Revenue was down 7.3% y-o-y to $18.7 million, as the company, which was known as Metal Components Engineering, generated lower turnover from its old metals parts business.
Meta Health, which is in the midst of transforming its core business focus from metals parts to healthcare, has reported a loss of $2.8 million for 1HFY2022, versus slight earnings of $11,000 in the year-earlier 1HFY2021.
Excluding one-off expenses related to the shutdown of one of its factories in Thailand, stock-based compensation and professional fees incurred for the investments in the new healthcare business in 1H2022, Meta Health recorded an adjusted net loss of $1.5 million for 1H2022.
