
Financial Performance - Net revenue increased by 34% to $9.2 million for the three months ended March 31, 2019, compared to $6.9 million for the same period in 2018[111] - Net income rose by 22% to $2.4 million during the three months ended March 31, 2019, up from $1.9 million in the same period in 2018[111] - Device revenue increased by 24% to $2.0 million for the three months ended March 31, 2019, driven by growth in orders attributed to the expansion of the sales force[119] - Supplies revenue grew by 37% to $7.2 million for the three months ended March 31, 2019, primarily due to an increased customer base from higher device sales[120] Cash Flow and Working Capital - Operating cash flows were $1.8 million for the three months ended March 31, 2019, an increase from $1.0 million in the same period in 2018[130] - Working capital increased by 34% to $9.8 million as of March 31, 2019, compared to $7.3 million as of December 31, 2018[111] - Cash and cash equivalents stood at $9.4 million as of March 31, 2019, with anticipated cash flow from operations expected to meet working capital needs for at least the next twelve months[129] Expenses - Sales and marketing expenses surged by 89% to $2.5 million for the three months ended March 31, 2019, due to the addition of 53 new sales representatives[122] - General and administrative expenses increased by 13% to $2.7 million for the three months ended March 31, 2019, primarily due to headcount growth and fees related to the Nasdaq uplisting[123] Taxation - The effective income tax rate was 25% for the three months ended March 31, 2019, compared to 6% for the same period in 2018[128]