MGC Diagnostics (MGCD) Reports Q1 Loss of $0.13/Share
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MGC Diagnostics Corporation Reports Fiscal 2015 First Quarter Results
March 5, 2015 6:00 AM ESTSAINT PAUL, Minn., March 5, 2015 /PRNewswire/ --Â MGC Diagnostics Corporation (NASDAQ: MGCD), a global medical technology company, today reported financial results for the first quarter ended January 31, 2015.
2015 first quarter domestic equipment, supplies and accessories revenues increased 24.5% to $4.6 million, compared to $3.7 million in the 2014 first quarter. During the quarter, competitive account conversions totaled 10 accounts, or $338,000 in revenue, compared to 14 accounts, or $662,000 in revenue for the same quarter last year, and MediSoft contributed domestic revenues of $119,000 from its U.S. distributor. Excluding the effect of revenues from competitive conversions and domestic... More