Imaging Dynamics Company Q3 gross revenues $0.874 million
Gross revenues were $0.874 million compared to $0.521 million for the same quarter last year representing an increase of 67.6% in revenues.
The increase in sales revenues during the period is mainly due to higher sales in the Asia-Pacific region, the main focus of IDC, and also higher sales in the USA region.
On a year-to-date basis, revenues were $1.977 million compared to $1.636 million in the prior year, an increase of 20.8% over the comparative period.
Sales and marketing, general and administrative, production and manufacturing, and research and development expenses for the second quarter increased to $0.708 million from $0.433 million during the same quarter last year, and were $1.847 million on a year-to date basis compared to $1.440 million in the prior year.
The company committed additional sales and marketing expenses during this period focusing on generating additional sales revenues.
Net loss for the third quarter ended September 30, 2015 was $0.366 million compared to a net loss of $0.204 million for the same quarter last year, and the net loss was $1.275 million on a year-to-date basis compared to $0.811 million for the same period last year. ■