Navigation Links
Medbox, Inc. Posts Record Revenues in 3rd Quarter 2013 Financials

HOLLYWOOD, Calif., Nov. 20, 2013 /PRNewswire/ -- Medbox, Inc. (OTC Markets: MDBX) (, 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:

The filing may also be accessed through the company's landing page on OTC Markets at:

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. (, 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:
(Date:11/25/2015)... 2015 Kitov Pharma ceuticals ... a biopharmaceutical company focused on the development of therapeutic ... today announced the closing of its previously announced underwritten ... ), each representing 20 ordinary shares of the Company, ... ADSs and warrants were issued in a fixed combination ...
(Date:11/25/2015)...  Today AVACEN Medical announced the issue of United States patent No. ... ". This patent shields the company,s AVACEN 100 dry heat therapy medical device and specific methods ... Photo - ... ... ...
(Date:11/25/2015)... , Nov. 25, 2015 USP 800 ... drug preparations (e.g. pharmacists, pharmacy technicians, nurses, physicians, ... technicians). The chapter also covers all entities which ... pharmacies, hospitals, other healthcare institutions, patient treatment clinics, ... --> --> What is ...
Breaking Medicine Technology:
(Date:11/25/2015)... ... November 25, 2015 , ... For the first time, Vitalalert ... Organizations, One Beat ” campaign. The partnership between the two groups began in 2014 ... MAP International’s cause. , MAP International was founded in 1954 and is an international ...
(Date:11/25/2015)... ... ... On November 25, 2015, officials of Narconon Arrowhead , the drug rehabilitation ... new cutting edge recovery program that has been 50 years in the making. ... with the purpose to free addicts from the symptoms and negative behaviors of addiction. ...
(Date:11/25/2015)... ... ... Smiles by Stevens is pleased to announce the addition of Botox® for ... aware of the benefits of Botox® in the treatment of moderate facial wrinkling, few ... and pain as a result of Jaw Tension, TMJ (temporo-mandibular joint) disorder, and Bruxism ...
(Date:11/25/2015)... ... November 25, 2015 , ... In an ongoing Clinical Study conducted by an ... IL, UV Angel is evaluating the efficacy of its product and its disinfection protocol. ... 30 beds) from May 2014 through October 2015 at a 360-bed, acute-care, academic medical ...
(Date:11/25/2015)... Spring, Md (PRWEB) , ... November 25, 2015 ... ... Pulmonary Hypertension Association (PHA) announces the nation’s Periwinkle Pioneers, individuals and groups responsible ... history of this disease. The Periwinkle Pioneers, nominated by the public, will receive ...
Breaking Medicine News(10 mins):