LED Medical Diagnostics, parent company of LED Dental, saw a 181% year-over-year increase in revenues for the third quarter of 2012 (end-September 30), due in part to a strategic alliance with DenMat Holdings.
LED Medical reported revenues of $1.6 million Canadian ($1.6 million U.S.) and a loss of $161,000 ($161,000 U.S.) for the quarter, compared with revenues of $556,000 ($555,000 U.S.) and a loss of $1 million ($998,000 U.S.) for the same quarter a year ago, the company noted in a press release.
"Demand for the VELscope Vx is escalating," said LED founder and CEO Peter Whitehead. "Our presence at the annual ADA tradeshow generated 100% more sales than the year before. In addition, LED's Call Centre sales were significantly up for the month of October. We attribute much of our recent success to DenMat's marketing efforts, which are raising LED's profile and building domestic and international demand for our products."
