LMS Medical Systems Revenue Grows 72% Year Over Year

LMS Medical Systems,


(LMZ - TSX/AMEX)


Shares outstanding:25.8m
Fully Diluted: 30.7 million
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Today LMS Medical Systems released its preliminary revenue numbers for F2008 (March 31), which showed the company is hitting its stride.

The increase in yearly revenue from $2.86 million to $4.92 million is significant. This increase is a reflection of new customer installations completed as well as related recurring maintenance and technical revenues, which continue to grow as a result of an increasing client base.

Fourth quarter revenue totalled $2.28 million, compared to $1.43 million in Q4 F07, a 59% increase.

The chart listed below demonstrates a 2007 / 2008 comparison in revenues.

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