NetworkNewsBreaks – Medical Transcription Billing, Corp. (NASDAQ: MTBC) Releases Financial Results for Full Year, Fourth Quarter of 2016
Health care information technology company Medical Transcription Billing, Corp. (NASDAQ: MTBC; MTBCP) this morning reported its financial results for both the full year and fourth quarter of 2016. Among the highlights, the company reported revenue of $8.8 million for the three-month period, representing a hefty year-over-year increase of 65 percent. “We are pleased to announce 65% revenue growth over the fourth quarter of 2015 as well as 65% growth over the third quarter of 2016, and our third consecutive quarter of quarter-over-quarter revenue growth,” Mahmud Haq, chairman and CEO of MTBC, stated in the news release. “We are greatly encouraged…