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Business Summary: Wearable Health Solutions, Inc., formerly Medical Alarm Concepts Holding, Inc., manufactures medical alarm devices that are used to summon help in the event of an emergency. The Company's major product is called the MediPendant, which is a personal emergency alarm that is used to summon help in the event of an emergency at home. The MediPendant offers a product that has the speaker in the pendant, enabling the user to speak and listen directly through the pendant in the event of an emergency. The Company also manufactures the iHelp mobile medical alarm device. Users of the iHelp mobile medical alarm can take the device with them wherever there is cellular service. The iHelp has various features and functions, including a global positioning system, the ability to remotely locate a loved one, and a dealer portal that enables dealers to manage their own iHelp customer base. The Company's iHelp+ 3G is a cellular medical alert system that operates on a third generation (3G) network.
Financial Summary: BRIEF: For the fiscal year ended 30 June 2019, Wearable Health Solutions Inc revenues increased 4% to $1M. Net loss decreased 69% to $87K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects General and administrative decrease of 15% to $806K (expense), Selling expense decrease of 6% to $5K (expense).