Business & Finance

Claimsnet.com reports 16% increase in revenues during third quarter

Published in Health Business Week, November 24th, 2006

Claimsnet.com inc. (CLAI), a provider of Internet-based business-to-business solutions for the healthcare industry, reported its results for the third quarter of 2006, which ended September 30, 2006.

For the quarter ended September 30, 2006, Claimsnet reported revenues of $381,000, a 16% increase compared to the $329,000 reported for the third quarter of 2005.

Cost of revenues for the third quarter of 2006 was $239,000 compared to $212,000 for the third quarter of 2005, a 13% increase. There were no research and development expenses incurred during the third quarter of 2006 or the third quarter of 2005. Selling, general and administrative expenses of...

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Source: Health Business Week (2006-11-24)

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