Mobile-health Network Solutions
MNDR Healthcare Health Information Services
Mobile-health Network Solutions' revenue for fiscal 2025 (year ended June 2025) was $7.6 million, down 45.3% from fiscal 2024.
Follow MNDR
Mobile-health Network Solutions (MNDR) Beneish M-score
Mobile-health Network Solutions's Beneish M-score for fiscal 2025 is 3.35; values above −1.78 are the model's flag for possible earnings manipulation — a statistical screen, not a finding.
Beneish M-score, annual
Embed this chart
Annual newest first
| Period | Beneish M-score | Change (points) |
|---|---|---|
| FY2025 | 3.35 | 11.41 |
| FY2024 | −8.06 | (6.39) |
| FY2023 | −1.66 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Days’ sales in receivables index | 2.52 | — | 2.32 | |
| Gross margin index | 1.09 | — | 0.57 | |
| Asset quality index | 10.13 | — | 4.09 | |
| Sales growth index | 0.55 | — | 0.49 | |
| Depreciation index | 0.74 | — | 0.08 | |
| SG&A index | 0.47 | — | −0.08 | |
| Total accruals to total assets | 0.22 | — | 1.03 | |
| Leverage index | 0.96 | — | −0.31 | |
| Beneish M-score | Flagged by the model | 3.35 | ||
How the Beneish M-score works
M = −4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI (Beneish, 1999): eight changes in the accounts from one fiscal year to the next, which the model weighs for the pattern seen in companies that later restated their earnings. Higher is worse.
| below −2.22 | Low — no pattern the model associates with manipulation |
|---|---|
| −2.22 to −1.78 | Elevated |
| above −1.78 | Flagged by the model |
−1.78 is the cut-off usually quoted from the paper, −2.22 a common conservative one. A statistical screen, not a finding of wrongdoing.
When asset quality, depreciation or SG&A cannot be worked out, that index is set to 1, as Beneish did, and the breakdown says so; with all three missing there is no score. Depreciation includes amortisation, and asset quality leaves out securities. Not worked out for banks, insurers and REITs.
Beneish M-score against peers
| Company | Beneish M-score |
|---|---|
| ICCT iCoreConnect Inc. compare | −26.0× |
| ACON Aclarion, Inc. compare | −7.5× |
| MSPR MSP Recovery, Inc. compare | −6.3× |
| WORX SCWorx Corp. compare | −4.3× |
| VSEED VSee Health, Inc. compare | −4.2× |
| ZCMD Zhongchao Inc. compare | −4.2× |
| LGMK LogicMark, Inc. compare | −2.8× |
| MNDR Mobile-health Network Solutions | 3.4× |
| HLTHQ Cue Health Inc. compare | — |
What Beneish M-score is
The Beneish M-Score combines eight year-on-year changes in the accounts into a statistical screen for patterns seen in companies that overstated earnings.
−4.84 + 0.920 × DSRI + 0.528 × GMI + 0.404 × AQI + 0.892 × SGI + 0.115 × DEPI − 0.172 × SGAI + 4.679 × TATA − 0.327 × LVGI