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Enter Symbol
or Name
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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

ORIGINAL: DMD announces financial results for third quarter and for the nine-month period ended September 30, 2015

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

(via Thenewswire.ca)

Montreal, QUEBEC / TheNewswire / November 25, 2015 - On November 25, 2015, DMD Digital Health Connections Group Inc. ("DMD" or the "Company") (NEX: DMG.H), a leader in digital intelligence for the health industry filed its financial statements and MD&A reporting a net income of $6.0 million on revenues of $22.2 million for the nine-month period ended September 30, 2015 compared to a net income of $0.9 million on revenues of $14.9 million for the nine-month period ended September 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 September 30, 2015, the Company reported a net income of $1.1 million on revenues of $8.0 million compared to a net income of $0.1 million on revenues of $4.7 million for the three months ended September 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 September 30, 2015 compared to an operating income before net finance expense of $2.4 million for the nine-month period ended September 30, 2014, an improvement of $2.1 million. The operating income before net finance expense for the three-month period ended September 30, 2015 reached $1.6 million compared to an operating income before net finance expense of $0.6 million for the three-month period ended September 30, 2014. Operating income for the three-month period reached 20% of sales compared to 12% for the corresponding period in 2014.

Revenue increased by $3.2 million for the three-month period ended September 30, 2015 compared to the three-month period ended September 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 September 30, 2015. In addition to a more favorable exchange rate, the Company has a larger client base and a wider healthcare 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 September 30, 2015 are available on SEDAR at www.sedar.com


About DMD Digital Health Connections Group Inc. ("DMD")

DMD enables pharmaceutical, pharmaceutical marketing companies, digital advertising agencies and medical device companies to effectively reach, message, connect and interact with US physicians and healthcare professionals via multiple access channels. Its innovative service offerings provide targeted impressions and interactions through permission-based email, targeted on-line ad-serving, and mobile app advertising channels. Top pharmaceutical companies, agencies and respected healthcare organizations have adopted DMD's solutions to target, engage and interact with leading healthcare practitioners. For more information, visit www.dmdconnects.com .


Forward-looking statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management of DMD. A number of factors could cause actual events, performance or results to differ materially from the events performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and DMD does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither NEX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

-30-

Contact Information

Andre Charron

CFO

DMD Digital Health Connections Group Inc.

514-769-5858
acharron@dmdconnects.com

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