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Medical Connections Holdings Inc. (OTCBB: MCTH.OB) revenue rose 27.3 percent to $7.8 million in 2010, according to its 10-K filed last week with the U.S. Securities and Exchange Commission. Revenue was $6.1 million in 2009.
Gross margin narrowed to 24.7 percent in 2010 at the Boca Raton, Fla.-based healthcare staffing firm from 27.2 percent in 2009.
Medical Connections posted a net loss of almost $7.8 million in 2010 compared to a net loss of $7.7 million 2009. 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, 2010, compared with fiscal year 2009.
Revenue: $7.8 million, +27.3 percent
Net loss: $7.8 million vs. net loss of $7.7 million