12:18:01 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



LED Medical Diagnostics Inc
Symbol LMD
Shares Issued 100,393,519
Close 2015-07-08 C$ 0.25
Market Cap C$ 25,098,380
Recent Sedar Documents

LED Medical estimates Q2 revenue of $3-million (U.S.)

2015-07-09 01:30 ET - News Release

Dr. David Gane reports

LED MEDICAL DIAGNOSTICS ANNOUNCES PRELIMINARY Q2 2015 FINANCIAL RESULTS

LED Medical Diagnostics Inc.'s preliminary revenue numbers for the quarter ended June 30, 2015, are expected to be in the range of $3.0-million to $3.3-million -- dollars in this news release are in U.S. dollars -- representing an approximate 100-per-cent increase over the prior-year period of $1.6-million. The company had expected that its year-to-date revenue for the six-month period ended June 30, 2015, to be in the range of $5.4-million to $5.6-million, representing a significant increase of 115 per cent over the prior-year period of $2.6-million. These revenue results are preliminary only and subject to finalization by the company.

"Our experienced team is executing according to plan," stated Dr. David Gane, chief executive officer of LED Medical. "We continue to experience growth as a result of our growing portfolio of best-of-breed imaging solutions and services, combined with industry-leading customer service. More than ever, before digital-imaging technologies are foundational and mission critical to the modern dental practice, LED is carving out a niche as a premium provider in this space. The future prospects of the company continue to build along with our growing customer base. We anticipate leveraging our sales momentum into the balance of the year and do reaffirm our previously provided revenue guidance of $15.0-million to $16.0-million for our fiscal 2015 year ended Dec. 31, 2015."

This guidance is intended solely to give investors an understanding of management's expectations for the full fiscal year 2015. The guidance does not take into account, or give effect for, any events that are beyond the company's reasonable control.

A quarterly conference call to review second quarter results will be held when results are announced.

We seek Safe Harbor.

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