This is the 16th consecutive quarter they have increased both our revenue and operating income year-over-year!
This was a great quarter for my thesis. The tests that I set in October were met this quarter. Revenue rose 10.6% and home care revenue rose 17.6%. The smaller channels, which are distributor and hospital channels, fell by 41%. Gross margin is 80%. The two main tests in the October thesis were revenue per rep and the rate of home care growth and this quarter exceeded both. I'm still a bit below analyst expectations for revenue and my thinking is outlined in my report.