Navigation Links
Medbox, Inc. Posts Record Revenues in 3rd Quarter 2013 Financials
Date:11/20/2013

HOLLYWOOD, Calif., Nov. 20, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (www.medboxinc.com), a leader in providing consulting services and patented systems to the medical and retail industries, announced today that they have posted their 3rd Quarter 2013 financials.

Highlights of 3rd Quarter Financials include:

  • Revenues surged to over $5.046 million through three quarters, making 2013 the company's best revenue generating year in the company's history.
  • Revenues reported of $2.079 million for 3rd quarter of 2013, making it the highest grossing quarter in the company's history.
  • Assets more than doubled from year-end 2012, from $3.5 million to over $7.2 million.
  • Gross profit margin for the quarter was a healthy $833 thousand and EBITDA margin for the quarter was approximately 21%.
  • Income from operations through 3 quarters, before taxes, was a healthy $647 thousand.

"We have had another record breaking quarter, which provides further validation that our business plan is solid and our operating strategy is sound," stated Dr. Bruce Bedrick, CEO of Medbox, Inc. "As we move forward, we will continue to seek out opportunities that provide growth for our company and added value for our shareholders."

The company also announced that they have brought accounting functions in-house to help expedite preparation of statements and reports.

"As we continue to mature and transition to being a fully reporting company, we need to be able to provide timely reports, status updates, and filings," Bedrick commented. "We have assembled an in-house team of accounting professionals. This team can devote more time to work seamlessly with our outside auditing firm so that we meet our deadlines and obligations, and provide the most accurate and timely information to the SEC and the general public."

The Q3 2013 financials are listed on the company's website at: http://www.thedispensingsolution.com/wp-content/uploads/2013/11/Medbox-FS-Notes-Q3-2013.pdf

The filing may also be accessed through the company's landing page on OTC Markets at: http://www.otcmarkets.com/financialReportViewer?symbol=MDBX&id=113733

About Medbox, Inc: 

Medbox is a leader in the development, sales and service of automated, biometrically controlled dispensing and storage systems for medicine and merchandise. Medbox has offices throughout the world, including New York, Arizona, Connecticut, Massachusetts, Florida, Tokyo, London and Toronto, and has their corporate headquarters in Los Angeles.

Medbox provides their patented systems, software and consulting services to pharmacies, dispensaries, urgent care centers, drug rehab clinics, hospitals, prison systems, hospice facilities, and medical groups worldwide. In addition, through its wholly owned subsidiary, Vaporfection International, Inc. (www.vaporfection.com), the company offers an industry award winning medical vaporizer product.

Medbox, Inc. is a publicly traded company, and is quoted on the OTC Markets, ticker symbol MDBX.


'/>"/>
SOURCE Medbox, Inc.
Copyright©2012 PR Newswire.
All rights reserved

Related medicine technology :

1. AVTs Customer Medbox, Makes Wall Street Journal MarketWatch Headlines Again
2. AVTs Customer Medbox, Inc. Featured in Bloomberg Businessweek
3. Medbox, Inc. Sees Opportunity in Several New States
4. Medbox, Inc. Comments on California Supreme Court Decision
5. Medbox, Inc. Unveils Customer Financing Program
6. Medbox, Inc. Finalizes Manufacturing Plans for 2013 Product Line
7. Medbox, Inc. Announced Increased Funding for Corporate Giving Program in 2013
8. Medbox, Inc. Commences Pursuit of Strategic Acquisitions
9. Medbox, Inc. Offers Guidance and Consultation To Washington State
10. Medbox, Inc. Protects Its Image as a Leader in Sensible Medication Dispensing
11. Medbox, Inc. at the Forefront of Providing Secure Medicine Dispensing Systems to Prisons
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/28/2017)... 28, 2017 Hill-Rom Holdings, Inc. (NYSE: HRC), ... call and webcast on Friday, November 3, 2017, beginning ... ending at approximately 8:30 a.m. (CDT) / 9:30 a.m. ... 2017 financial performance and guidance for 2018, Hill-Rom executives ... enhance operational performance, and long-range financial outlook through 2020. ...
(Date:9/27/2017)... Sept. 27, 2017  Commended for their devotion to personalized ... Ranked as number one in the South Florida Business Journal,s ... Inc. 5000 yearly list, the national specialty pharmacy has found ... Bardisa will soon be honored by SFBJ as the ... Set to receive his award in October, Bardisa ...
(Date:9/25/2017)... 25, 2017   Montrium , an industry ... today—from the IQPC Trial Master Files & Inspection ... that EastHORN Clinical Services has selected eTMF ... TMF management. EastHORN, a leading European contract research ... increase transparency to enable greater collaboration with sponsors, ...
Breaking Medicine Technology:
(Date:10/13/2017)... ... October 13, 2017 , ... ProVest Insurance ... greater Dallas, Miami, and Raleigh regions, is organizing an extended charity drive to ... and deadly chromosome abnormality. , After struggling since birth with several health challenges, ...
(Date:10/13/2017)... ... 13, 2017 , ... The International Association of Eating Disorders ... for the field of eating disorders, announces the opening of early registration for ... Florida at the Omni Resort at ChampionsGate. , The annual iaedp™ ...
(Date:10/13/2017)... ... 13, 2017 , ... Many families have long-term insurance that covers care for ... a waiver for care if the client has a cognitive impairment diagnosis. , ... care, is often waived, so the benefits from their insurance start immediately,” said Mechell ...
(Date:10/13/2017)... ... ... Talented host, actor Rob Lowe, is introducing a segment ... of "Success Files," which is an award-winning educational program broadcasted on PBS Member ... with passion and integrity. , Sciatica occurs when the sciatic nerve in the ...
(Date:10/12/2017)... ... 12, 2017 , ... CitiDent and San Francisco dentists, Dr. ... Oventus O2Vent technology. As many as 18 million Americans are estimated to suffer ... Oral appliances can offer significant relief to about 75 percent of people with ...
Breaking Medicine News(10 mins):