Patient Home Monitoring Corp. Announces Unaudited Earnings Results for the First Quarter Ended December 31, 2012; Announces Audited Earnings Results for the Year Ended September 30, 2012
For the full year of 2012, the company reported, increased annual revenue to $3,901,058 from $1,443,708, a 170% increase over the prior year. Narrowed Adjusted EBITDA losses to $107,004 in 2012 from $1,378,312 in 2011. Adjusted EBITDA was $53,001. Generated $990,312 in Adjusted EBITDA before patient acquisition costs (operating profit), a swing of $1,420,990 from fiscal 2011. Net loss was $539,763.