Mr. Benjamin concluded, "Although the economic environment has remained challenging, we believe we are well positioned for future growth and profitability. As our markets develop, we have continued to manage our expenses, including expanding our compensation modification program during the quarter to further reduce employee cash compensation. We also converted all director compensation to non-cash equity based grants. We believe the conversion of our Series C preferred stock into common stock will strengthen our balance sheet and allow us to allocate resources to support our growth plans. We remain very excited about the future prospects for our company and will continue to update our shareholders in the coming months as opportunities in our market develop."Revenues for the quarter ended March 31, 2013 were $1,410,000 compared to $764,000 for the prior year period. These results reflect an increase in revenues from both our telehealth products and services and our hosted software services. Revenues for the third quarter increased approximately 34% compared to the second quarter of fiscal 2013 due to higher revenues from our telehealth products and services.
Authentidate Holding Corp. Reports Fiscal 2013 Third Quarter Results
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