07:42:09 EDT Fri 26 Apr 2024
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DMD Digital Health Connections Group Inc
Symbol DMG
Shares Issued 193,078,780
Close 2014-11-20 C$ 0.04
Market Cap C$ 7,723,151
Recent Sedar Documents

DMD Digital Health earns $100,000 in Q3

2014-11-26 20:44 ET - News Release

Mr. Andre Charron reports

DMD ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER AND FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2014

DMD Digital Health Connections Group Inc., formerly known as Aptilon Corp., had a net income of $900,000 for the nine-month period ended Sept. 30, 2014, on revenues of $14.9-million, compared with a net loss of $1.9-million on revenues of $12.5-million for the nine-month period ended Sept. 30, 2013, an improvement of $2.4-million. The company reported an operating income before net finance expense of $2.4-million for the nine-month period ended Sept. 30, 2014, compared with an operating income before net finance expense of $1.1-million for the nine-month period ended Sept. 30, 2013.

Over the past two years, the company has introduced new products and services, and brought changes to its sales team that enabled the company to successfully increase its sales and expanded its client base. The first nine months of the year reflect the success of these changes, as well as continued growth in large pharmaceutical accounts. In the latest quarter, the company launched Superfile, which comprehensively covers the demographic, affiliation and practice data for one million physicians and five million mid-level health practitioners. The company also renegotiated a portion of its long-term debt in the last quarter of 2013, which had a positive impact on net income through the reduction of net finance expense of $1.4-million for the nine-month period ended Sept. 30, 2014.

For the three months ended Sept. 30, 2014, the company reported a net income of $100,000 on revenues of $4.7-million, compared with a net loss of $300,000 on revenues of $4.3-million for the three months ended Sept. 30, 2013. The company reported an operating income before net finance expense of $600,000 for the quarter ended Sept. 30, 2014, compared with an operating income before net finance expense of $700,000 for the quarter ended Sept. 30, 2013.

During the quarter, the company continued to improve and expand its data services product offering to consolidate its position as the e-mail communication channel of choice for health care companies to reach professionals through Web and mobile technology. Complete financial statements, and management's discussion and analysis, for the nine-month and three-month periods ended Sept. 30, 2014, are available on SEDAR.

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