MedAvail Holdings, Inc (MDVL) Reports In-Line Q3 EPS
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MedAvail Reports Third Quarter 2022 Financial Results
November 10, 2022 4:05 PM ESTPHOENIX, Nov. 10, 2022 (GLOBE NEWSWIRE) -- MedAvail Holdings, Inc. (Nasdaq: MDVL) (MedAvail) a technology-enabled pharmacy company, today reported financial results for the three months ended September 30, 2022.
During the third quarter, we made significant progress on our key milestones we achieved and exceeded our target of 100 dispensing MedCenters, delivered gross margin expansion for the second consecutive quarter, and reached savings of 26% on our cash burn rate over the fourth quarter of 2021. We are also pleased with our third quarter performance; despite some headwinds, we continued to meaningfully broaden our retail pharmacy footprint and continued to... More
