The company increased revenues by 25% in FY2011
By RBR Staff
June 11, 2012
Health Robotics today announced FY2011 audited financial results, delivering record levels of revenues, gross margins, EBITDA, and profits, while concurrently weathering the economic world crisis. FY2011 EBITDA and Net Profits reached $3.5M and $750,000 respectively.
Gaspar DeViedma, Health Robotics’ Executive Vice President, stated: “FY2011 revenues reached almost $18M (a 25% increase over prior year) by winning 100% of all IV Robots’ globally announced purchase decisions over the past 24 months. Costs of Good Sold decreased in FY2011 despite large sales increases in volume of units, as Health Robotics’ greatly benefited from the performance gains…
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