday, August 29.
