Agility Health, Inc Reports Financial Results for the Year Ended December 31, 2017
Agility Health, Inc. reported financial results for the year ended December 31, 2017. For the year, the company saw an increase in revenues from $62.6 million to $74.8 million as a result of the acquisition of Medic Holdings Corp. in March 2017. Net loss increased to $9.9 million or $0.08 per share in 2017 compared to $2.9 million or $0.04 per share in 2016. The primary reasons for the increased loss was an impairment loss of $3.0 million, a fair value adjustment of $1.7 million for warrants and obligations, increased professional fees of $1.2 million and increased administrative expenses of $1.1 million. Adjusted EBITDA from continuing operations decreased to $4,447,655 compared to $4,709,069 in 2016; and revenue from continuing operations for the same period increased to $20.2 million from $15.6 million in 2016.