01 February 2011 - New Mexico Software, d/b/a Net Medical Xpress, a developer of medical IT solutions and services that enable improved and faster communication within the healthcare community, announced today the company's third quarter financial results.

The company reported $719,000 in net sales for the quarter ended September 30, 2011, compared to net sales of $913,000 in 2010 third quarter. The company reported a third quarter net loss of $71,000 compared to a net loss of $165,000 a year earlier.

For the first nine months of 2011, Net Medical Xpress reported net sales of $2,414 million compared to net sales of $2,596 million in the first nine months of 2010. The company reported a net loss of $157,000 compared to a net loss of $34,000 in the comparable nine months of 2010.

CEO Dick Govatski said, “We experienced a small decrease in volume during the third quarter, reflecting to some degree a general slowing of the industry. A fall off in radiological services was partially offset by highly promising gains in our fledgling cardiology services. Despite somewhat disappointing sales in the third quarter, we are encouraged by what we have seen so far in the current quarter. Both our mobile and our diagnostic businesses are growing well and, looking further out, we expect growth in our hospital services business in 2012 and with the addition of services for neurology, stroke, infectious diseases, renal exams, retinal, psychology and dermatology”