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Carrot Medical to Provide Support to Legacy Perkins Healthcare Customers

Carrot Medical - the Leader in Interventional Cardiology & Radiology Lab solutions - has agreed to acquire specific assets from Perkins Healthcare Technologies. The intent is to provide Service and Support to legacy Perkins customers that have large video integration systems in their Interventional Labs. Perkins made the strategic decision this year to exit the large video integration market in the interventional space. “Carrot Medical has great respect for Perkins Healthcare and we’re honored to carry on the tradition of top notch innovation and service for the Perkins installed base,” said Jeremy Wiggins, Carrot Medical CEO. “In fact - some former Perkins employees have joined the Carrot Team to further ensure a smooth transition of first rate customer support going...

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A Robust Q3 for Carrot Medical | Positioned for another Record Year

Carrot Medical is pleased to report strong Q3, 2016 and year-to-date (YTD) results. Key financial metrics were very favorable once again. Comparing Q3, 2016 to Q3, 2015, revenue increased by 10%, gross margin improved by 17 percentage points and EBITDA rose by 602%. For the first nine months of 2016, revenue also increased by 17%, gross margin grew by 7 percentage points and EBITDA improved by 1,250% compared to the same period in 2015. On the YTD basis, operating expenses increased by 13% compared to the prior-year period, due primarily to the growth in our Sales and Service organizations. “2015 was a banner year for Carrot Medical, and the momentum carries well into 2016,” said Nicole Ressler, Carrot Medical CFO. “Our third quarter and YTD...

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Carrot Medical Equals Quality

Carrot Medical - the Leader in Interventional Cardiology & Radiology Lab solutions - has been an ISO 13485 compliant company for many years. The ISO Standard specifies the requirements for comprehensive Quality Management Systems in the design and manufacture of medical devices. The certification attests to Carrot’s continued commitment to providing the highest quality products and services to its partners and customers. Carrot Medical’s annual audit - performed by British Standards Institution (BSI) - occurred on September 30th, 2016. The Company is extremely proud to once again report that the audit uncovered ZERO Findings - not even a Minor Non-Conformance. “To have zero findings again on our most recent audit is extremely rewarding to the Carrot Medical Team,” said Jeremy...

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Carrot Medical Announces Distribution Agreement with J.M. Keckler Medical Co., Inc.

Carrot Medical - the leader in interventional lab audio, visual and IT hospital solutions - today announced it entered into a distributor agreement with J.M. Keckler Medical Co. Inc., an award winning medical and surgical equipment distributor with over 40 years of experience. Keckler Medical is a premier supplier of hospital and surgical equipment and technologies in Northern California and Nevada. With this agreement, Carrot Medical will extend the availability of its industry leading Platforms: C-View, C-Suite and C-Com. "The partnership with Keckler Medical allows Carrot to expand its footprint via a proven partner with decades of experience and relationships in the interventional lab space," said Jeremy Wiggins, Carrot Medical CEO. "By partnering with Keckler Medical, more customers will get exposure...

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Carrot Medical Continues to Significantly Grow VA Market Share

Carrot Medical has been awarded another significant order at the VA Palo Alto. The award included a C-View Pro System coupled with the industry leading C-Suite Platform for recording, live streaming and archiving of the clinical data. This latest project for an additional C-View System will make a total of (5) C-View Systems at the VA Palo Alto. “As we have stated in the past, Carrot Medical is extremely proud of our ‘Past Performance’ record within the VA Healthcare System,” said Jeremy Wiggins, Carrot Medical CEO. “The VA Palo Alto continues to be a leading VA Hospital and Carrot is proud of our partnership with the clinical team at Palo Alto and especially honored that we get to serve our...

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Carrot Medical Posts Strong First Half Financials

Carrot Medical’s Q2 2016 revenue increased by 15% compared to the same period in 2015. On the year-to-date basis, revenue in 2016 grew by 25%, gross profit improved by 19% and EBITDA increased by 100% compared to 2015. “For the second straight year Carrot Medical will carry quite a bit of momentum into the second half of the year,” said Nicole Ressler, Carrot Medical's CFO. “All of our financial gauges are positive and continue to move in the right direction. This is largely due to growing market demand for Carrot’s Platforms and streamlining our direct and channel sales.”...

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Carrot Medical with a Second Consecutive Year of Significant First Half Growth

Carrot Medical had strong Q2 sales of all three platforms (C-View, C-Suite and C-Com) with the industry leading C-View platform setting the pace. The preliminary first half revenue number shows a 25% growth over the first half of 2015. “As we have previously stated, 2015 was a banner year for Carrot and with our current line of sight, we anticipate continued healthy growth in 2016 as well,” said Jeremy Wiggins, Carrot Medical CEO. “Carrot continues to stay the course offering state-of-the-art audio, visual and digital video streaming technology to interventional labs that require their suites to be retrofitted in the most cost effective manner possible.”...

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Carrot Medical to Post Strong April Revenue Results | Robust Start to Q2

Preliminary April 2016 top-line revenue reports show a 172% increase over April 2015. “For the second straight year Carrot Medical anticipates favorable Q2 financial results across the board,” said Jeremy Wiggins, Carrot Medical CEO. “As we have noted - 2015 was a banner year for Carrot and so far 2016 is looking even more promising in terms of Revenue, Margins, and EBITDA. The mountain clearly gets steeper as the year progresses but the response from the interventional market to Carrot’s solutions and services continues to be extremely positive.”...

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Carrot Medical and Mentice at the Heart Rhythm Society (HRS) Meeting

Carrot Medical is pleased to announce that Mentice will be in the Carrot booth (#913) at the HRS Meeting in San Francisco. Carrot and Mentice share a common goal in terms of constantly improving Interventional Cardiology workflow and productivity. Mentice is setting new standards for adoption of interventional skills so the partnership with Carrot is a natural fit. Mentice simulation technology will be displayed on the industry leading C-View Pro display in stunning UltraHD (4K) at the HRS....

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Carrot Medical Closes Record C-View (Large Display) Order

Carrot Medical announces a record order for (4) C-View Systems with a single purchase order. The company has sold more than (4) C-View Systems to various hospitals in the US but has never sold (4) C-View Systems at one time. “This order is clearly significant and will position us nicely for the 2nd quarter,” said Nicole Ressler, Carrot Medical CFO. “Following a strong Q1 - we continue to be encouraged by our sales pipeline and how 2016 is shaping up so far.”...

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