Vasomedical Aktie

Vasomedical Announces Third Quarter 2015 Results Reporting 128% Revenue Growth and Operating Profit of $1.3 Million for the Quarter Marketwired Vasomedical, Inc. 1 hour ago  PLAINVIEW, NY--(Marketwired - Nov 12, 2015) - Vasomedical, Inc. ("Vasomedical") (OTC PINK: VASO) today reported its operating results for the three months ended September 30, 2015. "We are very excited to report a 128% year-over-year revenue growth at Vasomedical for the third quarter of 2015, during which our total revenue grew to $17.4 million from $7.6 million a year ago. The majority of the growth was from the acquisition of NetWolves, which we completed at the end of May 2015. Our existing operations also saw significant year-over-year growth of 13.8% and 7.2% for the three- and nine-month periods ended September 30, 2015, respectively," stated Jun Ma, President and CEO of Vasomedical, Inc. "As a result, we recorded an operating profit of $1.3 million for the third quarter of 2015, a positive change of $1.5 million from an operating loss of $149 thousand for the same quarter of 2014. The operating results for the first nine months of the year were even more encouraging, as we reported an operating profit of $1.3 million, a remarkable turnaround from last year's $1.4 million operating loss. Based on our performance year to date, we expect to be profitable again for the year 2015." "The NetWolves acquisition successfully diversified our business and reduced our dependence on any single source of revenue. We also expect to see much improved profitability down the road as we continue to recognize the benefits of our cost reduction initiatives implemented earlier this year," added Dr. Ma. Three Months Ended September 30, 2015 Financial Results For the three months ended September 30, 2015, revenue increased $9.8 million, or 128% year-over-year, to $17.4 million compared to $7.6 million for the same period of 2014. The increase was principally due to $8.7 million in revenue from our recently acquired NetWolves operations. Sales Representation segment revenue increased $1.2 million, or, 18% to $7.6 million for the third quarter, due primarily to increased commission rates and increased equipment deliveries during the quarter, while revenue from the Equipment segment declined $217 thousand or 18% to $1.0 million, due primarily to a lower revenues from the EECP® business. Gross profit for the third quarter of 2015 increased 83% to $9.9 million, compared with $5.4 million for the third quarter of 2014. The increase is primarily due to $3.5 million of gross profit in the IT segment as a result of the NetWolves acquisition and an increase of $1.3 million in our Sales Representation segment, arising from higher commission rates in this segment, partially offset by lower gross profit in the Equipment segment. Selling, general and administrative (SG&A) expenses for the third quarter of 2015 was $8.4 million or 48% of revenues, compared with $5.3 million, or 70% of revenues for the same period last year. The increase in SG&A expenditures is primarily due to the inclusion of the NetWolves operations for the quarter, partially offset by lower costs in our Equipment and Sales Representation segments. Net income for the three months ended September 30, 2015 was $1.2 million, a significant improvement compared to the net loss of $0.1 million for the same period in 2014. This improvement is principally due to an increase in gross profit as discussed above. At September 30, 2015 the Company had net cash and cash equivalents of $1.9 million compared to $9.1 million at December 31, 2014. The decrease is principally due to the cash used for the NetWolves acquisition in May 2015. Conference Call Information The Company will host a conference call at 2:00 p.m. ET on November 12, 2015 featuring remarks by Jun Ma, Ph.D., President and CEO, Peter Castle, Chief Operating Officer, and Michael Beecher, Chief Financial Officer of Vasomedical. To join the conference call, please dial 1-877-407-8033 from the U.S. or 1-201-689-8033, internationally. Please call at least five minutes before the scheduled start time. The conference call will also be available via webcast and can be accessed through the Investor Relations section of Vasomedical's website, www.vasomedical.com. Please allow extra time prior to the call to visit the site and download any necessary software to listen to the live broadcast. A replay of the conference call will be available at www.vasomedical.com approximately two hours after completion of the live conference call. To access the dial-in replay of the call, which will be available until November 20, 2015, please dial 1-877-660-6853 or 1-201-612-7415 and use the code 13624444. About Vasomedical

und erst später.....

“Dark Horse” definition: a medical device, biotech or pharmaceutical company, little-known but growing fast. Think “innovation” and amazing products, not “me-too” products. They need experienced B2B folks to get them to the next level — especially if you have contacts among their call points and new product launch experience. To view full Dark Horse criteria, please see: Dark Horse Companies for a Medical Sales Career: http://www.medicalsalesmentors.com/blog/medicalsalesdarkhorsecompanies/

http://www.medicalsalesmentors.com/blog/dark-horse-company-vasomedical-inc/

"Their growth rate from 2009 to 2013 was 636% with ttm revenues of $32M. Their competitors are Medtronic and St. Jude. I noticed a June 1 AccessWire article mentioning Vasomedical acquired (from the article) “NetWolves, LLC, a Florida-based limited liability company, and its affiliates have been engaged in managed network services with an extensive, proprietary service platform to a broad base of customers – predominantly domestically based, however supporting their needs globally as well – including many Fortune 500 corporations. Substantially all of its customers are under multi-year agreements which provide us with a recurring revenue model to complement our existing operations. Fiscal 2013 and 2014 revenues were approximately $28 million and $30 million, respectively, and adjusted operating income was approximately $1.2 million and $1.4 million, respectively. Vasomedical completed the acquisition of all NetWolves assets on May 29, 2015, including all proprietary technology and intellectual properties, service provider and customer contracts, licenses, etc., for $18 million in cash and the assumption of certain liabilities, virtually all of which are operations related.”

tut sich hier mal wieder etwas

Bei Vaso:

Peter C. Castle, Chairman of the Audit Committee Peter Castle has been a director since August 2010. Mr. Castle is currently the President and Chief Operating Officer of NetWolves Corporation, where he has been employed since 1998. Mr. Castle also held the position of Chief Financial Officer from 2001 until October 2009, Vice President of Finance since January 2000, Controller from August 1998 until December 1999 and Treasurer and Secretary from August 1999. NetWolves is a global telecommunications and Internet managed services provider offering single-source network solutions that provides multi-carrier and multivendor implementation to over 1,000 customers worldwide.

Bei Net Wolves:

Peter Castle, President/Chief Executive Officer

Mr. Castle joined NetWolves in August 1998 as Controller, and was named Chief Financial Officer in January 2000. He was instrumental in that capacity, navigating Wall Street, raising equity and debt capital.  In addition to his responsibilities as CFO, Mr. Castle served as Chief Restructuring Officer in 2007 and 2008, leading the transition from a public to a private company.  Mr. Castle was named Chief Operating Officer of NetWolves in September 2009. In April 2010, Mr. Castle was named President of NetWolves by the Board of Directors, and is responsible for setting and implementing the strategic direction of the company. In November 2013, Mr. Castle was unanimously elected Chief Executive Officer by the Board of the Directors.  Though he continues to manage the daily Operations of the company from the corporate office in Tampa, FL, Mr. Castle’s main focus is the development and strategic growth of the company. Prior to NetWolves, Mr. Castle was responsible for the Southeast Regional Finance or Magellan Health Service, Inc. a $1.6 billion managed health care company. Mr. Castle served in the US Army in the capacity of Non Commissioned Officer and then Commissioned Officer, leaving with the rank of 1st Lieutenant, holding various leadership positions and serving in both domestic and foreign posts.  He received numerous certificates, awards and commendations, including a three time recipient of the Army Commendation Medal.