First Choice Healthcare Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
First Choice Healthcare Solutions, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company reported total revenue of $8,785,897 against $7,720,353 a year ago. Net income from operations was $268,078 against $111,473 a year ago. Net income before provision for income taxes was $284,888 against $129,501 a year ago. Net income attributable to the company was $279,338 or $0.01 per diluted share against $202,519 or $0.01 per diluted share a year ago. Net cash used in operating activities was $414,251 against $410,408 a year ago. Purchase of equipment was $335,951 against $173,729 a year ago. Non-GAAP adjusted EBITDA was $736,077 for the first quarter of 2018, an increase of 51% compared to $487,405 for the same period in 2017.