Meditech product revenue up 33% in Q3: 4 things to know

Meditech released financial results for the third quarter ended Sept. 30, noting a 33 percent jump in product revenue from the same time frame in 2016.

Here are four things to know.

1. Product revenue increased from $27.4 million in the third quarter of 2016 to $41 million in the third quarter of 2017. This marked a 33 percent jump.

2. Meditech posted $46.5 million in net income for the nine months ended Sept. 30, down from $60.7 million for the same period in 2016.

3. Earnings per share for the third quarter were $0.47, down from $0.68 one year prior.

4. The U.S. market accounted for 89 percent of the company's sales.

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