28 Apr 2015

Share lift for Orion Health

1:59 pm on 28 April 2015

Shares of Orion Health have jumped three percent in morning trading after it reported a lift in its fourth quarter cashflow compared with the previous quarter.

Orion Health chief executive and majority stakeholder, Ian McCrae, rings the bell as the software company launches on the NZX this morning, with Orion chair Andrew Ferrier (right), and surrounded by the executive team.

Orion Health chief executive and majority stakeholder, Ian McCrae, rung the bell when the software company launched on the NZX last year, with Orion chair Andrew Ferrier (right), and the executive team. Photo: RNZ / Nona Pelletier

The healthcare software and services company's net operating cash flow in the three months to the end of March was $800,000, compared with an outflow of $25.8 million in the three months to 31 December.

Unaudited operating revenue for the year has risen seven percent from the previous 12 months to $164 million.

Cash receipts for the final quarter rose but the company warns they will continue to fluctuate.