Revenue for the quarter ended September 30, 2022 increased 118% to $5.09 million compared to $2.34 million in the same quarter of the previous fiscal year. Lighthouse Imaging, which was acquired on October 4, 2021, contributed $1.33 million in first quarter revenue.
Excluding contributions from Lighthouse, revenue for the first quarter increased 61% compared to the same quarter of the previous year.
Gross margins for the quarter ended September 30, 2022 were 34% compared to 30% in the same quarter of the previous year. Excluding Lighthouse, gross margins were 42%.
Net loss for the quarter was $73,511 which compared to net loss of $576,801 in the same quarter of the previous year.
Adjusted EBITDA, defined as earnings before interest, taxes, depreciation, amortization, stock-based compensation and other income, was $110,484 for the quarter ended September 30, 2022 compared to ($197,416) in the same quarter of the previous year.
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