PR Newswire
GLENDALE, Calif., Aug. 19, 2014
GLENDALE, Calif., Aug. 19, 2014 /PRNewswire/ -- Apollo Medical Holdings, Inc. ("ApolloMed") (OTC-QB: AMEH), an integrated physician-centric healthcare delivery company announced its fiscal 2015 first quarter results for the three months ended June 30, 2014.
It should be noted that the Company changed its year-end and now reports financial results on calendar quarters. FY 2015 now covers the reporting period from April 1, 2014 to March 31, 2015.
Financial Highlights for the Three Months Ended June 30, 2014 Compared to Three Months Ended June 30, 2013:
Select Operational Highlights for Calendar Year 2014 YTD included:
Commenting on the results, Warren Hosseinion, M.D., CEO of ApolloMed, stated, "We continue to successfully execute on our multi-channel growth strategies, leveraging our strong reputation as a trusted partner to all stakeholders in the care continuum. By consistently delivering excellent inpatient and outpatient services for our patients and our hospital, health plan and IPA partners, ApolloMed continues to achieve record revenue growth on a quarter-over-quarter basis – an accomplishment in which we take immense pride and which we target to continue for the remainder of FY 2015."
For more details on ApolloMed's fiscal year 2015 first quarter results, please refer to the Company's 10-Q filed with the U.S. Securities Exchange Commission and accessible at www.sec.gov.
UNAUDITED FINANCIAL TABLES TO FOLLOW:
APOLLO MEDICAL HOLDINGS, INC. | ||||||||
| ||||||||
| | June 30, | | | March 31, | | ||
| | 2014 | | | 2014 | | ||
ASSETS | | | | | | | | |
| | | | | | | | |
CURRENT ASSETS | | | | | | | | |
Cash and cash equivalents | | $ | 5,762,423 | | | $ | 6,831,478 | |
Marketable securities | | | 407,682 | | | | - | |
Restricted cash | | | 40,000 | | | | 20,000 | |
Accounts receivable, net | | | 1,531,405 | | | | 1,508,461 | |
Due from affiliates | | | 38,638 | | | | 24,041 | |
Prepaid expenses | | | 59,664 | | | | 42,200 | |
Total current assets | | | 7,839,812 | | | | 8,426,180 | |
| | | | | | | | |
Deferred financing costs, net | | | 337,978 | | | | 366,286 | |
Property and equipment, net | | | 99,222 | | | | 94,948 | |
Intangible assets, net | | | 211,427 | | | | 59,627 | |
Goodwill | | | 278,135 | | | | 494,700 | |
Other assets | | | 38,681 | | | | 41,636 | |
TOTAL ASSETS | | $ | 8,805,255 | | | $ | 9,483,377 | |
| | | | | | | | |
LIABILITIES AND STOCKHOLDERS' DEFICIT | | | | | | | | |
| | | | | | | | |
CURRENT LIABILITIES | | | | | | | | |
Accounts payable and accrued liabilities | | $ | 1,482,682 | | | $ | 1,447,040 | |
Medical liabilities | | | 1,137,395 | | | | 552,561 | |
Note and line of credit payable , net of discount -current portion | | | 392,264 | | | | 444,764 | |
Holdback liability | | | 136,822 | | | | - | |
Total current liabilities | | | 3,149,163 | | | | 2,444,365 | |
| | | | | | | | |
Warrant liability | | | 2,384,629 | | | | 2,354,624 | |
Notes payable, net of discount - non current portion | | | 5,282,736 | | | | 5,344,565 | |
Convertible notes payable, net of discount | | | 981,688 | | | | 962,978 | |
Total liabilities | | | 11,798,216 | | | | 11,106,532 | |
| | | | | | | | |
STOCKHOLDERS' DEFICIT | | | | | | | | |
Preferred stock, par value $0.001; 5,000,000 shares authorized; none issued | | | - | | | | - | |
Common Stock, par value $0.001; 100,000,000 shares authorized, 49,134,549 shares issued and outstanding as of June 30, 2014 and March 31, 2014, respectively | | | 49,135 | | | | 49,135 | |
Additional paid-in-capital | | | 15,202,504 Werbung Mehr Nachrichten zur APOLLO MEDICAL HLDGS INC Aktie kostenlos abonnieren
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