New customers boost Liberator’s financial results

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Tuesday, May 12, 2015

STUART, Fla. – Liberator Medical added 5,758 new customers in the first two quarters of fiscal year 2015, the company announced May 11.

“For the remainder of 2015, we intend to build this base through our proven direct response advertising efforts,” stated Mark Libratore, president and CEO, in a press release detailing the company’s financial results for the second quarter ended March 31.

Another emphasis for Liberator: retaining existing customers through “uncompromising” customer service, Libratore says. Existing customers generated $16.9 million in revenues for the second quarter, 86% of total revenues.

Liberator reported net sales of $19.7 million for the second quarter, an 11.7% increase compared to the same period last year. Net income was $1.7 million vs. $1.6 million.

For the first six months of fiscal year 2015, Liberator reported net sales of $39.9 million, a 10% increase compared to the same period last year. Net income was $4.1 million vs. $3.7 million.