Revenue Update on Authentidate Holding Corp.(NASDAQ:ADAT)

Authentidate Holding Corp.(NASDAQ:ADAT) announced the earnings results for Fiscal Year 2016 and Q3. The results came in during After-hours on Sep 27, 2016. Earnings per share were $-0.03.

Authentidate Holding Corp. (ADAT) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -1.10% at a volume of 355. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $3.58. The peak price level was also seen at $3.58 while the days lowest was $3.58. Finally the shares closed at $3.58. The 52-week high of the shares is $8.004608 while the 52-week low is $2.05. According to the latest information available, the market cap of the company is $21 M.

Authentidate Holding Corp. (Authentidate) is engaged in providing web-based software applications and telehealth products and services. The Company’s web-based services are delivered as Software as a Service (SaaS) to its customers interfacing with billing information and document management systems. Its products include Inscrybe Healthcare Electronic House Call and Interactive Voice Response Telehealth Solutions Inscrybe Office and AuthentiProof. These solutions incorporate features and security technologies such as business-rules based electronic forms intelligent routing transaction management electronic signatures identity credentialing content authentication automated audit trails and remote patient monitoring capabilities. The Company sells its web-based services and telehealth products and services through a direct sales effort reseller arrangements and group purchasing organizations (GPO).

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