Hooper Holmes (HH) Reports Q3 Loss of $0.03

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Go back to Hooper Holmes (HH) Reports Q3 Loss of $0.03

Hooper Holmes Announces Third Quarter 2015 Financial Results

November 12, 2015 7:30 AM EST

OLATHE, Kan.--(BUSINESS WIRE)-- Hooper Holmes (NYSE MKT: HH) today announced financial results for the quarter ended September 30, 2015, reporting an 18% increase in revenues, a 15% improvement in gross profit and a significantly reduced net loss compared to the quarter ended September 30, 2014. The Company also filed an initial S-1 registration statement with the Securities and Exchange Commission to raise $4.0 million in capital through a rights offering to existing shareholders.

Consolidated revenues totaled $9.3 million for the third quarter of 2015, representing an increase of 18% from $7.9 million in the third quarter of 2014, due to additional revenue from the... More