Revenue up 289%. Visitors up 237%Healthpricer's early Q2 results show revenue up 289%
2007-11-07 08:14 ET - News Release
Mr. Michael Brown reports
HEALTHPRICER ANNOUNCES PRELIMINARY RESULTS FOR Q2 2008
Healthpricer Interactive Ltd.'s preliminary results for the second quarter of 2008 show revenue of $220,000, up 289 per cent over second quarter 2007 revenue of $56,517 and down 9 per cent over first quarter 2008 revenue of $242,000.
Healthpricer also reports that it received over 972,000 unique visitors to it website in the second quarter of 2008, up 237 per cent from 288,244 unique visitors in the second quarter of 2007 and up 15 per cent over first quarter 2007 unique visitors of 845,000.
Healthpricer's fiscal year-end is March 31 and therefore the second quarter of 2008 results represent July, August and September, 2007.
Through the second quarter of 2008 Healthpricer has continued to act on strategies to gain more users, convert them into customers faster and maintain them longer. Key activities have included developing more core technology (for example building a more robust data crawling platform), improving product coverage and quality, and expanding partnership activities.
"We are focused on execution and quality, and being rewarded for it," comments Michael I. Brown, president and chief executive officer of Healthpricer Interactive. "The summer months as expected, reflect a marginal decline in revenue, but over all we are meeting our objectives as demonstrated by our nearly three-fold growth in revenue over this same period last year. However the most positive change in this period has been the increased awareness and interest we are receiving from merchants and potential traffic partners. Healthpricer recently received three very significant Internet/health industry awards, which has certainly contributed to this increased attention on Healthpricer. We are confident that our vision to be the leader in product search and price comparison for health care products is beginning to set us apart from the general product search companies, so that merchants, health content sites and consumers are beginning to see us as the authority to depend on for their health care product search needs."