American Caresource Holdings, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014
November 14, 2014 at 03:04 pm EST
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American Caresource Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net loss of $1,454,000 or $0.22 per basic and diluted share on net revenues of $6,763,000 against net loss of $858,000 or $0.15 per basic and diluted share on net revenues of $6,493,000 for the same period a year ago. Loss before income taxes was $1,680,000 against $852,000 for the same period a year ago. LBITDA was $1,393,000 against $666,000 for the same period a year ago. LBITDA, as adjusted was $1,113,000 against $548,000 for the same period a year ago.
For the nine months, the company reported net loss of $4,232,000 or $0.67 per basic and diluted share on net revenues of $17,742,000 against net loss of $3,518,000 or $0.62 per basic and diluted share on net revenues of $20,541,000 for the same period a year ago. Loss before income taxes was $4,457,000 against $3,501,000 for the same period a year ago. LBITDA was $3,768,000 against $2,907,000 for the same period a year ago. LBITDA, as adjusted was $2,785,000 against $2,421,000 for the same period a year ago. Net cash used in operating activities was $3,096,000 against $4,073,000 for the same period a year ago. Investment in software development costs was $174,000 against $199,000 for the same period a year ago. Additions to property and equipment were $248,000 against $11,000 for the same period a year ago.
American CareSource Holdings, Inc. is a provider of urgent and primary care services. The Company owns and operates over 10 urgent and primary care centers in the east and southeastern United States. The Company operates through urgent and primary care business segment. The Company's services provided at its centers include treatment of general medical problems, including colds, influenza, ear infections, hypertension, asthma, pneumonia, urinary tract infections and other conditions typically treated by primary care providers; treatment of injuries, such as simple fractures, dislocations, sprains, bruises and cuts; minor, non-emergent surgical procedures, including suturing of lacerations and removal of cysts and foreign bodies; diagnostic tests, such as x-rays, electrocardiograms, complete blood counts and urinalyses, and occupational and industrial medical services, including drug testing, workers' compensation cases and physical examinations.