HealthLynked Corp. Announces Third Quarter 2017 Financial Results
NAPLES, Fla., Nov. 15, 2017 (GLOBE NEWSWIRE) -- HealthLynked Corp. (OTCQB:HLYK) today announced its third quarter 2017 financial results. The Company reported revenue of $480,723, and an operating loss of $512,153 that included approximately $135,500 of legal, accounting and other expenses related to our ongoing public filings and investor relations cost and approximately $158,500 of incremental salary, benefits and other costs related to investment in initial sales & marketing efforts, and software development of the HealthLynked Network; offset by a reduction in Naples Women’s Center’s general and administrative expenses of approximately $45,000, as compared with the third quarter of 2016. These results compare with revenue of $516,798 and operating loss of $482,570 in the second quarter of 2016.
Dr. Michael Dent, Chairman and Chief Executive Officer stated, “Revenue from Naples Women’s Center (NWC), our wholly owned OB/GYN medical practice, was impacted by our office closure from Hurricane Irma in September, resulting in a 7% decrease in revenue compared with second quarter 2017.” He continued, “Introduction of the HealthLynked Network by our direct sales force focused on the Florida market in Orlando, Tampa and Jacksonville. During the third quarter, we also created over 880,000 HealthLynked Provider base profiles – one for every physician in the U.S. In the fourth quarter, we expect to invest in expanding our software platform, direct marketing to patients, and bringing on our medical advisory board of physicians to both utilize and provide feedback on the HealthLynked Network.”
About HealthLynked Corp.
HealthLynked Corp. provides a solution for both patient members and healthcare providers to improve healthcare. The HealthLynked Network is a cloud-based platform that allows patients to enter their medical history, medications, allergies, past surgeries and medical records in one convenient online secure location, “free of charge”.
Participating healthcare providers realize benefits in the ability to see more patients, access more accurate patient information, participate in our telemedicine program, improve patient retention and increase online filling of vacancies including last minute cancelations through our “real time appointment scheduling” mobile application. Healthcare providers pay a monthly fee to increase online visibility, retain existing patients, recruit former and new patients, and improve office efficiency.
For additional information about HealthLynked Corp. visit www.healthlynked.com
Forward Looking Statements
Except for historical information, all of the statements, expectations and assumptions contained in the foregoing are forward-looking statements. These forward looking statements involve a number of risks and uncertainties that could cause actual future results to differ materially from those anticipated in the forward looking statements, Actual results could differ materially from such statements expressed or implied herein. Factors that might cause such a difference include, among others, the company's ability to gain new customers, offer new types of services, and otherwise implement its business plan. As a result, this press release should be read in conjunction with the company's filings with the SEC.
Company Contact:
George O’Leary
Chief Financial Officer
goleary@healthlynked.com
Investor Relations contact:
J Charles Assets
Jay Hetrick
Jhetrick@jcharlesassets.com