There were more than 50 purchase orders in the third quarter for the company’s STREAMWAY system that are scheduled for delivery in the fourth quarter and beyond. Revenue totaled $107,835 for the third quarter of 2013 and $386,418 for the nine months end.
During the third quarter the company entered the Virginia market with a multi-unit purchase from an ambulatory surgery center and expanded its presence in Florida with multiple sales to a major hospital. Additionally, a national ambulatory surgical center chain client announced it would double its initial Q2 order to fully replace their current system with Skyline.
However, net loss for the third quarter was $3.97 million, primarily driven by increased general and administrative and sales and marketing expenses as the company prepares for a national rollout of the STREAMWAY System.
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