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 01:30 pm
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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 service platform. The Company is focused on treating patients in the various specialties, such as orthopedics, spine surgery, neurology, interventional pain management and related diagnostic and ancillary services in the Brevard County, Florida and the surrounding area. The Company's subsidiaries include TBC Holdings of Melbourne, Inc. and First Choice Medical Group of Brevard, LLC. Its First Choice Medical Group of Brevard, LLC dba Emerge Healthcare, LLC is its flagship multi-specialty medical center, that specializes in the delivery of musculoskeletal medicine and rehabilitative care.
First Choice Healthcare Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2018