QHSLab, Inc. (USAQ) Reports Third Quarter Financial Results
WEST PALM BEACH, FL, Nov. 14, 2023 (GLOBE NEWSWIRE) -- QHSLab, Inc. (the “Company”) (OTCQB: USAQ), a company focused on providing clinicians with tools to leverage proactive, value-based healthcare solutions through emerging digital health and point-of-care technologies, today announced its financial results for the third quarter ended September 30, 2023, and provided a business update.
- Gross margin improved 966 basis points to 56.3% for the quarter compared to 46.6% during the three months ended September 30, 2022.
- For the three months ended September 30, 2023, sales and marketing expenses totaled $114,019 compared to $154,620 for the three months ended September 30, 2022.
- For the three months ended September 30, 2023, general and administrative expenses totaled $47,277, a decrease of $60,688, compared to $107,965 for the three months ended September 30, 2022.
- For the three months ended September 30, 2023, interest expense decreased by $58,123 to $48,581 from $106,704 for the three months ended September 30, 2022.