Tag - LMZ

LMS Medical develops advanced products intended to provide real-time, in theater diagnostic information to doctors and nurses to facilitate care decisions and reduce the risk of errors in childbirth. Half of all malpractice cases with damages over $1 million are in obstetrics. Any means to improve decision-making helps reduce risks to patients and caregivers.

LMS Medical has a considerable pipeline of products and is anticipating a continued expansion of sales in the current year. During the fiscal year ended March 31, the company grew revenues to a record C$2.85 million, up 80% from $1.58 million the previous year. LMS Medical’s backlog of signed and recurring contracts increased to C$4.4 million in the fourth quarter, up 26% from $3.5 million in the third quarter.

Total new contracts in the most recent year increased 134% to C$5.85 million, compared with C$2.50 million in 2006. LMS Medical also tripled the number of client installations to 27, from nine in 2006; its total installed base is now 56 client sites.  Most important, the company completed a programming initiative with McKesson to assure the interoperability of components between LMS's systems and the hospital information management systems. During the past year, LMS Medical completed

LMS Medical develops advanced products intended to provide real-time, in theater diagnostic information to doctors and nurses to facilitate care decisions and reduce the risk of errors in childbirth. Half of all malpractice cases with damages over $1 million are in obstetrics. Any means to improve decision-making helps reduce risks to patients and caregivers.

LMS Medical has a considerable pipeline of products and is anticipating a continued expansion of sales in the current year. During the fiscal year ended March 31, the company grew revenues to a record C$2.85 million, up 80% from $1.58 million the previous year. LMS Medical’s backlog of signed and recurring contracts increased to C$4.4 million in the fourth quarter, up 26% from $3.5 million in the third quarter.

Total new contracts in the most recent year increased 134% to C$5.85 million, compared with C$2.50 million in 2006. LMS Medical also tripled the number of client installations to 27, from nine in 2006; its total installed base is now 56 client sites.  Most important, the company completed a programming initiative with McKesson to assure the interoperability of components between LMS's systems and the hospital information management systems. During the past year, LMS Medical completed private placements generating C$6.05 million in net cash proceeds.