Who says there's no money to be made in the mHealth industry? Mobile authentication and security company Diversinet reported revenues of more than $2 million for the first quarter this year, including more than $1.6 million from additional customers it acquired through its relationship with AllOne Health.
The extra revenues helped Diversinet swing to a net profit of $182,000 compared to a net loss of about $1.2 million this time last year.
Diversinet is the security platform that AllOne Mobile has built its mHealth offering on. AllOne has inked a number of pilot deals with various regional Blue Cross Blue Shields and the U.S. Army.
Chief executive and chairman Albert Wahbe said: "We believe that we can make additional progress in the health care industry even in these challenging economic times. We are pleased to report our third consecutive profitable quarter."