Revenue for the six months ended June 30, 2009 was up 55%
Pethealth has announced its financial results for the three and six months ended June 30, 2009. The total revenue for the quarter ended June 30, 2009 was $8.66 million, up 52% over Q2 2008.
The net income for Q2 2009 was $1.67 million ($0.059 per share) inclusive of a non-cash accounting gain of $541,878 related to the translation of $ denominated long-term debt. This is in comparision to a net income of $359,000 ($0.013 per share) for the same period in the prior year.
The operating cash flow (EBITDA plus stock option expenses and adjusted for non-cash foreign currency accounting translation gains and losses) was $1.6 million for the quarter, a 164% increase from the same period prior year.
The total revenue for the six months ended June 30, 2009 was $17.4 million, up 55% from the six months ended June 30, 2008.
The operating cash flow was $3.2 million for the six months ended June 30, 2009, a 102% increase over the same period in the prior year.
The net income for the six months ended June 30, 2009 was $2.57 million, as compared to the prior year’s net income of $1.08 million.