Oneview Healthcare PLC (ONVVF) Q2 2026 Earnings Call Transcript

Operator

Thank you for standing by, and welcome to the Oneview Healthcare plc HY ’26 Half Year Results Call. [Operator Instructions] I’d now like to hand the conference over to Mr. James Fitter, CEO. Please go ahead.

James Fitter
CEO & Executive Director

Thanks very much, and good morning to everyone in Australia, good afternoon to those joining from the United States, and good evening to those joining this late hour here in Dublin, Ireland. First of all, I’d like to, as usual, just draw your attention to the legal disclaimer and particularly to our comments around forward-looking statements. I’d also like to remind everyone that we are a calendar year company, so we’re reporting for the first half of 2026 for the 6 months ended June 30 and that our reporting currency is euros. I am joined here in Dublin by Darragh Lyons, our Chief Financial Officer, and Toni Pettit, our Company Secretary, and thank you both for joining me this evening.

So in terms of agenda, as usual, we’ll start with the financial performance. We will look at commercial momentum, updates on product and innovation, the outlook and obviously save some time for questions at the end.

So first half of 2026 has been a period of great progress on our path to scalable growth. Our recurring revenue, which is the true measure of any software business, grew by 13% year-over-year. Our gross margin very pleasingly jumped 9 points from 61% to 70%, offsetting the impact of the decline in nonrecurring revenue, which continues to be lumpy and volatile. In March this year, we completed a $19 million placement in