HealthLynked Reports 47% Year-Over-Year Revenue Gr
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Posted On: 08/17/2021 8:45:59 AM
HealthLynked Reports 47% Year-Over-Year Revenue Growth for Second Quarter 2021, 40% Growth Year-to-Date
Naples, FL -- August 17, 2021 -- HealthLynked Corp. (OTCQB: HLYK), a global healthcare network focused on care management of its members and a provider of healthcare technologies that connects doctors, patients, and medical data, reported its financial results for the three and six months ended June 30, 2021. The Company's second quarter 2021(2Q'21) results were excellent, with revenue up 47% compared to second quarter 2020 and first half 2021 (1H'21) revenue up 40% over first half 2020 (1H'20).
First Half 2021 Compared to First Half 2020:
40% increase in revenue in 1H'21 compared to 1H'20, increasing to $3,495,314 from $2,498,450
Patient appointments in the Company's Health Services division increased 18% from 7,562 in 1H'20 to 8,886 in 1H'21
Time of Service collections increased 26% from $1,855,780 in 1H'20 to $2,343,358 in 1H'21
Second Quarter 2021 Compared to Second Quarter 2020:
47% increase in revenue in 2Q'21 compared to 2Q'20, increasing to $1,710,620 from $1,161,510
Patient appointments increased 29% from 3,375 in 2Q'20 to 4,348 in 2Q'21
Time of Service collections increased 37% from $845,877 in 2Q'20 to $1,156,604 in 2Q'21
Second Quarter 2021 Compared to First Quarter 2021:
4% decrease in revenue in 2Q'21 compared to 1Q'21, decreasing to $1,710,620 from $1,784,694
Patient appointments decreased 4% from 4,538 in 1Q'21 to 4,348 in 2Q'21
Time of Service collections decreased 3% from $1,186,754 in 1Q'21 to $1,156,604 in 2Q'21
"We are pleased that we were able to significantly grow patient volume, time of service collections and revenue in our Health Services division in second quarter compared to the same period last year," stated Dr. Michael Dent CEO.
George O'Leary, HealthLynked CFO stated "Revenue was up 47% from second quarter of last year and down only 4% from last quarter." He continued, "We also wiped out $632k of current debt this quarter without any cash outflow through PPP Loan forgiveness, further improving our balance sheet. Our net equity maintained at $6.3 million for Q2 2021, leaving us in a strong position for our planned uplisting during the second half of the year."
Compliments of: IHUB
Naples, FL -- August 17, 2021 -- HealthLynked Corp. (OTCQB: HLYK), a global healthcare network focused on care management of its members and a provider of healthcare technologies that connects doctors, patients, and medical data, reported its financial results for the three and six months ended June 30, 2021. The Company's second quarter 2021(2Q'21) results were excellent, with revenue up 47% compared to second quarter 2020 and first half 2021 (1H'21) revenue up 40% over first half 2020 (1H'20).
First Half 2021 Compared to First Half 2020:
40% increase in revenue in 1H'21 compared to 1H'20, increasing to $3,495,314 from $2,498,450
Patient appointments in the Company's Health Services division increased 18% from 7,562 in 1H'20 to 8,886 in 1H'21
Time of Service collections increased 26% from $1,855,780 in 1H'20 to $2,343,358 in 1H'21
Second Quarter 2021 Compared to Second Quarter 2020:
47% increase in revenue in 2Q'21 compared to 2Q'20, increasing to $1,710,620 from $1,161,510
Patient appointments increased 29% from 3,375 in 2Q'20 to 4,348 in 2Q'21
Time of Service collections increased 37% from $845,877 in 2Q'20 to $1,156,604 in 2Q'21
Second Quarter 2021 Compared to First Quarter 2021:
4% decrease in revenue in 2Q'21 compared to 1Q'21, decreasing to $1,710,620 from $1,784,694
Patient appointments decreased 4% from 4,538 in 1Q'21 to 4,348 in 2Q'21
Time of Service collections decreased 3% from $1,186,754 in 1Q'21 to $1,156,604 in 2Q'21
"We are pleased that we were able to significantly grow patient volume, time of service collections and revenue in our Health Services division in second quarter compared to the same period last year," stated Dr. Michael Dent CEO.
George O'Leary, HealthLynked CFO stated "Revenue was up 47% from second quarter of last year and down only 4% from last quarter." He continued, "We also wiped out $632k of current debt this quarter without any cash outflow through PPP Loan forgiveness, further improving our balance sheet. Our net equity maintained at $6.3 million for Q2 2021, leaving us in a strong position for our planned uplisting during the second half of the year."
Compliments of: IHUB
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