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Medical Connections Revenue Falls 15%

March 30 2012

Medical Connections Holdings Inc. (OTCBB: MCTH.OB) revenue fell 14.8 percent to $6.7 million in 2011, according to its 10-K filed with the U.S. Securities and Exchange Commission. Revenue was $7.8 million in 2010.

Gross margin rose to 26.9 percent in 2011 at the Boca Raton, Fla.-based healthcare staffing firm from 24.7 percent in 2010.

Medical Connections posted a net loss of approximately $3.7 million in 2011 compared to a net loss of almost $7.8 million in 2010. The company’s 10-K filing included a going concern note.

Medical Connections Holdings Inc. (OTCBB: MCTH.OB)
For the fiscal year ended Dec. 31, 2011, compared with fiscal year 2010.
Revenue: $6.7 million, -14.8 percent
Net loss: $3.7 million vs. net loss of $7.8 million

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