Net Medical Xpress Solutions Inc. (OTCMKTS:NMXS): Reported Results of 3Q13

On November 14, 2013, Net Medical Xpress Solutions Inc. (OTCMKTS:NMXS) announced its results for the 3Q13. The amount of revenues of the company for the third quarter of 2013 was $1.229 million which indicates a 27.4% gain over $0.965 million reported in the 3rd quarter of 2013. Net income of the company for the third quarter was $12K as compared to net loss of $18k in the same 3rd quarter a year ago.

For the period of first 9 months of 2013, the revenue of the company increase by 28.4% to $3.656 million as compared to $2.847 million for the same period of first 9 months a year ago. The amount of net income of the company was $66k as compared to net loss of $54k for the period of first 9 months of previous year.

Net Medical Xpress Solutions Inc. (OTCMKTS:NMXS) was benefited from initial results from the new staffing division which was acquired at the end of the 2nd quarter. As expected, the addition of the unit was due to additional revenue during the 3rd quarter of $0.101 million and operating income of $25k.

Revenue of the company from the Net Medical Xpress Specialists segment was increased by 269% to $0.118 million. This segment provides telemedicine services to hospitalsand other medical service providers and employs credentialed specialists in the fields ofcardiology,neurology,psychiatry,pulmonology, critical careand intensive care. The program provides a facility for the accurate and rapid assessments through a video conferencing examination which was supported by the company’s XR-Express, which is an FDA 510k cleared telemedicine management system.For the period of first 9 months the division was increased by 397% to $0.348 million.

Comments by CEO Dick Govatski CEO Govatski said, “This was another quarter of solid progress for our company. Business was good in most of our operating segments with our Services Division the main driver but with ongoing improvement in our Specialists operation.

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