LED Medical Diagnostics Inc. Announces Earnings Results for the Three Months and Nine Months Ended September 30, 2018
LED Medical Diagnostics Inc. announced earnings results for the three months and nine months ended September 30, 2018. For the three months, the company reported revenue of $3,400,904, this includes $61,761 of sales delivered in Quarter 1 and $92,642 of sales delivered in Quarter 2 of fiscal 2018, invoiced in the Quarter 3 period. This represents an increase of 6% from the three months ended September 30, 2017. EBITDA for the three months ended September 30, 2018 was $385,624 from a loss of $58,673 in the three months ended September 30, 2017. Net loss was $176,507 for the three months ended September 30, 2018 compared to net loss of $1,447,713 for the three months ended September 30, 2017.
For the nine months, the company reported revenue of $10,404,183 against $8,994,878 a year ago. EBITDA for the nine months ended September 30, 2018 was $513,775 representing an increase from negative EBITDA of $782,604 in the prior year period. Net income for the nine months ended September 30, 2018 was $278,317 representing a significant improvement from a net loss of $1,630,441 in the prior year period.