Nobilis Health Corporation (HLTH) swung to a net loss for the quarter ended Sep. 30, 2016. The company has made a net loss of $2.76 million, or $ 0.04 a share in the quarter, against a net profit of $10.94 million, or $0.14 a share in the last year period.
Revenue during the quarter surged 34.68 percent to $70.68 million from $52.48 million in the previous year period. Operating margin for the quarter stood at negative 1.56 percent as compared to a positive 5.81 percent for the previous year period.
Operating loss for the quarter was $1.10 million, compared with an operating income of $3.05 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $4.34 million compared with $5.31 million in the prior year period. At the same time, adjusted EBITDA margin contracted 398 basis points in the quarter to 6.14 percent from 10.11 percent in the last year period.
“Nobilis made significant progress in the third quarter both financially and operationally. We continued our strong revenue performance for the year, realizing organic revenue growth as well as growth at the hospitals acquired in 2015,” said Harry Fleming, chief executive officer of Nobilis.
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