ATI Medical's Profit Rises 60% in 2nd Quarter

ATI Medical Inc., a Glendale company that rents medical equipment to hospitals, said its fiscal second-quarter profit jumped 60% from a year earlier on a 29% increase in revenue.

In the quarter that ended Jan. 31, ATI's net income rose to $873,479 from $547,411 a year ago, while its revenue climbed to $12.6 million from $9.8 million.

For the first half of its fiscal year, ATI's profit more than doubled to $1.67 million from $757,254, and its six-month revenue was up 32% to $24.1 million from $18.3 million.

Copyright © 2019, Los Angeles Times
EDITION: California | U.S. & World