Viemed Healthcare Announces Financial Results for Second Quarter 2019
Viemed Healthcare, Inc. - Common Shares (VMD)
Company Research
Source: GlobeNewswire
LAFAYETTE, La., Aug. 09, 2019 (GLOBE NEWSWIRE) -- Viemed Healthcare, Inc. (the “Company” or “Viemed”) (TSX: VMD.TO and NASDAQ:VMD), a home medical equipment supplier that provides post-acute respiratory care services in the United States, announced today that it has reported its financial results for the three and six months ended June 30, 2019. Operational highlights (all dollar amounts are USD): Revenues for the quarter ended June 30, 2019 were approximately $22.5 million and gross margin was $16.9 million, or 75%. Revenues and gross margin increased 45% and 49%, respectively, as compared to the quarter ended June 30, 2018. Revenues for the quarter ended June 30, 2019 grew sequentially by approximately 10% as compared to the quarter ended March 31, 2019.The Company grew its ventilator patient count by approximately 40% as compared to the prior year’s comparable quarter and 12% over the first quarter of 2019.Net income for the quarter ended June 30, 2019 totaled approximately
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