Medifocus Inc. Announces Record 294% Increase in Q2/FY 2014 Revenue
Revenue for the First Six Months in FY 2014 Reaches CN$2.55M, a 40% Increase Over Total Revenue in FY 2013
Medifocus, Inc. (OTCQX: MDFZF), (TSX VENTURE: MFS) (Medifocus or the Company), a leader in the use of focused microwave energy to treat cancer and other tumors, is pleased to announce its financial results for the three and six month periods of fiscal 2014 ending September 30, 2013.
Revenue for the second quarter of fiscal 2014 ending September 30, 2013 was CN$1.23M compared to revenue of CN$313,281 in the second quarter of fiscal 2013, representing a 294% increase. Revenue for the six months ending September 30, 2013 reached a record CN$2.55M, representing a 40% increase over total revenue in fiscal year 2013 of CN$1.81M. The revenue increase for both periods reflects the continued successful rollout and strong market acceptance of the Company's Prolieve® Thermodilatation System for treatment of Benign Prostatic Hyperplasia (BPH).
- Published: 04 December 2013
- Written by Editor