Avadim Technologies, Inc. Posts Record Quarterly Revenue of $906,000

180% Gain in U.S. Clinical Revenue in Second Quarter of 2015

ASHEVILLE, N.C.--()--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.

About Theraworx®:

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.

Contacts

Press Contact:
The Buzz, LLC
Mandy Allfrey
828-450-4840
www.thebuzz.marketing
or
Company Contact:
Avadim Technologies Inc.
Joe McGuire
Chief Financial Officer
904-228-2603
joe@theraworx.com

Release Summary

Avadim Technologies, Inc. Posts Record Quarterly Revenue of $906,000 180% Gain in U.S. Clinical Revenue in Second Quarter of 2015

Contacts

Press Contact:
The Buzz, LLC
Mandy Allfrey
828-450-4840
www.thebuzz.marketing
or
Company Contact:
Avadim Technologies Inc.
Joe McGuire
Chief Financial Officer
904-228-2603
joe@theraworx.com