First Choice Healthcare Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018
November 08, 2018 at 08:30 am EST
Share
First Choice Healthcare Solutions, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2018. For the quarter, the company reported total revenue of $9,703,573 against $7,688,493 a year ago. Net loss from operations was $219,429 against $731,312 a year ago. Net loss before provision for income taxes was $163,539 against $717,784 a year ago. Net loss attributable to the company was $263,587 or $0.01 per basic and diluted share against $440,398 or $0.02 per basic and diluted share a year ago. Adjusted EBITDA was $194,335 against $97,668 a year ago.
For the nine months, the company reported total revenue of $27,911,822 against $23,623,537 a year ago. Net income from operations was $508,340 against net loss from operations of $840,665 a year ago. Net income before provision for income taxes was $603,105 against net loss before provision for income taxes of $785,520 a year ago. Net income attributable to the company was $447,301 or $0.01 per basic and diluted share against net loss attributable to the company of $369,454 or $0.01 per basic and diluted share a year ago. Adjusted EBITDA was $1,750,018 against $938,726 a year ago. Net cash used in operating activities was $1,062,901 against $1,118,499 a year ago. Purchase of equipment was $685,964 against $281,618 a year ago.
First Choice Healthcare Solutions, Inc. is a provider of integrated healthcare services. The Company is focused on developing a national chain of primary care and wellness clinics focused on providing life improvement services (anti-aging, weight management, and hormone replacement) and pharmacy services, across United States of America. The Company also provides rehabilitative services, such as physical therapy.
First Choice Healthcare Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018