First Choice Healthcare Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2017
November 09, 2017 at 07:00 pm IST
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First Choice Healthcare Solutions, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported total revenue of $7,688,493 against $7,669,743 a year ago. Net loss from operations was $731,312 against net income from operations of $505,265 a year ago. Net loss before provision for income taxes was $717,784 against net income before provision for income taxes of $584,249 a year ago. Net loss was $717,784 or $0.02 per basic and diluted share against net income of $584,249 or $0.02 per basic and diluted share a year ago. Adjusted EBITDA was $417,106 against $1,438,798 a year ago. Net loss attributable to the company was $440,398 compared to profit of $544,940 a year ago.
For the nine months, the company reported total revenue of $23,623,537 against $22,564,596 a year ago. Net loss from operations was $840,665 against net income from operations of $1,342,489 a year ago. Net loss before provision for income taxes was $785,520 against net income before provision for income taxes of $10,491,646 a year ago. Net loss was $785,520 or $0.01 per basic and diluted share against net income of $10,491,646 or $0.038 per diluted share a year ago. Adjusted EBITDA was $1,139,368 against $3,557,856 a year ago. Net cash used in operating activities of $1,118,499 against $2,251,710 a year ago. Purchase of equipment of $281,618 against $239,418 a year ago. Net loss attributable to the company was $369,454 compared to profit of $10,265,018 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, 2017