Birner Dental Management Services, operators of Perfect Teeth dental practices, reported a slight (0.9%) increase in revenues for fiscal 2009 (end-December 31). Revenues for the year were $59.6 million, up from $59 million for the previous year.
Net income for the year increased $135,000, or 7.5%, to $1.9 million, compared to $1.8 million for 2008.
For the fourth quarter of 2009, revenue increased $456,000, or 3.3%, to $14.3 million. Net income for the quarter increased $40,000, or 12.3%, to $363,000.
The increase in revenue of $557,000 for 2009 consisted of a decrease in same office revenue of $316,000 offset by revenue related to new offices of $873,000. The increase in revenue of $456,000 for the fourth quarter consisted of a decrease in same office revenue of $142,000 offset by revenue related to new offices of $598,000.
"We believe same office sales in 2009 were affected by continued weakness in the economy," Birner said in a press release.
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