11:21:58 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



DMD Digital Health Connections Group Inc
Symbol DMG
Shares Issued 199,092,947
Close 2015-11-25 C$ 0.20
Market Cap C$ 39,818,589
Recent Sedar Documents

DMD Digital earns $1.1-million in Q3

2015-11-25 20:51 ET - News Release

Mr. Andre Charron reports

DMD ANNOUNCES FINANCIAL RESULTS FOR THIRD QUARTER AND FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2015

On Nov. 25, 2015, DMD Digital Health Connections Group Inc. filed its financial statements and management's discussion and analysis. It had a net income of $6.0-million on revenues of $22.2-million for the nine-month period ended Sept. 30, 2015, compared with a net income of $900,000 on revenues of $14.9-million for the nine-month period ended Sept. 30, 2014, an improvement of $5.1-million. The net income for the nine-month period includes a gain on extinguishment of debt of $3.1-million realized in the first six months of 2015.

For the three months ended Sept. 30, 2015, the company reported a net income of $1.1-million on revenues of $8.0-million compared with a net income of $100,000 on revenues of $4.7-million for the three months ended Sept. 30, 2014.

The company reported an operating income before net finance expense and gain on extinguishment of debt of $4.5-million for the nine-month period ended Sept. 30, 2015, compared with an operating income before net finance expense of $2.4-million for the nine-month period ended Sept. 30, 2014, an improvement of $2.1-million. The operating income before net finance expense for the three-month period ended Sept. 30, 2015, reached $1.6-million compared with an operating income before net finance expense of $600,000 for the three-month period ended Sept. 30, 2014. Operating income for the three-month period reached 20 per cent of sales compared with 12 per cent for the corresponding period in 2014.

Revenue increased by $3.2-million for the three-month period ended Sept. 30, 2015, compared with the three-month period ended Sept. 30, 2014, while gross margin increased by $2.3-million, from $2.3-million in 2014 to $4.6-million for the three-month period ended Sept. 30, 2015. In addition to a more favourable exchange rate, the company has a larger client base and a wider health care segment penetration. The company has also been able to change its product mix whereby the company's higher-margin products and services are increasing in relative importance.

Complete financial statements and MD&A for the three-month and nine-month periods ended Sept. 30, 2015, are available on SEDAR.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.