LED Medical Diagnostics Inc. Announces Financial Results for the First Quarter Ended March 31, 2017
LED Medical Diagnostics Inc. announced financial results for the first quarter ended March 31, 2017. The company reported revenue of $2.098 million, which is a decrease of 2% from the three months ended March 31, 2016 and a 13% increase in revenues from the three months ended December 31, 2016. The net loss was $1.08 million for the three months ended March 31, 2017, as compared to a net loss of $2.05 million for the three months ended March 31, 2016. Cash flow used in operations was $1.39 million during the three months ended March 31, 2017 compared to $684,000 during the three months ended March 31, 2016.