The loss was a $22million improvement from the previous corresponding period.
Net cash at balance date was $6million. Revenue fell 4% to $199million.
The company also announced it was undertaking a $32million rights offer to provide additional financial resources. All eligible shareholders would be able to subscribe for new shares at 90c on a two-for-nine basis.
Chief executive and majority shareholder Ian McCrae said in a statement the 2018 financial year was an important year for the company as the business focused on its drive to profitability during the second half of the year.
The rights offer and existing banking facilities gave the business the financial resources to achieve that objective.
Mr McCrae, who owns 50.8% of the company, would take up $15million of shares in the rights offer and 9.6% shareholder G.A. Cumming, together with all New Zealand-based directors, had committed to take up their full entitlements in support of the rights offer.
First NZ Capital was underwriting the balance of the offer.
In February, the five district health boards in the South Island announced they would share the same Orion clinical workstation for hospital care, and the same system to connect secondary and primary care.
The rollout was expected to be completed in June and would mean all care providers on the HealthOne platform would have access to the same medical records, Mr McCrae said.
The business had recently undertaken an organisational review which had reduced costs by about $10million on an annualised basis.
The company had signed new agreements in North America, including a significant contract with St Francis HealthCare Partners, a growing network of more than 1000 independent healthcare providers servicing more than 500,000 patients in Connecticut.
A key aspect of the contract was the service was hosted by Amazon Web Services and would be delivered on a subscription basis.
As previously advised, Orion was in the process of moving US customers to the cloud, Mr McCrae said.
The company was committed to its partnership with Amazon, which continued to expand its global footprint. In turn, that would enable Orion to provide cloud-based services in all of its major markets.
Orion shares yesterday closed down 16c to $1.04.
