CompuMed Inc (OTCMKTS:CMPD) Stock On Radar After Q4 Earnings

On Tuesday, CompuMed Inc (OTCMKTS:CMPD) was in the news among investors after it announced its financial results for the fourth fiscal quarter of 2022 as well as the yearly results. In light of the announcement, the stock may come into focus among investors and hence, it could be a good idea to consider taking a look into the highlights.

Trading Data

On Tuesday, CMPD stock decreased 1.67% to $2.9500 with more than 4.41K shares, compared to volume of 674 shares. The stock moved within a range of $2.8000 – 2.9500 after opening trade at $2.8000.

Compumed, Inc. Announces Fiscal 2022 Annual and Fourth Quarter Results

CompuMed generated revenues to the tune of $1.59 million in the fourth quarter and that was an improvement on the $1.45 million it had generated in the prior year period. The revenues for the full fiscal year stood at $6.37 million and that was higher than the revenues of $6.31 million in the previous year.

The company noted that there had been growth in some of the new products that had been introduced this year and on top of that, it had also managed to penetrate in the corrections and OPO markets. The net income in the fourth quarter dropped year on year to $231,000 from $480,000.

The net income in the full fiscal year of 2022 came in at $502,000 and that was considerably lower than the net income of $1,067,000 in the previous year.