Net Medical Xpress Reports Positive 2012 Net Income On 22% Revenue Increase Driven By Rapid Telemedicine Customer Growth And Usage
ALBUQUERQUE, N.M., March 25. 2013 /PRNewswire/ -- Net Medical Xpress Solutions, Inc. (OTCQB: NMXS) announced today 2012 revenue of $3,905,000, a 21.8% gain over revenue of $3,207,000 in fiscal year 2011. The company also reported net income of $5,000, or $0.00 per share versus a net loss in 2011 of ($224,000) or $0.00 per share.
CEO Dick Govatski said, "We are delighted to be able to report positive net income in our most financially successful year ever. Telemedicine is the rising star of the health care industry and we find ourselves on a wave that we believe will carry us quite far.
"Our services ranging from remote patient examinations to critical care specialist programs and related telemedicine services are in increasingly high demand as a result of our growing capability to provide outstanding technology and programs to a marketplace anxiously looking to improve patient care while lowering costs. This has not gone unrecognized by the medical community and consequently our order books are filling up almost daily.
"Our gross profit was a key indicator of our 2012 success reaching 23.6% with some segments over 40%. We believe we will be able to improve this number in 2013."Bottom line -- we are in the right place at the right time. Our programs have expanded from teleradiology to more sophisticated telemedicine programs involving cardiology, neurology and even psychiatry. Remote hospitals benefit from being able to offer top-level care in disciplines they previously could not afford to provide. But now even larger hospital groups are becoming aware of the improvements and savings we can provide them. "We expect 2013 is going to be an outstanding year for our company and our shareholders as we foresee ongoing growth in both customers and usage of our systems and programs. Results for the first quarter of 2013 will be reported in mid-April. Current information suggests we will report a very successful quarter," Govatski said.
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