Medicrea reports 14% uptick in sales in Q3: 5 details

Medicrea released its third quarter financial results.

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Here are five details:

1. For the quarter, the company generated $8.26 million in sales, a 14 percent increase year over year.

2. Medicrea’s net income for the quarter was a $2.26 million loss.

3. The company’s third quarter margin improved by 5 percentage points to 73 percent due to greater productivity, reduced use of subcontracting and favorable sales mix.

4. As of September, Medicrea reported $27.38 million in sales compared to $23.87 million during the same period in 2017.

5. Medicrea’s net income as of September was a $9.62 million loss compared to the $9.28 million loss in September 2017.

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