MDHI is Growing Profits; Gross profit margins have improved from 41% in quarter’s end on March 31, 2013 to 79% in quarter’s end on March 31, 2014. Gross profit for quarter’s end on March 31, 2014 increased to $194,958 from the year earlier at $74,061. Revenues for the three months ended March 31, 2014 were $246,903, an increase of 38% over the $179,110 recorded for the corresponding period in 2013.
Nine-month figures also show year over year improvement with Medical Alarm Concepts Holding, Inc. reporting revenues of $768,494 for the nine months ended March 31, 2014 or a 65% improvement over the $464,475 recorded for the corresponding period ended March 31, 2013
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