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Medworxx Solutions Inc. Announces First Profitable Quarter; Files Third Quarter 2010 Financial Statements and Management Discussion and Analysis
Medworxx Solutions Inc. Announces First Profitable Quarter; Files Third Quarter 2010 Financial St...
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[{"type":"text","content":"\n\n\n\n Nov. 18, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nTORONTO, Nov. 18 /CNW/ - Medworxx Solutions Inc (the "Company")(TSX\n VENTURE:MWX) announced today that it recorded a profit for the first\n time for the quarter ended September 30, 2010.  The Company has filed\n with the Canadian securities authorities its interim consolidated\n financial statements and management discussion & analysis report for\n the three and nine month periods ended September 30, 2010. These\n documents may be viewed under the Company's profile at www.sedar.com.\n\n\nHighlights of the results include:\n\n\n\nRevenue for the quarter ended September 30, 2010 was $1,116,527,\n representing a 16% increase over revenue of $966,176 in the prior\n quarter and an 18% increase over revenue of $943,973 in the same\n quarter last year.    \n\n\nEBITDA, a non-GAAP measure, defined as Earnings before Interest,\n Depreciation, and Amortization, for the quarter, including foreign\n exchange gain or loss, was positive at $92,027 as compared to EBITDA in\n the prior quarter of ($238,506) a change of $330,533, and as compared\n to EBITDA of ($124,906) in the same quarter last year, a change of\n $216,933.  Adjusted EBITDA, a non-GAAP measure, defined as Earnings\n before Interest, Depreciation, Amortization, Loss on Foreign Exchange\n and Stock Option Expense, for the quarter was $110,968 as compared to\n ($213,546) in the prior quarter, after taking into account loss o...