![]() |
![]() | ![]() |
| We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level. |
Anybody following MAMH? January 16, 2003 MAMMATECH CORP (MAMH.OB) Quarterly Report (SEC form 10-Q) ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITIONS AND RESULTS OF OPERATION FOR MAMMATECH CORPORATION Results for the first quarter of Fiscal 2002 were encouraging. Sales increased by 37% from the previous quarter and 102% compared to the first quarter of 2001. Operating costs of $96,526 represent a 2.5% increase relative to the prior year quarter. The net income of $41,159 for the quarter contrasts with losses for both the previous quarter and the first quarter of 2001. A portion of this figure represents reimbursement on a new SBIR grant (see below), but $15,271 is actual operation income resulting from sales and training revenues. During the quarter, the Company participated in the opening of a MammaCare Training Center in Frankfurt, Germany. This facility is located in the Gynecology Department of Wolfgang Goethe University Medical School and will teach MammaCare Breast self-examination to patients in addition to training European professionals in the skills of MammaCare Clinical Breast examination. The Company also started work on a Phase I SBIR project aimed at extending the MammaCare Clinical Breast Examination technology to disabled women who have difficulty assuming the optimal positions for this procedure. Early activities have centered on acquiring and modifying special equipment to assist in the training process. Finally, the Company launched a new model for providing MammaCare training at the institutional level. A prototype agreement creates a MammaCare Training Center at an institution dedicated to training healthcare professionals. The first such agreement has been concluded with the University of Florida College of Nursing and others are in various stages of negotiation. The intent is to expand the availability of the high level of professional training now available only at MammaCare headquarters and George Washington University. There can be no assurance, however, that this strategy will succeed or that substantial revenue will result. With the exception of a small note to an unaffiliated supplier for a manufacturing facility, the Company remains debt free and has no immediate liquidity problems. The Company continues to seek a larger partner in the healthcare industry. | ||||||||||||||
|
| Home | Hot | SubjectMarks | PeopleMarks | Keepers | Settings |
| Terms Of Use | Contact Us | Copyright/IP Policy | Privacy Policy | About Us | FAQ | Advertise on SI |
| © 2025 Knight Sac Media. Data provided by Twelve Data, Alpha Vantage, and CityFALCON News |