Business
Net Medical 2022 Gross Revenue $5.2 Million vs. $1.768 Million; Net Income $885,000 vs. $10,000 in 2021
Net Medical 2022 Gross Revenue $5.2 Million vs. $1.768 Million; Net Income $885,000 vs. $10,000 in 2021.
About this update from Net Medical Xpress Solutions, Inc.
[{"type":"text","content":"ALBUQUERQUE, NM / ACCESSWIRE / March 31, 2023 / Net Medical (OTC PINK:NMXS) announced today that it recorded gross revenue of $5.2 million in 2022 vs. $1,768 million in 2021. Net income for 2022 was $885,000 vs. $10,000 in 2021. Net Medical CEO Dick Govatski said, "2022 was a strong year for Net Medical bolstered by robust COVID testing fees. We were pleased with the results that included an increase in total assets to nearly $3 million from $1.4 million in 2021. Our cash reserves at year end were over $1 million. Our fundamental financial health puts us in a strong financial position despite an early 2023 decline in COVID testing fees."The national COVID pandemic has dramatically tapered off," Govatski said, "along with the corresponding demand for large scale public COVID testing. To counter this, we are now heavily focused on clinical trials in aid of companies seeking FDA approvals for medical devices and other applications. We have strengthened our relationship with companies like Accorto to meet the growing need for clinical studies for international and domestic medical product developers. While Accorto handles the regulatory aspect of streamlining the process of filing with the FDA to demonstrate product safety and efficacy, Net Medical's role is to conduct the clinical studies under the guidance of Accorto and other companies throughout the state of New Mexico. We believe this is going to be an important bottom-line producer going forward."Govatski said, "We also have expanded our viral disease testing capabilities with our fleet of mobile health vans in New Mexico continuing to provide COVID, FLU, and RSV PCR respiratory testing."In the meantime, we have launched our new operating unit Immunity Science, which is offering an exciting product and supplement line to help boost immune systems. The COVID pandemic highlighted the need for individuals to take additional responsibility for strengthening their bodies against illness. While basic lifestyle steps such as a healthy diet, regular exercise, no smoking and a limited intake of alcohol are important, it is clear that defense against disease can also be supported with supplementation, air filtration, testing and more. Our exciting new line of products can be found at www.immunityscience.store."The Immunity Science store features t...