Spine Pain Management, Inc. Announces Strong Q1 2012 Results and Provides Corporate Updates
Net Revenue Up 53%, Net Income Up 61%; Investor Conference Call 5:00PM May 14HOUSTON, May 14, 2012-- Spine Pain Management, Inc. (OTC.BB: SPIN), a rapidly growing medical services and technology company, is announcing the following First Quarter 2012 vs. First Quarter 2011 financial results, (in $000 except per share amounts). Net revenue was $1284 vs. $839, an increase of 53%. Net income was $481 vs. $298, an increase of 61%. Earnings per share were $0.03 vs. $0.02. The gross margin rate was 64% in both periods. Further detail, including the definition of “net revenue”, can be found in