Dynamic Healthcare Technologies' second quarter results show company's continued progress.MAITLAND, Fla.--(BUSINESS WIRE)--Aug. 4, 1995--Dynamic Healthcare Technologies Inc. (DYNAMIC, DHTI DHTI Digital Home Technology Integration ) today announced operating results for the second quarter ended June 30, 1995. The company reported revenues of $2,267,000 and a net loss of $262,000 for the three months then ended. Reported revenues represent a 61% increase over revenues of $1,401,000 reported for the same period a year ago. Support, maintenance and other revenues increased by $1,236,000, representing a 79% growth over similar revenues reported for the same period in 1994. Application software license revenues reported for the six months ended June 30, 1995 also increased by more than 31% over those reported for the same period a year ago. As evidence of the company's strategic shift in focus from the sale of computer equipment to software and services, revenues from computer equipment for the six months ended June 30, 1995 decreased by over $502,000 as compared to those reported for the same period in 1994: a decline that was more than offset by the increase in support, maintenance and other revenues. As of July 31, 1995, the company was billing annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. recurring re·cur intr.v. re·curred, re·cur·ring, re·curs 1. To happen, come up, or show up again or repeatedly. 2. To return to one's attention or memory. 3. To return in thought or discourse. contract revenues for maintenance and support services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services in excess of $4.1 million. The company also reported 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). plan adopted during the fourth quarter of 1994. 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. commented, "Through the restructuring, we consolidated our resources in Florida, opened a national customer support center and reduced our labor costs through elimination of duplicate DUPLICATE. The double of anything. 2. It is usually applied to agreements, letters, receipts, and the like, when two originals are made of either of them. Each copy has the same effect. job functions." David M. Pomerance, Chief Executive Officer stated, "Our second quarter results are most encouraging. Entering 1995, we had three objectives: (1) streamline operations, (2) reduce expenses, and (3) increase revenues. Clearly, our second quarter results confirm that significant progress has been made on all fronts." Dynamic Healthcare Technologies Inc. is a software developer and marketer of document imaging, laboratory, anesthesiology anesthesiology (ăn'ĭsthē'zēŏl`əjē), branch of medicine concerned primarily with procedures for rendering patients insensitive to pain, and for supporting life systems under the strains of anesthesia and surgery. and other specialty products and services in the healthcare information systems industry. The company's mission is to provide its clients with the software, technologies and services which leverage their investment in existing information systems, and to aggressively bring to market emerging solutions that support the new and diverse healthcare environments and business strategies of the nineties. CONTACT: Dynamic Healthcare Technologies Inc., Maitland Mary Lu Lander, Media or Mitchel J. Laskey, Investor 800/832-3020 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion