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ATI Medical’s Earnings Up 31% in 2nd Quarter

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ATI Medical in Glendale said its fiscal second-quarter earnings rose 31% from a year earlier on a 53% surge in revenue.

ATI, which rents medical equipment to hospitals and the entertainment industry, said net income in the quarter that ended Dec. 31 climbed to $547,411 from $416,655 a year earlier. Revenue rose to $9.80 million from $6.41 million.

The company attributed the gains largely to ATI’s addition of six branch offices, which raised the company’s number of offices to 45 nationwide.

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For the first half of its fiscal year, ATI’s profit rose 22% to $757,254 from $621,119, and six-month revenue was up 60% to $18.3 million from $11.4 million.

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