Medical Connections Holdings, Inc. has announced its third quarter 2010 results
Medical Connections Holdings, Inc. has announced its operating results for the third quarter ended September 30, 2010.
Revenue for the third quarter was $2,264,713 an increase of $711,814, or 46%, when compared to the $1,552,899 in revenue for the same period one year ago.
Operating expenses decreased $736,287 to $1,495,232, or 33%, during the period. The loss from operations for the three months ended September 30, 2010 showed a 44% improvement, dropping to $986,271 for the period, compared to $1,758,965 for the third quarter of 2009.
The Company's President, Anthony Nicolosi, said, "We are pleased to see that our efforts have resulted in a record-breaking quarter for Medical Connections. Our focus on quality revenue growth and expense containment are certainly delivering positive results. In addition, we are continuing our efforts towards acquiring a healthcare staffing company that best fits our operating strategy. We would like to express our appreciation to our shareholders for their support of management changes that have clearly resulted in considerable improvements for our Company."