Tuesday, November 06, 2018 2:41:27 PM
Oct.16, 2018 and what will announce on Nov.14,2018
WEST PALM BEACH, Fla., Oct. 16, 2018 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (RNVA), (RNVAW), (“Rennova” or the “Company”), a vertically integrated provider of industry-leading diagnostics and supportive software solutions to healthcare providers that acquired its second rural hospital in Tennessee on June 1, 2018, announces that its third quarter revenues demonstrate continued growth momentum.
Rennova is pleased to announce preliminary third quarter net revenues of approximately $5.4 million. This number remains subject to final review and potential adjustment before the quarterly financial statements are filed. This represents an increase of approximately $2.1 million from the reported net revenues from the second quarter and an approximately $4.0 million increase from the third quarter in 2017. This quarter’s revenue includes a full three months of operations of Rennova’s second hospital, which it acquired on June 1, 2018. The Company continues to take a conservative position on revenue recognition in hospital operations and will maintain this position until we have adequate historical experience to evidence total collection rates.
I don't know what are you waiting for?
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