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QMed, Inc.
Disease management company announces improved financial results
April 26th, 2005
QMed, Inc., (QMED) announced financial results for the first quarter ending February 28, 2005. Revenues for the 3 months were $4,755,486 compared to $3,792,820 a year ago. Net income was $874,803 or $0.06 per share compared to a loss of $(262,414) or $(0.02) per share in the year earlier. The company had working capital of approximately $21,000,000 at February 28, 2005, compared to working capital of approximately $6,000,000 at November 30, 2004. Michael W. Cox, president and CEO, said: [helv]QMed continued its strong financial performance in the first quarter and we continue to project profit in our core business for the year....
Source: Cardiovascular Business Week (2005-04-26)
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