BERKELEY HEIGHTS, N.J., Feb. 10, 2011 (GLOBE NEWSWIRE) -- Authentidate Holding Corp. (Nasdaq:ADAT), a worldwide provider of secure health information exchange, workflow management services and telehealth solutions, today announced financial results for the three and six month periods ended December 31, 2010.
- Added several new projects for Inscrybe® Healthcare and ExpressMD's Electronic House Call™ telehealth solution, including Visiting Nursing Association of Western New York, Chicago VNA, Inc., Lehigh Valley Respiratory Care, Primary Wound Care and a telehealth distribution agreement with Rotech Healthcare Inc. that have been announced.
- Increased U.S. revenues for the quarter and six month periods over the same periods last year and, excluding the non-cash goodwill impairment charge discussed below, reduced operating and net loss amounts for the current year periods.
- Announced a settlement agreement that, if final approval is granted by the court, resolves the shareholder class action suit.
- Strengthened our balance sheet with the sale of certain non-core assets in July 2010 for net proceeds of approximately $2.35 million and the private placement of the company's securities in October 2010 for net proceeds of approximately $4.46 million.