Birner Dental Management Services (BDMS) saw its loss widen to $0.54 million, or $0.29 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $0.37 million, or $0.20 a share. Revenue during the quarter dropped 5.03 percent to $14.29 million from $15.05 million in the previous year period. Operating margin for the quarter stood at negative 5.08 percent as compared to a negative 3.68 percent for the previous year period.
Operating loss for the quarter was $0.73 million, compared with an operating loss of $0.55 million in the previous year period.
However, the adjusted EBITDA for the quarter stood at $0.34 million compared with $0.60 million in the prior year period. At the same time, adjusted EBITDA margin contracted 161 basis points in the quarter to 2.38 percent from 3.99 percent in the last year period.
Working capital remains negativeWorking capital of Birner Dental Management Services was negative $3.82 million on Dec. 31, 2016 compared with negative $4.04 million on Dec. 31, 2015. Current ratio was at 0.54 as on Dec. 31, 2016, up from 0.51 on Dec. 31, 2015. Days sales outstanding were almost stable at 10 days for the quarter, when compared with the last year period.
At the same time, days payable outstanding was almost stable at 9 days for the quarter, when compared with the previous year period.
Debt comes down marginally
Birner Dental Management Services has recorded a decline in total debt over the last one year. It stood at $9.85 million as on Dec. 31, 2016, down 3.49 percent or $0.36 million from $10.21 million on Dec. 31, 2015. Total debt was 52.74 percent of total assets as on Dec. 31, 2016, compared with 46.72 percent on Dec. 31, 2015. Debt to equity ratio was at 22.89 as on Dec. 31, 2016, up from 6.20 as on Dec. 31, 2015. Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: editor@irisindia.net
