Compelo Insurance is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Pethealth’s Q2 Revenue Up 52%

Revenue for the six months ended June 30, 2009 was up 55%

Pethealth has announced its financial results for the three and six months ended June 30, 2009. The total revenue for the quarter ended June 30, 2009 was $8.66 million, up 52% over Q2 2008.

The net income for Q2 2009 was $1.67 million ($0.059 per share) inclusive of a non-cash accounting gain of $541,878 related to the translation of $ denominated long-term debt. This is in comparision to a net income of $359,000 ($0.013 per share) for the same period in the prior year.

The operating cash flow (EBITDA plus stock option expenses and adjusted for non-cash foreign currency accounting translation gains and losses) was $1.6 million for the quarter, a 164% increase from the same period prior year.

The total revenue for the six months ended June 30, 2009 was $17.4 million, up 55% from the six months ended June 30, 2008.

The operating cash flow was $3.2 million for the six months ended June 30, 2009, a 102% increase over the same period in the prior year.

The net income for the six months ended June 30, 2009 was $2.57 million, as compared to the prior year’s net income of $1.08 million.