Net Loss of $2.5 Million Amidst Revenue Growth
Revenue Growth Remains Strong
Streamline Health Solutions, Inc. (STRM), a leading provider of healthcare informa tion technologies, has released its unaudited condensed consolidated financial results for the second quarter of 2023. While the company reported significant revenue growth, it also announced a net loss of $2.5 million for the period, reflecting its ongoing commitment to investing in research and development and servicing its clientele in the healthcare industry.
Revenue Growth Remains Strong
Streamline Health Solutions reported total revenues of $5.77 million for the three months ended July 31, 2023, compared to $5.99 million for the same period in 2022. For the six months ended July 31, 2023, the company's total revenues amounted to $11.10 million, compared to $11.93 million for the same period last year. These figures reflect continued growth in the adoption of the company's healthcare software as a service (SaaS), maintenance and support, and professional fees and licenses.
