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NAPLES, Florida, Nov. 15, 2019 /PRNewswire/ — HealthLynked Corp. (OTCQB: HLYK), a provider of healthcare-related technology that connects doctors, patients and medical data, today appear its banking after-effects for the three months concluded September 30, 2019.



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Third Division 2019 Compared to Third Division 2018:

Third Division 2019 Compared to Added Division 2019:



Revenue advance was primarily attributable to the accretion of Naples Center for Functional Medicine (NCFM) account hardly by seasonality and acquirement accident due to Hurricane Dorian. The Company’s operating accident in the third division of 2019 of $815,691 was lower by $150,692 compared to the operating accident in third division 2018 of $966,383 and college by $117,500 compared to an operating accident in the added division of 2019 of $698,191 due to an admission in accepted and authoritative amount and acquirement accident due to Hurricane Dorian. 

Compared to the third division of 2018, the company’s net accident was $1,084,458 beneath ($1,125,280 vs $2,209,738) and compared to the added division of 2019, the net accident was $245,706 college than $879,574.



Second division to third division 2019 acquirement decreased 3% from $1,208,390 to $1,172,561. Accommodating accessories in added division 2019 decreased 7% compared to added division 2019 while time of account collections decreased 4%. These losses are attributable to a acceptable abatement in accommodating visits in SW Florida during the third division and decreased accessories due to Hurricane Dorian.

Dr. Michael Dent, Chairman and CEO of HealthLynked, stated, “We are admiring with this quarter’s 117% annual acquirement advance and the cogent admission in banknote breeze from collections compared to aftermost year.  We historically see an admission in patients in SW Florida during the fourth division and we are absolute admiring with October’s basal acquirement after-effects assuming about $448,000 vs. $202,000 aftermost October for addition 122% advance in revenue.”

“We are aflame about the absolution of our proprietary QwikCheck Smartphone Accommodating Check-in arrangement and Practice Analytics. Both articles were analysis marketed in Florida and met with outstanding reviews from physicians and arrangement managers. We are optimistic that our articles will accept the aforementioned accession as we aggrandize our sales efforts alfresco of Florida over the abutting quarter,” said Dr. Dent.

About HealthLynked Corp.

HealthLynked Corp. provides a band-aid for both accommodating associates and providers to advance healthcare through the able barter of medical information. The HealthLynked Network is a cloud-based belvedere that allows associates to affix with their healthcare providers and booty added ascendancy of their healthcare. Associates admission their medical information, including medications, allergies, accomplished surgeries and claimed bloom records, in one acceptable online and defended location, chargeless of charge. Participating healthcare providers can affix with their accepted and approaching patients through the system. Allowances to in-network providers accommodate the adeptness to advance the HealthLynked apparent awaiting accommodating admission hub “PAH” for accommodating analytics. Added allowances for adopted providers accommodate HLYK business accoutrement to affix with their alive and abeyant patients to advance accommodating retention, admission added authentic and accepted accommodating information, accommodate added able online scheduling and to ample aftermost minute cancelations appliance our “real time arrangement scheduling” all aural our adaptable application. Adopted providers pay a account fee to admission these HealthLynked services. For added advice about HealthLynked Corp. appointment Media affix with HealthLynked on Twitter, Facebook, and LinkedIn.

Forward Attractive Statements

Forward-Looking Statements in this columnist release, which are not absolute facts, are advanced statements aural the acceptation of the Private Securities Litigation Reform Act of 1995. Our absolute results, including as a aftereffect of any acquisitions, achievement or achievements may alter materially from those bidding or adumbrated by these advanced statements. In some cases, you can analyze advanced statements by the use of words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these agreement and agnate expressions, or the abrogating of these agreement or agnate expressions. Such advanced statements are necessarily based aloft estimates and assumptions that, while advised reasonable by our management, and us are inherently uncertain. We attention you not to abode disproportionate assurance on any advanced statements, which are fabricated as of the date of this columnist release. We undertake no obligation to amend about any of these advanced statements to reflect absolute results, new advice or approaching events, changes in assumptions or changes in added factors affecting advanced attractive statements, except to the admeasurement appropriate by applicative laws. If we amend one or added advanced statements, no inference should be fatigued that we will accomplish added updates with account to those or added advanced statements. Certain risks and uncertainties applicative to our operations and us are declared in the “Risk Factors” area of our best contempo Annual Report on Form 10-K and in added filings we accept fabricated with the U.S. Securities and Barter Commission. These letters are accessible at www.sec.gov.

 

 

760-564-7400  

HealthLynked Corp.

Selected Consolidated Banking Data

 

Three and Nine Months Concluded September 30, 2019 and 2018

 

Three Months Concluded September 30,

Nine Months Concluded September 30,

2019

2018

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2019

2018

Statement of Operations
Data

Patient account revenue, net

$

1,172,561

$

539,625

$

2,845,941

$

1,751,584

Cost of services

287,274

608,877

Gross profit

885,287

539,625

2,237,064

1,751,584

Net loss

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$

(1,125,280)

$

(2,209,738)

$

(3,065,571)

$

(4,601,095)

Net accident per share, basal and
diluted

$

(0.01)

$

(0.03)

$

(0.03)

$

(0.06)

Weighted boilerplate cardinal of
common shares, basal and
diluted

102,644,860

79,323,131

96,603,087

76,757,809

Balance Sheet Data

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September 30,
2019

December 31,
2018

Total Assets

$

2,660,843

$

427,363

Total Liabilities

$

5,066,943

$

3,362,210

Total Shareholders’ Equity

$

(2,406,100)

$

(2,934,847)

 

 

 

Contacts:
George O’Leary
Chief Banking Media 928-7144, ext. 99

Investor Relations Contacts:
Stephanie Prince
PCG Advisory Media 1 646-762-4518

Jim Hock
Hanover International Media 1 760-564-7400

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