Who says there’s no money to be made in the mHealth industry? Mobile authentication and security company Diversinet reported revenues of more than $2 million for the first quarter this year, including more than $1.6 million from additional customers it acquired through its relationship with AllOne Health.
The extra revenues helped Diversinet swing to a net profit of $182,000 compared to a net loss of about $1.2 million this time last year.
Diversinet is the security platform that AllOne Mobile has built its mHealth offering on. AllOne has inked a number of pilot deals with various regional Blue Cross Blue Shields and the U.S. Army.
Chief executive and chairman Albert Wahbe said: “We believe that we can make additional progress in the health care industry even in these challenging economic times. We are pleased to report our third consecutive profitable quarter.”
For more, check out this quick post over at ProactiveInvestors.com
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[...] with two drug companies for trials IntelliDOT CEO has worked “feverishly” on mHealth Diversinet brought in $1.6M from mHealth deals Epocrates alerts doctors to potentially harmful drug MedApps connects to Microsoft’s [...]
August 17th, 2009 at 3:29 pm
[...] Mobile security solutions provider Diversinet announced another successful quarter as revenues for the company totaled $1,945,000, a 244 percent increase over last year. The amount includes $1,625,000 in revenues from the company’s $40 million five-year worldwide license and revenue share agreement with AllOne Mobile. The company also brought in $1.6 million in revenues from its AllOne Mobile partnership during the first quarter of 2009. [...]