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Medical Connections Revenue Falls 7%

August 15 2011

Medical Connections Holdings Inc. (OTCBB: MCTH.OB) revenue fell 6.8 percent to $1.8 million in its second quarter ended June 30, according to its 10-Q quarterly report filed Friday with the U.S. Securities and Exchange Commission. Revenue was $1.9 million in the 2010 second quarter.

Gross margin improved to 29.1 percent in 2010 second quarter at the Boca Raton, Fla.-based healthcare staffing firm from 25.9 percent in the 2010 period.

Medical Connections posted a net loss of almost $935,093 in the second quarter, compared with a net loss of $2.0 million the year-ago quarter.

The 10-Q filing included a going concern note.

Medical Connections Holdings Inc. (OTCBB: MCTH.OB)
For the second quarter ended June 30, compared with the same period in 2010.
Revenue: $1.8 million, -6.8 percent
Net loss: $935,093 vs. net loss of $2.0 mil lion

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