Monday, November 30, 2020
Financial Results News

MedX Announces First Quarter 2020 Results, Revenue Decreased by 48% y-o-y

MedX Health Corp. (“MedX” or the “Company”) (TSX-V: MDX) announced its results for the three-months ended March 31, 2020.

The Company reported revenue of $95,544 for the three months ended March 31, 2020, compared with revenue of $184,801 for the three months ended March 31, 2019. Revenues from SIAscopy of $21,788 were similar to the prior year three-month period, while revenue from the Company’s therapeutic laser line of $73,766 was 55% lower than $163,238 in the prior year period. The Company reported a loss for the three months ended March 31, 2020 of $740,184 or $0.00 per share compared with a loss of $788,101, or $0.01 per share for the three months ended March 31, 2019.

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