$MDHI UP 14.29% Can't stop REVENUE, UP 533% From S
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Posted On: 11/20/2014 7:08:23 PM
$MDHI UP 14.29% Can't stop REVENUE, UP 533% From SEC filing, Net sales generated during the year ended June 30, 2014 and 2013 were $1,153,693 and $572,712, respectively; representing a 101% or $580,981 increase. The sales were generated through distributors, resellers, and direct sales to consumers. The company changed its strategic business direction toward a more widespread product distribution, resulting in the dramatic increase in net sales for the year ended June 30, 2014.
Gross profit generated during fiscal 2014 was $829,190. This represents a 533% or $698,266 increase from the year prior. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was due to a substantial increase in recurring revenue generated from monthly monitoring services.
The past is the past, and remains still the past. MDHI is Current, Selling, Profitable, Running Commercials, and soon to be included in Medicare & Medicare. http://finance.yahoo.com/news/medical-alarm-c...00161.html Company is moving on, and the coming financials and filing will continue to get better every time as Revenue continues to Rapidly Increase. Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY http://finance.yahoo.com/news/medical-alarm-c...00857.html Joe is removed from company (only a shareholder, call company and ask) and they've moved on. The RS (it sucked) is what it is. Some gambled and lost, that's the risk we take with these types of investments. Facts are MediPendant is a great product with a very strong rating, 4.5 stars out of 5 with Costco customers. http://reviews.costco.com/2070/11748169/medip...eviews.htm I've never sold, and I'll add when I can. MDHI will continue to go about their business, and I'm very excited about it's future potential. Good luck to you all, Investing can be tricky.
Gross profit generated during fiscal 2014 was $829,190. This represents a 533% or $698,266 increase from the year prior. The gross profit margin for 2014 and 2013 was 72% and 23%, respectively. The increase in gross profit margin was due to a substantial increase in recurring revenue generated from monthly monitoring services.
The past is the past, and remains still the past. MDHI is Current, Selling, Profitable, Running Commercials, and soon to be included in Medicare & Medicare. http://finance.yahoo.com/news/medical-alarm-c...00161.html Company is moving on, and the coming financials and filing will continue to get better every time as Revenue continues to Rapidly Increase. Latest 10-K Filing, Marking A 533% Increase in Gross Profit YOY http://finance.yahoo.com/news/medical-alarm-c...00857.html Joe is removed from company (only a shareholder, call company and ask) and they've moved on. The RS (it sucked) is what it is. Some gambled and lost, that's the risk we take with these types of investments. Facts are MediPendant is a great product with a very strong rating, 4.5 stars out of 5 with Costco customers. http://reviews.costco.com/2070/11748169/medip...eviews.htm I've never sold, and I'll add when I can. MDHI will continue to go about their business, and I'm very excited about it's future potential. Good luck to you all, Investing can be tricky.
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