Volpara Health Technologies Ltd (ASX: VHT) shares are gaining today after the company released its quarterly results. At the time of writing, the Volpara share price is up 6.25%, trading at $1.36 apiece.
Volpara is a health technology software company, providing an integrated breast care platform to deliver personalised breast care. Let’s take a closer look at the New Zealand-based company’s latest results.
Fourth-quarter results
The company released its results for the fourth quarter of the 2021 financial year this morning, garnering a positive reaction from investors.
Good news from the company included a record cash income from customer receipts, equalling NZ$5.4 million. That figure represents a 15% increase compared to the fourth quarter of 2020.
The company’s subscription-based receipts were also up, raking in NS$18.3 million – a 39% year on year increase.
Volpara also announced increases in its unaudited cash receipts for the full year ending 31 March 2021, up 20% year on year.
Its net operating cash outflow was better than the company’s internal forecasting, and it ended the quarter with $32.2 million cash in the bank.
Volpara’s earnings before interest, tax, depreciation and amortisation (EBITDA) came in at a loss of NZ$3,432,000.
Today is the second time Volpara’s share price has reacted positively to its results for this quarter. On 20 April, the Volpara released a business update on the fourth quarter, which also saw its share price rise.
Unfortunately, its gains didn’t hold that day, and the Volpara share price ended the session trading 4.2% lower than the previous close.
Commentary from management
Volpara CEO Dr Ralph Highnam commented on the results, saying:
Our achievements in [the 2021 financial year] are a powerful endorsement of what we stand for as a company and the strength and commitment of our industry to keep saving families from cancer, no matter what else is going on.
We look forward to continuing to accelerate out of COVID-19 in [the 2022 financial year].
Volpara share price snapshot
Currently, the Volpara share price is down 3% year to date, although it’s up 8% over the last 12 months.
The company has a market capitalisation of around $321 million, with approximately 251 million shares outstanding.
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Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.
The Motley Fool Australia’s parent company Motley Fool Holdings Inc. owns shares of and recommends VOLPARA FPO NZ. The Motley Fool Australia has recommended VOLPARA FPO NZ. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.
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