QHR reports net loss for Q3

QHR Technologies Inc., a provider of software solutions primarily for the healthcare industry, has reported that net loss and comprehensive loss for the third quarter ended September 30, 2012 was C$116,212, or C$0.00 loss per share, compared to net earnings and comprehensive income of C$149,324, or C$0.00 per share, for the same quarter ended September 30, 2011.

Revenue for the third quarter ended September 30, 2012 was C$7.01 million, compared to C$5.5 million for the same quarter ended September 30, 2011.

Net earnings and comprehensive income for the nine months ended September 30, 2012 were C$43,645, or C$0.00 per share, compared to C$1.24 million, or C$0.03 per share, for the same period ended September 30, 2011.

Revenue for the nine months ended September 30, 2012 was C$21.34 million, compared to C$17.21 million for the same period ended September 30, 2011.

"We continue to focus our efforts on not only revenue growth, but more importantly on increasing our margins. To that end we have completed the expense growth that was required to capitalize on our acquisition of Healthscreen and our growth into the Ontario market and are pursuing margin growth by way of efficiency improvements. Our ability to capitalize on scalability must go hand in hand with ongoing revenue growth", said Al Hildebrandt, QHR Technologies president & CEO.