BERKELEY HEIGHTS, N.J., Nov. 14, 2013 (GLOBE NEWSWIRE) -- Authentidate Holding Corp. (Nasdaq:ADAT) , a provider of secure web-based software applications and telehealth products and services for healthcare organizations, today announced financial results for the three-month period ended September 30, 2013. Selected highlights for the fiscal first quarter include:
- Increased revenues approximately 96% to a record $1.8 million compared to $0.9 million for the prior year quarter. This was a 25% sequential increase compared to the fiscal fourth quarter of 2013. Year-over-year and sequential revenue increases from current operations were primarily due to growth from telehealth products and services.
- Improved operating margins and reduced operating loss and net loss for the quarter compared to the prior year period.
- Started enrolling patients for our Department of Veterans Affairs (VA) telehealth pilot program for Human Immunodeficiency Virus (HIV) patients and announced new customers for our telehealth and referral management solutions.