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Article: NetMed Announces Third Quarter Results; Net Loss of $315,000 Compared to $1,781,000 for the Same Quarter Last Year.
- Article from:
- PR Newswire
- Article date:
- November 13, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DUBLIN, Ohio, Nov. 13 /PRNewswire/ -- NetMed, Inc. (Amex: NMD) today reported results for the third quarter and nine months ended September 30, 1998. The Company incurred a net loss for the quarter of $315,000 compared with a net loss of $1,781,000 for the same period last year. The net loss for the prior year quarter included the one time financing costs of $1,106,000 from the sale of convertible debentures in August 1997. Total royalty revenues for the third quarter of 1998 were $76,000 compared with $279,000 for the third quarter of 1997. Operating expenses decreased to $373,000 for the quarter compared to $845,000 for the same period in 1997. The net loss for the ...
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