Highlights
2nd QUARTER 2018 HIGHLIGHTS Generated revenues of $15,508,000 during the quarter, As compared to $14,111,000 from the prior quarter, an increase of 10%, and $10,901,000 from the prior year second quarter, an increase of 42%. Gross Margin of 73% during the quarter, As compared to 75% from the prior quarter and 72% from the prior year second quarter. Adjusted EBITDA of $4,114,000 during the quarter, As compared to $3,762,000 during the prior quarter, an increase of 9%, and $2,408,000 from the prior year first quarter, an increase of 71%. Cash on hand of $8,551,000 as of June 30, 2018 as compared to $5,098,000 as of December 31, 2017. Capital expenditures of $3,713,000 during the quarter, As compared to $2,930,000 from the prior quarter and $2,691,000 from the prior year second quarter. Active vent patients of 5,078 as of June 30, 2018, As compared to 4,685 from the prior quarter, an increase of 8%, and 3,754 from the prior year second quarter, an increase of 35%.