Spine Injury Solutions Q1 revenue up 60% — 6 things to know

After suffering eight consecutive quarters of financial losses, Spine Injury Solutions reported positive financial results for the first quarter of 2016.

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Here are six things to know:

 

1. Spine Injury Solutions’ first quarter revenue reached $667,294, up 60 percent from $416,298 the same period in 2015.

 

2. The company’s net income hit $53,139 during the first quarter.

 

3. Gross margin for the quarter increased 66 percent, up from 52 percent in the same period last year.

 

4. The company completed all QVH v.3 Certification testing, which received CE Mark for European sales.

 

5. During the quarter, Spine Injury Solutions developed two new leasing programs for QVH.

 

6. The company signed a strategic marketing agreement with Matthew DeGaetano, DC, founder of the Personal Injury Institute.

 

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