Business
Diversinet Reports First Quarter 2013 Financial Results
TORONTO, April 26, 2013 /CNW/ - Diversinet Corp. (TSX Venture: DIV, OTCQB: DVNTF), a leader...
About this update from Diversified Royalty Corp.
[{"type":"text","content":"\n\n\n\n\n\nTORONTO, April 26, 2013 /CNW/ - Diversinet Corp. (TSX Venture: DIV,\n OTCQB: DVNTF), a leader in secure mobile health that \"Powers Care\n Coordination through Mobility,\" reported its first quarter 2013 results\n for the period ended March 31, 2013. All dollar amounts are in U.S.\n dollars.\n\n\nFinancial Highlights\nRevenues for the first quarter were $304,000, compared to $282,000 in\n the same period a year ago. Deferred revenues for the first quarter\n were $110,000, compared to $134,000 in the same period a year ago.\n\n\nNet loss in the first quarter was $989,000 or $(0.02) per share,\n compared to $1.4 million or $(0.03) per share in the same period a year\n ago. First quarter 2013 net loss included non-cash items of $65,000 in\n stock-based compensation, $10,000 in depreciation, and a foreign\n exchange loss of $20,000. This compares to non-cash items in the same\n year-ago quarter of $135,000 in stock-based compensation, $15,000 in\n depreciation, and a foreign exchange loss of $7,000.\n\n\nCash and cash equivalents were $2.3 million at March 31, 2013 and $3.2\n million at December 31, 2012.\n\n\nOperational Highlights\n\n\nIn February 2013, Diversinet enhanced its mobiPublisher™ application platform with its Version 4.7 release.  The platform\n provides a unified framework for developing and managing secure,\n enterprise-wide mobile healthcare applications.  mobiPublisher Version\n 4.7 includes new features that healthcare organizations, health\n information exchanges, payers and large employers have requested. \n These features facilitate secure collection, integration, sharing and\n analysis of patient profiles, preferences, care plans, and biometric\n and other data. The enhancements make it easier for healthcare\n enterprises to improve mobile patient engagement and care coordination.\n\nDuring Q2 2013, two key mobile security patents by the United States\n Patent and Trademark Office and the Canadian Intellectual Property\n Office were granted.  The patents expand Diversinet's intellectual\n property portfolio to 22 granted and 26 pending patents.  U.S. patent No. 8,341,712, \"Method and System for Authenticating a User of a Mobile Device,\"\n provides convenient new options for enabling multi-factor\n authentication.  This technology enables patients to use their ...