Article: NetMed Announces Third Quarter Results; Net Loss of $315,000 Compared to $1,781,000 for the Same Quarter Last Year.

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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