ASHEVILLE, N.C.--(BUSINESS WIRE)--Avadim Technologies, Inc. (“Avadim”), a life science company and manufacturer of the new paradigm skin hygiene patented product line, Theraworx® Technology, announced today record-breaking revenue results for its second quarter 2015. The Company reported consolidated unaudited gross revenue of $906,000, which was up 128% over the second quarter 2014 of $397,000. The Company also reported 2015 second quarter U.S. clinical revenue was $610,000 versus $218,000 for the second quarter of 2014 resulting in an increase of 180%.
Steve Woody, Chairman and CEO of Avadim, said, “This was yet another incredibly strong quarter for our company driven by record quarterly revenue of $906,000. The second quarter’s revenue increased 37% over our first quarter of $661,000. Our historic results once again reflect the continued clinical acceptance of the patented Theraworx® product line and patent-pending protocols. Over the next few quarters we expect to see our revenue accelerate as we continue to focus on growing the number of new participating hospitals and existing hospitals expand into our other product lines.
The quarterly estimated gross revenue presented in this release are based on preliminary financial data and are subject to change until the year-end financial reporting process is completed.
Avadim's patented Theraworx products and patent-pending protocols have
demonstrated a proven ability to help hospitals control
hospital-acquired conditions. The unique Theraworx formula helps
preserve the body's natural skin function, by preventing dry skin and
helping to maintain the natural acidic, anti-microbial nature of the
skin's outermost layer.
For more information on Theraworx®, visit www.theraworx.com.
About Avadim Technologies, Inc.:
Avadim Technologies, Inc., a life science company, was formed in 2007, with a simple vision of improving patient care. Our desire is to transform standard health care practices with our safe and effective Theraworx™ Technology, with the ultimate goal of fighting unnecessary infections on a global level. The name Avadim means “to serve”, providing opportunity for global outreach and giving back through the Eblen Center for Social Enterprise’s program Beyond All Borders. To learn more about Avadim Technologies, Inc., visit http://www.theraworx.com and follow @theraworx.