First Choice Healthcare Solutions, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2018
August 15, 2018 at 08:30 am EDT
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First Choice Healthcare Solutions, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2018. For the quarter, the company’s total revenue was $9,422,352 compared to $8,214,691 a year ago. Net income from operations was $459,690 compared to loss of $220,826 a year ago. Net income before provision for income taxes was $481,755 against loss of $197,237 a year ago. Net income attributable to company was $431,549 or $0.01 per basic and diluted share compared to net loss of $131,575 or $0.0 per basic and diluted share a year ago. Adjusted EBITDA was $819,605 compared to $353,653 a year ago.
For the six months, the company’s total revenue was $18,208,249 compared to $15,935,044 a year ago. Net income from operations was $727,768 compared to loss of $109,353 a year ago. Net income before provision for income taxes was $766,643 against loss of $67,736 a year ago. Net income attributable to company was $710,887 or $0.02 per basic and diluted share compared to $70,944 or $0.0 per basic and diluted share a year ago. Net cash used in operating activities was $433,187 against $863,657 a year ago. Purchase of equipment was $381,806 against $197,588 a year ago. Adjusted EBITDA was $1,555,682 compared to $841,058 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.