CEO Interview - HY24 Results – Acrobat pdf 409k 15 February 2024 Interview with Pro Medicus CEO, Dr Sam Hupert, where he discussed: Commentary on first half results Contract trends and implementation update USD $5M Elucid investment and view on M&A Launch of Visage Ease VP for Apple Vision Pro Recent wins and pipeline
15 February 2024; Company Announcement: Pro Medicus Limited Interim Results - Acrobat pdf 358k Highlights Revenue from ordinary activities $74.1m – up 30.3% Underlying profit before tax $48.9m – up 31.5% Net profit $36.3m – up 33.3% Cash and other financial assets $131.5m – up 8.3% Company remains debt-free Fully-franked interim dividend 18c per share Leading health imaging company Pro Medicus Limited [ASX: PME] today announced a half-year net profit of $36.3 million for the six months to the end of December 2023, 33.3% higher than for the previous corresponding period. Revenue from ordinary activities was $74.1 million, up 30.3%. The company’s cash and other financial assets at December 2023 were $131.5 million, an increase of 8.3%. Pro Medicus announced a fully-franked interim dividend of 18c per share. The company remains debt-free. The result was largely driven by increased revenue from North America (revenue up 36.8%), with four major implementations completed. During the six-month period Pro Medicus also won four key contracts; Memorial Sloan Kettering, Baylor Scott & White, South Shore Health and Oregon Health & Science University. These contracts have a total contract value of A$200 million (at committed minimum exam volumes) with contract terms ranging from 7 to 10 years. Pro Medicus CEO Dr Sam Hupert said he was very pleased with the result, which was a record one for the company in terms of revenue and net profit as well as new sales. “We benefited from above industry growth in exam volumes across our client base and successfully completed four new implementations all of which will provide a full six months of revenue in the second half. On top of this, we had our strongest start to the year in terms
5 February 2024; Company Announcement Visage Ease VP Launch Final - Acrobat pdf 826k Highlights Visage has launched the groundbreaking Visage Ease VP for Apple Vision Pro Visage Ease VP supports immersive, spatial experiences for diagnostic imaging and multimedia Visage’s cinematic rendering engine is natively available in Visage Ease VP providing stunning volume-rendered images in immersive space Visage Ease VP provides an end-user imaging experience that’s unlike any other application Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its wholly-owned U.S. subsidiary, Visage Imaging, Inc., has announced the launch of the groundbreaking Visage Ease VP for Apple Vision Pro, Apple’s highly anticipated spatial computing platform. Designed to take advantage of the unique capabilities of Apple Vision Pro, Visage Ease VP supports immersive, spatial experiences for diagnostic imaging and multimedia. Visage Ease VP includes all the proven functionality of Visage Ease™, plus the exciting addition of Visage’s powerful cinematic rendering engine for stunning volume-rendered images in immersive space. Anywhere, on-the-go access with Visage Ease VP has additional flexibility with virtual screens at more than 4K resolution for each eye, independence from environmental lighting restrictions, and the ability to interact with imaging seamlessly in your physical space. Visage Ease VP uses the natural and intuitive input of eyes, hands, and voice navigation to provide an end-user imaging experience that’s unlike any other application. UC San Diego Health, a Tier 1 academic medical center and Visage customer, is the first health system to pilot the technology. “The visualization of three-dimensional medical imaging in immersive space creates exciting opportunities to improve patient care,” said Dr. Paul Murphy, associate clinical professor at UC San Diego School of Medicine and radiologist at UC San Diego Health. “Technology
CEO Interview - FY23 Annual Results – Acrobat pdf 432k 15 August 2023 Interview with Pro Medicus CEO, Dr Sam Hupert, where he discussed: Full-year results Sales and implementation update Market segmentation and factors driving the industry Pipeline
15 August 2023; Company Announcement - FY Results Final - Acrobat pdf 200k Highlights Revenue from ordinary activities $124.9m – up 33.6% Net profit $60.6m – up 36.5% Cash and other financial assets $121.5m – up 34.2% Company remains debt-free Fully-franked final dividend 17c per share Leading health imaging company Pro Medicus Limited [ASX: PME] today announced a full-year net profit of $60.6m for the year to the end of June 2023, 36.5% higher than for the previous corresponding period. Revenue from ordinary activities increased by 33.6% to $124.9 million. The company’s cash and other financial assets at June 2023 were $121.5 million, up $30.9 million, an increase of 34.2%. Pro Medicus announced a fully-franked final dividend of 17c per share, making the full year-dividend 30c fully-franked, an increase of 36.4%. The company remains debt-free. The result was driven by increased revenue from North America up 41.8% and Australia up 9.4% whilst Europe decreased by 12.2% due to one-off revenue coming from the extension of the German government hospital contract in FY22 year which was not replicated this year. During the year Pro Medicus made the following key announcements: Three contract wins with a combined minimum value of $16.5m - Montage Health, Children’s Hospital of Philadelphia (CHOP), and Bay Imaging Consultants. The University of Florida contract renewal for another seven years, with a minimum contract value of $15.5m. A $15M, 8-year contract with Luminis Health, a not-for-profit integrated delivery network (IDN) healthcare provider in Annapolis, Maryland. A $25M, 7-year contract with University of Washington, a leading teaching hospital in the University District of Seattle. A $12M, 8-year contract with Samaritan Health, a not-for-profit network of hospitals and health services in central Oregon. A $20M,
16 May 2023; Company Announcement - Gundersen Final - Acrobat pdf 437k Highlights PME signs 7-year, AUD $20M deal with Gundersen Health System (“Gundersen”) Visage to replace legacy PACS throughout the Gundersen network Contract is for “full stack” - Visage 7 Viewer, Visage 7 Open Archive and Visage 7 Workflow Visage 7 platform to be implemented in the cloud Continues PME’s rapid expansion into North American integrated delivery networks Transaction-based model with potential upside Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its wholly-owned U.S. subsidiary, Visage Imaging, Inc., has signed a $20M, 7-year contract with Gundersen Health System, a not-for-profit integrated delivery network (IDN), comprising seven (7) hospitals and 65 clinics across Wisconsin, Minnesota and Iowa. Based on a transactional licensing model, the contract will see the company’s cloud-engineered Visage 7 Enterprise Imaging Platform (‘Visage 7’), including Visage 7 Open Archive and Visage 7 Workflow modules, implemented throughout Gundersen providing a unified diagnostic imaging platform across the network. Planning for the rollout is to commence immediately and will be based on Visage’s proven cloud-based implementation process, with initial go-lives targeted for the second half of the 2023 calendar year. “IDNs are the largest market segment in North America and we continue to build strong momentum in this key market with this, our fifth material IDN contract in the last 12 months, “ said Dr Sam Hupert, Pro Medicus CEO. “It reinforces our belief that our solution is equally well suited to IDNs of all sizes, making our total addressable market very significant.” Gundersen joins the increasing list of consecutive Visage 7 clients to opt for a fully cloud-engineered solution, a trend that has now become the standard in the North
CEO Interview - HY Results 2023 – Acrobat pdf 159k 15 February 2023 Interview with Pro Medicus CEO, Dr Sam Hupert, where he discussed: First half results Commentary on 2nd half Shift to Cloud Recent wins and pipeline KLAS award for best Universal Viewer
15 February 2023; Pro Medicus Limited Half Year Results - Acrobat pdf 135k Highlights Revenue from ordinary activities $56.89m - up 28.3% Underlying profit before tax #37.22m - up 30.0% New profit $27.19m - up 31.5% Cash reserves and other financial assets $94.53m - up 4.4% Company remains debt-free Fully-franked interim dividend 13c per share Leading health imaging company Pro Medicus Limited [ASX: PME] today announced a half-year net profit of $27.19 million for the six months to the end of December 202, 31.5% higher than for the previous corresponding period. Revenue from ordinary activities increased by 28.3% to $56.89 million. The company's cash reserves and other financial assets at 31 December 2022 were $94.53 million - up 4.4%. Pro Medicus announced a fully-franked interim dividend of 13c per share. The company remains debt free. The period represented the strongest half-year in the company's history. During the six months, Pro Medicus made the following key announcements: Three contract wins with a combined minimum value of A$16.5 million: Montage Health, a regional health system in Monterey, California. Children's Hospital of Philadelphia (CHOP), one of North America's leading academic children's hospitals. Bay Imaging Consultants, a private radiology group in San Francisco. The University of Florida (Gainesville and Jacksonville) re-contracted for a further seven years, with a minimum contract value of A$15.5 million. A $15 million 7-year contract with Luminis Health, a Maryland-based not-for-profit integrated delivery network that serves communities in central Maryland from Washington DC to Delaware. The company continued to grow in the North American market during the period (revenue up 38.6%) with three major implementations completed - Novant Health, Allina Health and Inova Health and is actively pursuing a growing number of opportunities in key
30 January 2023; PME Signs Samaritan Health Services - Acrobat pdf 114k Highlights PME signs 8-year, AUD $12M deal with Oregon-based Samaritan Health Services Visage to replace legacy PACS throughout the Samaritan Health Services network Contract includes Visage 7 Open Archive and Visage 7 Workflow in addition to Visage 7 Viewer Visage 7 platform to be installed in the cloud Continues PME’s rapid expansion into North American integrated delivery networks Transaction-based model with potential upside Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its wholly owned U.S. subsidiary, Visage Imaging, Inc., has signed a $12M, 8-year contract with Oregon- based Samaritan (“Samaritan”) Health Services, a community-based, integrated delivery network (IDN) based in Oregon. Samaritan has five hospitals in the mid-Willamette Valley and central Oregon Coast. Based on a transactional licensing model, the contract will see the company’s cloud-engineered Visage 7 Enterprise Imaging Platform (‘Visage 7’), including Visage 7 Open Archive and Visage 7 Workflow modules, implemented throughout Samaritan providing a unified diagnostic imaging platform across the network. Planning for the rollout is to commence immediately and will be based on Visage’s proven cloud-based implementation process, with initial go-lives targeted for the second half of the 2023 calendar year. “Samaritan joins our growing list of IDN clients and will reinforce our strong presence in the Northwest region of the United States,” said Dr Sam Hupert, Pro Medicus CEO. “IDNs are the largest market segment in North America, and this is our fifth material IDN contract in the last 12 months.” Samaritan has opted for a fully cloud-based solution, a trend that has continued to spread across the North American healthcare IT market. “This deal represents another “full-stack” Visage 7 solution comprising all three Visage products
20 January 2023; Company Announcement - UW Medicine - Acrobat pdf 115k Highlights PME signs 7-year, AUD $25M deal with Seattle-based UW Medicine Visage to replace legacy PACS throughout the UW Medicine network Contract includes Visage 7 Open Archive and Visage 7 Workflow in addition to Visage 7 Viewer Visage 7 platform to be fully deployed in the cloud Continues PME’s rapid expansion into North American Tier 1 academic institutions Transaction-based model with potential upside Leading health imaging company Pro Medicus Limited [ASX: PME] today announced its wholly- owned U.S. subsidiary, Visage Imaging, Inc., has signed a $25M, 7-year contract with the University of Washington’s UW Medicine, a Tier 1 academic health system based in Seattle, Washington. UW Medicine has multiple campuses throughout the Seattle area and employs 29,000 healthcare professionals, researchers, and educators. It is also the home of the highly regarded University of Washington School of Medicine. Based on a transactional licensing model, the contract will see the company’s cloud-engineered Visage 7 Enterprise Imaging Platform (‘Visage 7’), including Visage 7 Open Archive and Visage 7 Workflow modules, implemented throughout UW Medicine providing a unified diagnostic imaging platform across the network. Planning for the rollout is to commence immediately and will be based on Visage’s proven cloud-based migration and implementation process, with initial go-lives targeted for the second half of the 2023 calendar year. UW Medicine has opted for a fully cloud-based solution, a trend that has taken a major foothold in the North American healthcare IT market. “UW Medicine joins our growing list of Tier 1 academic clients and will provide us with a strong presence in the Northwest region of the United States,” said Dr Sam Hupert, Pro Medicus CEO. “With its highly regarded