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Medical Information Technology Inc   (MITII)
Other Ticker:  
 
    Sector  Technology    Industry Software & Programming
   Industry Software & Programming
   Sector  Technology
 
Price: $0.0000 $0.00 %
Day's High: 0.00 Week Perf:
Day's Low: $ 0.00 30 Day Perf:
Volume (M): 0 52 Wk High: $ 0.00
Volume (M$): $ 0 52 Wk Avg: $0.00
Open: $0.00 52 Wk Low: $0.00



 Market Capitalization (Millions $) -
 Shares Outstanding (Millions) -
 Employees 3,700
 Revenues (TTM) (Millions $) 518
 Net Income (TTM) (Millions $) 132
 Cash Flow (TTM) (Millions $) 24
 Capital Exp. (TTM) (Millions $) 5

Medical Information Technology Inc
At the beginning MEDITECH developed a software product to automate one of the main departments in a hospital, the clinical laboratory which performs various diagnostic tests on blood or urine specimens. Within a few years, this product became standardized, thereby requiring minimal adaptation to meet the individual needs of a typical customer. MEDITECH extended the concept and developed additional software products for the rest of a hospital's clinical departments. Eventually, it moved into the financial area by developing a hospital billing and accounts receivable product as well as various general accounting products. More recently, as healthcare organizations have increased the breadth of their services, MEDITECH has expanded its offering to include software that operates in home healthcare, ambulatory, mental health and long-term care settings.


   MITII is expected to report next financial results on October 29, 2020.
 

Medical Information Technology Inc 's Segments
 
 

Phillips Edison and Company Inc

Loss on Weak Sales

In the second quarter lost money of $-0.02 per share compared to $-0.13 a year ago and eps fell from $0.03 per share from the previous quarter.

Revenues declined in double digits by -10.21% to $119.04 millions from $132.58 millions in the same quarter a year ago and sequentially Revenue deteriorated by -9.49% from $131.52 millions.

Prevention Insurance Com Inc

Prevention Insurance Com Inc announced fourth quarter operating deficit of $-0.009118 millions

In the fourth quarter Prevention Insurance Com Inc reached break-even of $-0.00 per share compared to $-0.01 a year ago and from $0.00 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

First Foods Group Inc

Deficit Bigger Than a Year Ago, Topline Tumbles

First Foods Group Inc reported disastrous second quarter, where Sales faded by -66.36% to $0.02 millions and loss per share has widen to $-0.03, from the same quarter a year ago.

Digital Locations Inc

Deficit Bigger Than a Year Ago but Revenues Unchanged

In the second quarter Digital Locations Inc loss increased of $-0.06 per share compared to $0.00 a year ago and improved from $-0.07 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.09 millions in the same quarter a year ago and sequentially from $0.00 millions.

Merion Inc

Break-even, Topline Tumbles

In the second quarter reached break-even of $0.00 per share compared to $0.00 a year ago and from $0.00 per share from the previous quarter.

Revenues fell sharply by -98.03% to $0.03 millions from $1.48 millions in the same quarter a year ago and sequentially Revenue Tumbled by -55.86% from $0.07 millions.






   
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