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    Vigil Health Solutions Increases Net Income in Most Recent Quarter

    Charlotte McLeod
    Nov. 20, 2012 10:50AM PST
    Life Science Investing

    Vigil Health Solutions Inc. (TSXV:VGL) announced its results for the three months ended September 30, 2012, commenting that with a net income of $32,000 — up from a $251,000 loss in the year-ago period — the quarter was profitable.

    Vigil Health Solutions Inc. (TSXV:VGL) announced its results for the three months ended September 30, 2012, commenting that with a net income of $32,000 — up from a $251,000 loss in the year-ago period — the quarter was profitable.

    According to the press release, other highlights include:

    • Grew bookings 18% to $1.27 million compared to $1.08 million in the three-month period ended September 30, 2011.
    • Increased backlog to approximately $2.72 million (37 projects) compared to approximately $2.03 million (33 projects) in the three-month period ended September 30, 2011.
    • Revenue up 24% to $826 thousand from $669 thousand in the three-months ended September 30, 2011.
    • Reduced expenses by 34% to $363 from $547 thousand in the three-months ended September 30, 2011.

    Click here to read the full Vigil Health Solutions Inc. (TSXV:VGL) press release. 

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