As you can read below, licensing had an impact on the company’s revenue. As you know from reading this blog, MMRGlobal is valued Medical Quack sponsor so please take time and visit their website and explore their PHR offering, which is also available at Drugstore.com as a PHR in a box. With licensing here’s a couple recent post that give a little more information on where some of those revenue opportunities came from.
MMRGlobal Receives “New” Clinical Trials Patent, Universities Validate Patient Engagement With Trials
Here’s also a couple recent past settlements with licensing with a couple of companies I’m sure you will recognize.
Below is a clip from the press release which you can read in it’s entirety here. Maintaining a PHR is more important today than ever and it’s about having the “right” medical data available when you need it and Bob Lorsch used their PHR last year when he was out of town to provide information to the physicians. BD
CEO Bob Lorsch of MyMedicalRecords.Com Uses His Company PHR Software With Stored Records And Communication Capabilities To Avoid Surgery And In Turn Gets The Proper Treatment At Hospital…
LOS ANGELES, CA -- (Marketwired) -- 11/13/14 -- MMRGlobal, Inc. (OTCQB: MMRF) ("MMR" or the "Company"), a leading provider of Personal Health Records, MyEsafeDepositBox storage solutions and electronic document management systems for consumers and healthcare professionals, today filed its quarterly financial report on Form 10-Q for the period ended September 30, 2014 with the United States Securities and Exchange Commission. The Company announced a 1,584% increase in revenues for the third quarter of 2014, as compared to the third quarter of 2013. During the quarter, the Company recorded revenues of $1,896,271, and gross profit of $1,807,311. The Company also reported cash on hand of $1,491,510 at the end of the quarter.
The Company's quarterly revenues were driven by licensing and other sources and represent the highest quarter in MMR's history. The Company also announced that in 2014 it will report its biggest year since its inception. For the nine months ended September 30, 2014, the Company reported revenues of $2,437,095 as compared to $535,146 for the same period last year, an increase of 355.4%. Net cash provided by operating activities for the nine months ended September 30, 2014 was $226,382, compared to net cash used of $2,174,399 in the similar period in 2013.