- Q&M Dental Group (SGX:QC7)’s revenue grew by 5.8% y-o-y and 9.7% h-o-h in 2H23 to S$95.6m; management shared during its analyst briefing on 8 Mar 24 that the revenue growth was predominantly driven by higher bill sizes.
- - Read this at SGinvestors.io -
Better operational efficiencies supported growth in 2H23
- We think that the higher bill sizes were a result of better dental treatment plans, as Q&M Dental had previously disclosed in its 1H23 briefing that it was looking to improve the productivity of its dentists.
- Q&M Dental also disclosed in its FY23 results announcement that as of 4Q23, it has mandated its dentists to attend certain technical training courses to improve their skillsets, which we think would support higher revenue intensity across its clinics.
Managing costs by rationalising footprint and relocating clinics
- - Read this at SGinvestors.io -
- Management shared that this is part of Q&M Dental’s conscious efforts to manage its operating overheads from loss-making clinics and higher rental rates.
Divestment of AI venture EM2AI reduces funding requirement
- Read more at SGinvestors.io.
