| SANDY, UT--(MARKET WIRE)--Aug 15, 2007 -- RemoteMDx (OTC BB:RMDX.OB - News) reported operating revenue of $3,118,947 for the quarter ended June 30, 2007, a 13 fold increase compared to $237,496 for the same period last year. Revenues increased by nearly 90% from the previous quarter ending March 31, 2007. The primary reason for the increase was the introduction and market acceptance of the Company's TrackerPAL product and service that was introduced to the criminal justice market late in 2006. The Company also reported a $5,336,000 loss (with a major portion being non-cash) for the quarter ended June 30, 2007 compared to a $11,688,000 loss (with a major portion being non-cash) for the June 30, 2006 quarter one year ago. In addition, the loss was reduced by $1,918,000 from the previous quarter ended March 31, 2007. biz.yahoo.com |
