AdCare Health Systems, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017
AdCare Health Systems, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, total revenues were $6,135,000 against $7,082,000 a year ago. Income from operations was $652,000 compared to $445,000 a year ago. Loss from continuing operations before income taxes was $538,000 compared to $1,422,000 a year ago. Loss from continuing operations was $539,000 or $0.12 per basic and diluted share compared to $1,422,000 or $0.16 per basic and diluted share a year ago. Net loss attributable to the company’s common stockholders was $2,830,000 or $0.14 per basic and diluted share compared to $3,727,000 or $0.19 per basic and diluted share a year ago.