06:02:51 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



LED Medical Diagnostics Inc
Symbol LMD
Shares Issued 114,728,516
Close 2016-10-19 C$ 0.08
Market Cap C$ 9,178,281
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LED Medical expects Q3 2016 revenue of $2.5M (U.S.)

2016-10-20 09:54 ET - News Release

Mr. David Gane reports

LED MEDICAL DIAGNOSTICS ANNOUNCES PRELIMINARY Q3 2016 FINANCIAL RESULTS

LED Medical Diagnostics Inc.'s preliminary gross revenue numbers for the quarter ending Sept. 30, 2016, are $2.5-million (U.S.), representing an approximate 39-per-cent increase over the prior-year period of $1.8-million (U.S.). The company's revenue for the nine-month period ended Sept. 30, 2016, was $8.3-million (U.S.), a year-over-year increase of 11 per cent as compared with the $7.5-million (U.S.) result from the same period of 2015. These revenue results are preliminary only and subject to finalization by the company.

"We move into this year's period of high sales seasonality with two exciting new products to complement our imaging product portfolio," stated Lamar Roberts, president of LED Dental. "The Tuxedo intra-oral sensor and the Rayscan Alpha Plus extra-oral imaging system are expected to make positive contributions to company growth going forward."

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