DYNAMIC HEALTHCARE TECHNOLOGIES, INC. REPORTS FIRST QUARTER RESULTS.MAITLAND Maitland, city (1991 pop. 45,209), New South Wales, SE Australia, on the Hunter River. It is a railroad junction and agricultural center with light manufacturing. Maitland began as a convict settlement in 1824. The river has flooded in 1893, 1949, and 1955. , Fla.--(BUSINESS WIRE)--April 26, 1996--Dynamic Healthcare Technologies, Inc., (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DHTI DHTI Digital Home Technology Integration ) today announced operating results for the first quarter ended March 31, 1996. The Company reported revenues of $2,310,000 for the three months ended, marking the fifth consecutive quarter in which the Company reported revenues in excess of two million dollars. Upon completion of its Restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). and Refinancing Refinancing An extension and/or increase in amount of existing debt. Plans during 1995, the Company had returned to profitability during the third and fourth quarters of 1995 at revenue levels below the amount reported for the first quarter of 1996. However, during the fourth quarter of 1995, Management began the process of significantly increasing the sales and marketing force in preparation for the launch of the Company's new DynamicVision(TM) product line. As Management had projected, this resulted in a $250,000 increase in sales, marketing, and operational expenditures during the first quarter of 1996 as compared to the fourth quarter of 1995, and more than a $300,000 increase over the levels reported for the third quarter of 1995. The Company's DynamicVision product is an enterprise-wide, multi-media electronic health record solution which enables a physician or caregiver care·giv·er n. 1. An individual, such as a physician, nurse, or social worker, who assists in the identification, prevention, or treatment of an illness or disability. 2. to view all the components of a patient's current and historical health record from a single workstation. The product was comprehensively demonstrated at the Healthcare Information Management and Systems Society (HIMSS HIMSS Healthcare Information and Management Systems Society ) Conference and Exhibition held in Atlanta, GA, during the first quarter of 1996. -0-
SELECTED FINANCIAL DATA
(In thousands, except per share data)
Three Months Ended
March 31
1996 1995
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Total Operating Revenues $2,310 $2,234
Operating Income (Loss) $ (323) (366)
Net Earnings (Loss) $ (367) (443)
Earnings (Loss) Per Share $(0.06) $(0.07)
Management believes that the build up of costs in research and development, sales, marketing, and capital investments supports its business plan and will improve long term competitiveness. A growing pipeline of potential sales prospects is being seen by Management and momentum for placements of new system sales System sales is a business term used in the franchising industry. Franchisors provide supplies, marketing and administration services to franchisees in return for a part of the franchisees' revenues. Some franchisors also operate some outlets directly. has significantly increased in a market that works with typically lengthy sales cycles of six to eighteen months. The Company intends to continue to enhance its product and services offerings and to seek market expansion opportunities beyond the anticipated acquisition of Dimensional Medicine, Inc. Dynamic Healthcare Technologies, Inc. develops, markets, installs, and supports clinical information systems, document imaging solutions and DynamicVision, an enterprise-wide, multi-media software and services solution that integrates health-related data from many sources into a comprehensive electronic health record. DynamicVision is a trademark of Dynamic Healthcare Technologies, Inc. CONTACT: Dynamic Healthcare Technologies, Inc. Mary Lu Lander, Vice President, Marketing or Mitchel J. Laskey, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. 1-800-832-3020 |
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