Reported Q: Q2 2024 Rev YoY: N/A EPS YoY: N/A Move: 0.00%
Clearbridge Health
1H3.SI
SGD0.00100 0.00%
Exchange SES Sector Healthcare Industry Medical Diagnostics Research
Q2 2024
Published: Jun 30, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for 1H3.SI

Reported

Report Date

Jun 30, 2024

Quarter Q2 2024

Revenue

2.27M

YoY: N/A

EPS

0.00

YoY: N/A

Market Move

0.00%

Previous quarter: N/A

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Earnings Highlights

  • Revenue of $2.27M up 0% year-over-year
  • EPS of $0.00 increased by 0% from previous year
  • Gross margin of 45.1%
  • Net income of -1.16M
  • "Not available" - Not available
1H3.SI
Company 1H3.SI

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Executive Summary

Clearbridge Health reported a modest top-line in QQ2 2024 with revenue of SGD 2.2735 million and a gross margin of 45.1% (SGD 1.0255 million gross profit). However, the quarter remains unprofitable on both an EBITDA and net income basis, with EBITDA of SGD -1.086 million and net income of SGD -1.163 million. Operating leverage is constrained by elevated operating expenses (SGD 2.551 million), yielding an operating loss of SGD -0.278 million and a negative operating margin of -12.2%. Net cash from operating activities was SGD -2.145 million, contributing to free cash flow of SGD -2.233 million. Cash and cash equivalents stood at SGD 1.586 million at period end, while total debt stood at SGD 6.752 million (net debt SGD 5.166 million) against total assets of SGD 19.585 million. Intangibles and goodwill remain a material portion of the balance sheet (goodwill SGD 10.914 million). Retained earnings sit at SGD -87.737 million, signaling a long-running cumulative earnings deficit. While the business demonstrates a viable gross margin and a diversified service footprint, the near-term investment thesis depends on the ability to shift the cost base, monetize higher-value services, and/or accelerate revenue growth to achieve EBITDA and net income profitability. There is no explicit forward guidance provided in the data; the key near-term drivers will be revenue realization, cost discipline, and balance sheet optimization. Investors should monitor: (i) the pace of utilization and contribution from imaging and clinical services, (ii) operating expense containment relative to revenue, and (iii) the trajectory of working capital and debt maturities.

Key Performance Indicators

Revenue
Stable
2.27M
QoQ: N/A | YoY: N/A
Gross Profit
Stable
1.03M
45.11% margin
QoQ: N/A | YoY: N/A
Operating Income
Stable
-277.50K
QoQ: N/A | YoY: N/A
Net Income
Stable
-1.16M
QoQ: N/A | YoY: N/A
EPS
Stable
0.00
QoQ: N/A | YoY: N/A

Revenue Trend

Margin Analysis

Historical Earnings Comparison

PeriodRevenue ($M)EPS ($)YoY GrowthReport
Q4 2025 5.01 0.00 +120.5% View
Q2 2025 2.46 0.00 +0.0% View
Q1 2025 2.46 0.00 +0.0% View
Q4 2024 2.50 0.00 +0.0% View
Q2 2024 2.27 0.00 +0.0% View