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ALR Technologies SG Ltd

alrt.com

What Do They Do?

Develops diabetes-management software and glucose-monitoring products for healthcare providers, patients and veterinary clinics.

How Do They Make Money?

The company sells GluCurve Pet CGM units to distributors and bills them when the units are delivered.

FY2023 revenue

Who Are Their Customers?

For GluCurve, it targets veterinary clinics and animal-health businesses; for Diabetes Solution, it targets healthcare providers and pharmaceutical companies. Sales are described through distributors and partners' networks, with a planned direct-to-veterinarian channel in Canada.

Do Revenues Turn Into Profits?

No. It lost $7.5M in FY2023.

Operating income, FY2023
−18852% of revenue
▼ Now a loss vs FY2022 ($4.3M, 180380%)
Net income, FY2023
−29270% of revenue
▼ −30% (Loss) vs FY2022 (−$10.6M, −448619%)

How Are They Changing?

GluCurve sales channels The older report described Covetrus as having exclusive rights to sell GluCurve Pet CGM; the latest says that agreement expired and outlines a planned direct-to-veterinarian sales model in Canada while the parties discuss a new agreement.

Who Do They Compete With?

Competes with Livongo, Glooko, WellDoc, Medtronic, iGlucose, and Microsoft HealthVault

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