Connect with us

Business

Here’s why the Resapp (ASX:RAP) share price closed 5% lower

Published

on

The Resapp Health Ltd (ASX: RAP) share price spent today in the red after the company’s 1HY21 results came out this morning.

Apparently, investors weren’t impressed with the results and sent ResApp shares down 5.0% to close at 5.6 cents a share.

The company develops and commercialises its ResApp technology to provide healthcare solutions for respiratory disease. Let’s review the results to decipher what pushed the ResApp share price down for the day.

ResApp Health posts first-half loss

For the period ended 31 December 2020, the healthcare solutions provider reported a net loss of $3.1 million compared to the $3.8 million loss posted for 1HY20.

ResApp’s net asset position was $5.5 million.

At the end of 1HY21, ResApp…



Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Why the Service Stream (ASX:SSM) share price could come under pressure on Thursday
Macquarie Telecom (ASX:MAQ) share price on watch with more growth in HY21