Birner Dental Management Services reported a decrease in revenue but an increase in earnings for the second quarter of 2015.
For the quarter (end-June 30), the company reported revenues of $16.4 million, down 3.1% from the same quarter in 2014. However, earnings before interest, taxes, depreciation, amortization (EBITDA), and stock-based compensation expense increased by 2.9% to $1.1 million compared with the same time period in 2014.
"In the second quarter of 2015, we began seeing the financial benefits of our lower cost structure and the cash generating ability of the business with the substantial decrease in our outstanding debt," stated CEO Fred Birner in a press release. "If we start seeing upward movement on the revenue side, we believe the effect on adjusted EBITDA should be robust."
