Medical Care Technologies Inc. (OTCID:MDCE) Delivers 270% Net Income Surge in Q3 as Profitability Accelerates
Nine-month results shifted from a net loss to a profit, while the quarter ended with zero current liabilities.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Medical Care Technologies (OTCID:MDCE) reported third-quarter net income growth of 270% in unaudited results for the period ended September 30, 2026. Net income reached $192,565, versus $52,103 a year earlier. Revenue increased 13% to $538,981 from $478,128, while gross profit rose 55% to $240,839 from $155,720. Net operating income increased 254% to $192,565 from $54,370.
For the nine months ended September 30, 2026, net income was $198,883, compared with a prior-year net loss of $145,347. Nine-month gross profit increased to $332,744 from $78,042. The company ended the quarter with zero current liabilities and cash of $102,172.
How this balance works
Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.
It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.
Rhea-AI Sentiment measures something else, the tone of the wording.
Positive
- Major pointQ3 net income rose 270% to $192,565 from $52,103 in the prior-year period.
- Moderate pointQ3 revenue increased 13% to $538,981 from $478,128 in the prior-year period.
- Moderate pointQ3 gross profit rose 55% to $240,839 from $155,720 in the prior-year period.
- Moderate pointNine-month gross profit increased to $332,744 from $78,042 in the prior-year period.
- Minor pointQ3 net operating income increased 254% to $192,565 from $54,370 in the prior-year period.
2 minor points
- Minor pointNine-month net income reached $198,883, versus a prior-year net loss of $145,347.
- Minor pointZero current liabilities were reported at quarter-end.
Negative
- Minor pointThird-quarter and nine-month financial results are unaudited.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MESA, AZ / ACCESS Newswire / November 12, 2026 / Medical Care Technologies Inc. (OTCID:MDCE) today reported unaudited financial results for the three and nine months ended September 30, 2026, showing substantial improvements in profitability driven by subsidiary operations.
For the third quarter, sales revenue increased
For the nine months ended September 30, 2026, the Company reported net income of
"These numbers show the Company moving from development into measurable profitability," said Marshall Perkins, CEO of Medical Care Technologies. "Gross profit and net income are up sharply in the quarter, and we have swung to a year-to-date profit. The subsidiaries are generating revenue while we continue building the software side of the business which has also recently been monetarily infused with new enterprise clients."
The full quarterly disclosure statement is available on OTC Markets.
About Medical Care Technologies Inc.
Medical Care Technologies Inc. (OTCID:MDCE) is a diversified technology company focused on the development and commercialization of artificial intelligence-powered applications spanning health, wellness, nutrition, lifestyle, and enterprise imaging analysis solutions. The Company owns subsidiaries Infinite Auctions and Real Game Used. Visit: https://www.medicalcaretechnologies.com | https://infiniteauctions.com | https://realgameused.com
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on current expectations, estimates, and projections about the Company's business and the industry in which it operates, and are not guarantees of future performance. Forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, but are not limited to, the Company's ability to continue operations, manage costs, generate revenue from subsidiaries and software activities, complete development of its platforms, and access capital. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. Investors are cautioned not to place undue reliance on these forward-looking statements.
Contact Information:
Medical Care Technologies Inc.
1910 S. Stapley Drive, Suite 221, Mesa, AZ 85204
Phone: +1 (480) 645-0750
Email: marshall@medicalcaretechnologies.com
Website: https://www.medicalcaretechnologies.com
SOURCE: Medical Care Technologies Inc.
View the original press release on ACCESS Newswire
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How much did Medical Care Technologies MDCE earn in the third quarter of 2026?
Medical Care Technologies reported net income of $192,565 for the three months ended September 30, 2026, up 270% from $52,103 in the prior-year period. The results are unaudited.
Was Medical Care Technologies MDCE profitable for the first nine months of 2026?
Medical Care Technologies reported nine-month net income of $198,883, compared with a net loss of $145,347 in the prior-year period. Gross profit for the nine months ended September 30, 2026, increased to $332,744 from $78,042.