OptimumCare’s Profits Dip in 3rd Quarter

OptimumCare Corp., which develops mental health care delivery systems, said net income dropped 28% in the third quarter while revenue climbed 7%.

The company posted net income of $89,179, or 2 cents a share, in the quarter, down from $123,013, or 2 cents a share, for the like period last year. Revenue rose to $1.5 million from $1.4 million.

Nine-month profit declined 29% to $302,950, or 6 cents a share, from $425,849, or 8 cents a share, for the 1994 period. Revenue increased 5% to $4.5 million from $4.3 million.