Revenue during the quarter surged 148.33 percent to $1.34 million from $0.54 million in the previous year period. Gross margin for the quarter period stood at positive 6.21 percent as compared to a negative 33.83 percent for the previous year period.

Operating loss for the quarter was $2.15 million, compared with an operating loss of $2.18 million in the previous year period.

The company has spent $0.09 million cash to meet investing activities during the nine month period as against cash outgo of $0.10 million in the last year period.

Cash flow from financing activities was $5.46 million for the nine month period, up 56.38 percent or $1.97 million, when compared with the last year period.

Cash and cash equivalents stood at $1.84 million as on Sep. 30, 2016, up 719.11 percent or $1.62 million from $0.22 million on Sep. 30, 2015.

Working capital remains negative
Working capital of Catasys, Inc. was negative $20.78 million on Sep. 30, 2016 compared with negative $11.29 million on Sep. 30, 2015. Current ratio was at 0.13 as on Sep. 30, 2016, up from 0.10 on Sep. 30, 2015.

Days sales outstanding went down to 39 days for the quarter compared with 57 days for the same period last year.

At the same time, days payable outstanding went down to 52 days for the quarter from 83 for the same period last year.