First Choice Healthcare Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
August 15, 2017 at 05:30 pm IST
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First Choice Healthcare Solutions, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company’s total revenue was $8,214,691 compared to $7,653,100 a year ago. Net loss from operations was $220,826 compared to income of $268,141 a year ago. Net loss before provision for income taxes was $197,237 against income of $286,949 a year ago. Net loss attributable to company was $131,575 compared to net income of $153,137 or $0.01 per basic and diluted share a year ago. Non-GAAP adjusted EBITDA was $593,008 compared to $861,646 a year ago.
For the six months, the company’s total revenue was $15,935,044 compared to $14,894,853 a year ago. Net loss from operations was $109,353 compared to income of $837,224 a year ago. Net loss before provision for income taxes was $67,736 against income of $9,907,397 a year ago. Net income attributable to company was $70,944 compared to $9,720,078 or $0.36 per diluted share a year ago. Net cash used in operating activities was $863,657 against $1,274,163 a year ago. Purchase of equipment was $197,588 against $149,507 a year ago. Non-GAAP adjusted EBITDA was $1,345,409 compared to $2,078,853 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.