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Medical Connections Holdings Inc. (OTCB: MCTH.OB), a Boca Raton FL-based healthcare staffing firm, reported first-quarter revenue fell 8.2% year-over-year to $1.5 million, according to a filing with the U.S. Securities and Exchange Commission. The company posted a net loss of $1.5 million compared with a net loss of $1.9 million in the first quarter of 2008.
Medical Connections Holdings reported permanent placement revenue fell 42% year-over-year to $309,807 in the first quarter.
First-quarter gross margin narrowed to 28.0% from 42.2% in the year-ago quarter.
Medical Connections Holdings Inc. (OTCBB: MCTH.OB)
For the first quarter ended March 31, 2009, compared with the same period in 2008.
Revenue: $1.5 million, -8.2%
Net loss: $1.5 million vs. net loss of $1.9 million