Oneview Healthcare PLC (ASX:ONE) Reports Q4 2024 Cash Flow
Financial Highlights
Oneview Healthcare PLC (ASX:ONE) reported a cash balance of €13.8 million (A$23.2 million) as of 31 December 2024. The company successfully raised A$23 million in total through a capital placement and an oversubscribed Security Purchase Plan (SPP) in late 2024. The funds will support Oneview’s AI strategy, internal tooling development, and ongoing deployment of contracted beds. Despite a net operating cash outflow of €4.1 million during the quarter, the company anticipates a positive impact when large customer receipts are recognised in early 2025.
Operational Updates
Progress continues on the Baxter partnership, which has been extended through June 2027. Oneview received purchase orders from three new customers via this channel during the quarter, alongside a direct acquisition. Contracted beds increased by 23% to 19,429 in 2024, with live beds also rising to 12,514—outperforming earlier forecasts. The company is well-positioned for growth in its contracted beds and revenue during 2025.
Deployment projects in facilities are ongoing. Recent achievements include new deployments at Inova Health, the Children’s Hospital of Orange County with the MyStay Mobile product, and the successful rollout at Mercy Ardmore.
CEO Comments
CEO James Fitter stated, “With the unwavering support of our shareholders during the recent capital raise, we are uniquely positioned among our competitors.” He highlighted the company’s advancements in market traction through direct sales and the Baxter partnership, expressing optimism for the upcoming year.
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