SunLink Health Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2023
May 10, 2023 at 04:41 pm EDT
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SunLink Health Systems, Inc. reported earnings results for the third quarter and nine months ended March 31, 2023. For the third quarter, the company reported sales was USD 11.53 million compared to USD 10.53 million a year ago. Net loss was USD 0.762 million compared to USD 0.99 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.13 a year ago. Diluted loss per share from continuing operations was USD 0.1 compared to USD 0.13 a year ago. Basic loss per share was USD 0.11 compared to USD 0.14 a year ago. Diluted loss per share was USD 0.11 compared to USD 0.14 a year ago.
For the nine months, sales was USD 36.96 million compared to USD 31.46 million a year ago. Net loss was USD 0.369 million compared to net income of USD 0.356 million a year ago. Basic loss per share from continuing operations was USD 0.03 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.03 compared to diluted earnings per share from continuing operations of USD 0.08 a year ago. Basic loss per share was USD 0.05 compared to basic earnings per share of USD 0.05 a year ago. Diluted loss per share was USD 0.05 compared to diluted earnings per share of USD 0.05 a year ago.
SunLink Health Systems, Inc., through subsidiaries, owns and operates healthcare businesses in the Southeast. The Companyâs operations are composed of a pharmacy business and an information technology (IT) business. The pharmacy business is composed of four operational areas conducted in three locations in southwest Louisiana: retail pharmacy products and services, consisting of retail pharmacy sales; institutional pharmacy services consisting of the provision of specialty and non-specialty pharmaceutical and biological products to institutional clients or to patients in institutional settings, such as extended care and rehabilitation centers, behavioral and specialty hospitals, hospice, and correctional facilities and durable medical equipment products and services, consisting primarily of the sale and rental of products for institutional clients. Its subsidiary SunLink Health Systems Technology provides information technology (IT) services to outside customers.