DMD Announces Financial Results for First Quarter Ended March 31, 2015

MONTREAL, QB / ACCESSWIRE / May 28, 2015 / On May 27, 2015, DMD Digital Health Connections Group Inc. (“DMD” or the “Company”) (NEX: DMG.H), a leader in digital intelligence for the health industry filed its financial statements and MD&A for the three-month period ended March 31, 2015 reporting a net income of $1.1 million on revenues of $7.4 million.

During the quarter ended March 31, 2015, the Company reported a net income of $1.1 million on revenues of $7.4 million. For the same period in 2014, the Company had generated net income of $0.2 million on revenues of $4.8 million.

Revenue increased by $2.5 million for the quarter ended March 31, 2015 compared to the quarter ended March 31, 2014 while gross margin increased $2.0 million, from $2.4 million in 2014 to $4.4 million during the same period in 2015. In addition to having a lager client base and a wider geographical market penetration, the Company has been able to change its product mix whereby the Company’s higher margin products and services are increasing in relative importance.

During the quarter ended March 31, 2015, operating expenses increased in absolute terms by $0.9 million to $2.6 million but remained stable at 35% of revenue.

The Company reported an operating income of $1.8 million for the quarter ended March 31, 2015 compared to an operating income of $0.7 million for the quarter ended March 31, 2014. Total comprehensive income for first quarter ended March 31, 2015 was $1.6 million compared to $0.3 million for the same period in 2014.

Complete financial statements and MD&A for the three month period ended March 31, 2015 are available on SEDAR at www.sedar.com

About DMD Digital Health Connections Group Inc. (“DMD”)

DMD enables pharmaceutical, pharmaceutical marketing companies, digital advertising agencies and medical device companies to effectively reach, message, connect and interact with US physicians and healthcare professionals via multiple access channels. Its innovative service offerings provide targeted impressions and interactions through permission-based email, targeted on-line ad-serving, and mobile app advertising channels. Top pharmaceutical companies, agencies and respected healthcare organizations have adopted DMD’s solutions to target, engage and interact with leading healthcare practitioners. For more information, visit www.dmdconnects.com.

Forward-looking statements

This news release contains forward-looking information. These statements relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management of DMD. A number of factors could cause actual events, performance or results to differ materially from the events performance and results discussed in the forward-looking statements. These forward-looking statements are made as of the date hereof and DMD does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither NEX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Contact Information

SOURCE: DMD Digital Health Connections Group Inc. 

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