Highlights

  • Visionflex achieved positive Operating Cash Flow in Q4 FY26 and the second half of FY26.
  • FY26 annual Recurring Revenue reached $1.95 million, increasing 3% year-on-year.
  • New contracts included NSW Health and Royal Flying Doctor Service SA/NT deployments.
  • The company launched unattended access capability for remote clinical consultations.

Visionflex Group Limited (ASX:VFX) is a virtual healthcare technology company providing integrated hardware and software solutions that connect healthcare practitioners with patients across metropolitan, regional and remote settings. The company develops platforms that combine clinical examination devices, video consultation capability and remote healthcare tools. During FY26, Visionflex focused on improving cash generation, expanding enterprise partnerships and launching new capabilities to broaden virtual care deployment opportunities.

FY26 Performance Shows Improved Cash Generation and Revenue Mix

Visionflex reported unaudited FY26 revenue of $4.2 million, with the result affected by customer-requested deferrals of hardware deliveries into Q1 FY27. These orders remain committed under executed contracts, with revenue expected to be recognised when shipments occur.

The company recorded customer cash receipts of $4.9 million during FY26, representing growth compared with the previous year. Operating cash outflow reduced significantly, while operating and administration payments declined following workforce restructuring and cost optimisation initiatives.

Annual recurring revenue reached $1.95 million at the end of Q4 FY26, increasing 3% year-on-year. Approximately 25% of Q4 FY26 revenue was recurring, supported by subscription contracts and network expansion programs.

Visionflex continued shifting its revenue profile towards recurring software and support income. FY26 software and support revenue increased to $1.7 million and represented 41% of total revenue.

The company ended FY26 with $1.6 million in cash and access to additional undrawn funding facilities to support operations.

Enterprise Contracts Expand Virtual Healthcare Network

During Q4 FY26, Visionflex secured several healthcare and enterprise contracts supporting broader adoption of its virtual healthcare platform.

NSW Health awarded Visionflex a contract valued at $0.8 million to Supply clinical hardware, including General Examination Cameras (GEIS®) and Video Examination Camera Glass Kits, for the Remote Patient Monitoring Digital Uplift initiative.

The Royal Flying Doctor Service SA/NT secured contracts valued at $0.3 million covering subscription upgrades across existing facilities, expansion into additional locations and development of Visionflex’s unattended access capability.

Additional contracts were secured with Western NSW Primary Health Network, North Coast Primary Health Network, Origin Energy and OnMed.

The company also continued deployments across aged care, Indigenous health, resources and regional healthcare settings. Visionflex reported that its Partnership with Amplar Health expanded through virtual nursing deployments, while BlueCare Queensland renewed facilities under subscription arrangements.

Unattended Access Technology Creates New Deployment Opportunities

Visionflex launched its unattended access capability during Q4 FY26, introducing a new product category that enables clinicians to conduct consultations and remotely operate clinical examination devices without an operator at the patient location.

The technology allows deployment in settings that previously faced operational challenges, including unstaffed clinics, remote resources operations and after-hours aged care environments.

RFDS SA/NT became the first customer for the capability, with deployment planned across its network during Q1 FY27.

The company is also progressing broader product development through improvements in user experience, interoperability and integration capabilities to support larger enterprise deployments.

For FY27, Visionflex plans to focus on customer retention, enterprise contract conversion, expansion of unattended access deployments, growth in subscription revenue and maintaining cost discipline achieved during FY26.

Key Insights

Visionflex is progressing its virtual healthcare technology platform through recurring revenue growth, enterprise customer deployments and new remote care capabilities. FY26 milestones included improved cash generation, new healthcare contracts and the launch of unattended access technology.