Vancouver, British Columbia – July 18, 2016 – LED Medical Diagnostics Inc. (“LED Medical” or the “Company”) is pleased to announce today that preliminary revenue numbers for the quarter ending June 30, 2016 are $3.7 million, as measured in US$, representing an approximate 12% increase over the prior year period of $3.3 million. The Company’s revenue for the six-month period ended June 30, 2016 was $5.8 million, representing a year-over-year increase as compared to the $5.7 million result from the first half of 2015. These revenue results are preliminary only and subject to finalization by the Company.
“Our experienced team continues to execute at a high-level, delivering solid growth in the second quarter after a softer beginning to 2016 in Q1,” stated Dr. David Gane, Chief Executive Officer of LED Medical. “We continue to experience expansion of our customer base as a result of our next-generation imaging solutions combined with white-glove customer service. More than ever, LED is establishing itself as a premium provider in this space and we anticipate carrying our sales momentum into the balance of 2016.”
For more information, please visit www.leddental.com.
About LED Medical Diagnostics Inc.
Founded in 2003 and headquartered in Burnaby, British Columbia, Canada, LED Medical Diagnostics Inc., through its wholly-owned subsidiaries LED Dental Inc. and LED Dental Ltd, provide dentists and oral health specialists with advanced diagnostic imaging products and software, in addition to the award-winning VELscope® Vx tissue fluorescence visualization technology. Backed by an experienced leadership team and dedicated to a higher level of service and support, LED Dental is committed to providing dental practitioners with the best technology available by identifying and adding leading products to its growing portfolio.
The Company is currently listed on the TSX Venture Exchange (TSX-V) under the symbol “LMD”, the OTCQX under the symbol “LEDIF”, as well as the Frankfurt Stock Exchange under the symbol “LME”. For more information, call 844.952.7327 or visit www.leddental.com/investor-relations.