US Stem Cell Inc (USRM)

[Investaholic33]

U.S. Stem Cell, Inc. Reports Positive Results for Q1 2016
http://us-stemcell.com/results-for-q1-2016/

- Revenues increased $221,000 (45%) from $490,000 in Q1 2015 to $711,000 in Q1 2016,
- Gross margins, primarily due to in-house versus subcontracted lab kit construction, increased to 78% in Q1 2016 from 40% in Q1 2015,
- Net operating loss decreased ($794,000) (98%) from ($808,000) in Q1 2015 to ($14,000) in Q1 2016,
- Overall net loss decreased ($685,000) (65%) from ($1,048,000) in Q1 2015 to ($363,000) in Q1 2016. The decrease is attributable to higher gross margins and a decrease in marketing and general and administrative expenses,
- Cash used in operating activities decreased ($322,000) (84%) from ($384,000) in Q1 2015 to ($62,000) in Q1 2016. On a cash accounting basis, the Company generated $6,000 in positive cash flows, and
- The Company’s current liabilities and working capital deficit remained, for the most part, constant from Q1 2015 to Q1 2016.