Milestone Medical Inc Announces Consolidated Unaudited Earnings Results for the Second Quarter and Six Months Ended June 30, 2016
Milestone Medical Inc. announced consolidated unaudited earnings results for the second quarter and six months ended June 30, 2016. For the quarter, revenue was USD 5,525 compared to USD 11,550 a year ago. Net Loss from operations was USD 952,744 compared to USD 1,067,444 a year ago. Net loss was USD 975,863 compared to USD 1,062,697 a year ago.
For the six months revenue was USD 475 compared to USD 11,550 a year ago. Net Loss from operations was USD 1,781,065 compared to USD 1,949,480 a year ago. Net loss was USD 1,827,115 compared to USD 1,952,978 a year ago. Net cash used in operating activities were USD 297,267. Purchases of equipment were USD 3,787.