The Toronto-based firm makes software for the healthcare industry. Its loss per share remained flat at two cents, while its revenue rose 73 per cent to $449,000 from $259,000. Expenses rose to $1.3 million from $806,000.

MedcomSoft said it believes expenses will “increase only marginally” going forward, “unless there is a significant increase in sales, as the company has built an infrastructure which is appropriate for its short term sales goals.”