Graymark Resupply Orders Up 107% YoY

Graymark Healthcare Inc. GRMH realized a 107% year-over-year increase in patient resupply shipments in the first quarter of 2011. Resupply shipments were also up slightly sequentially, setting a record in what is typically the slowest quarter of the year. In the first quarter of 2011, Graymark shipped 2,244 resupply packages relating to its Continuous Positive Airway Pressure (CPAP) machines, versus 1,084 in the same year-ago quarter and 2,220 in the previous quarter. The increase is an extension of the growth in the number of sleep studies performed through the company's higher margin outreach program. The number of sleep therapy setups were also up 10% from the year-ago quarter, from 620 to 680 in the first quarter of 2011.