Medicrea released its third quarter financial results.
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.