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This looks like a great stock.
But I am in one sector.
Marijuana.
Do not use it, but interesting days are ahead.
A good Friend referred Me.
https://finance.yahoo.com/quote/AUXO/?p=AUXO
Yes as is the case with most small caps as I'm finding out. I do like the volume that this is attracting today.
Let them crunch through a few more quarters and I bet it matures positively. Day to day will be ups and downs. GL
And today the breakout with another $7 target. Hope it holds. GL
So far over half the buys today have been fairly large blocks. Could get interesting. GL
The impairment charge was somewhat disturbing. 2.6 MIL down the toilet and they kept hedging themselves on new business. The pps earnings not on track when factoring the reverse split. I'm certainly not a bear, just realist. Yesterday buys were hoping for a race horse out of the gate IMO and it didn't get delivered. GL
Stock rises 10% before an earnings report. A positive report comes out and the stock loses 8%. Don't understand why that happened like that but I got in at 4.70 lol
Looks like a few shares are bailing after hours based on the news. Let them bail. This is a solid buy IMO. GL
Yes, and seems to be breaking out to the green. Looking forward to the news. GL
Auxo Will Host CC on Monday, March 27, 2017 to Discuss Fourth Quarter and Full Year 2016 Financial Results
Reversal In Progress :) Monday Should Be exciting
I'm looking forward to Monday. The annual results (even if not all good) do not concern me as much as the insight and perspective on the future business. Seems like they are moving in the right direction to increase shareholder value. GL $AUXO
$$$ ~>> News <<~ $$$
NEWS 3/10/2017 $AUXO
Auxilio Wins $12.5 Million Print as a Service Contract with Prestigious University Medical Center
26 minutes ago - DJNF
Five-Year Agreement Includes Customized Program for Strategically Managing High-Volume Print Environment
MISSION VIEJO, Calif.--(BUSINESS WIRE)--March 10, 2017--
Auxilio, Inc. (NYSE MKT: AUXO), a leading provider of complete document workflow solutions and IT security services for the healthcare industry, today announced a five-year, approximately $12.5 million contract with a 1,000-bed prestigious teaching hospital located in the Central United States.
Under the terms of the contract, Auxilio will deliver a next-generation Managed Print Service (MPS) program, otherwise known as Print-as-a-Service (PRaaS), which provides a scalable and customizable service that enables healthcare providers to strategically manage their high-volume print environments by driving operational efficiencies and addressing security vulnerabilities. The service level agreement aims to improve operational efficiency through leveraging Auxilio's printer break/fix, toner, support, device refresh and consolidation services.
"Our goal is to drive out costs, saving up to 50% over five years for the university medical center. Our priority is streamlining the fragmented print environment and then introducing workflow solutions to transform document processes to digital workflows and implement a security strategy to protect PHI found on devices, the network and printed documents," said Sean Hughes, EVP of Operations.
"This contract is the latest evidence of the growing demand for our comprehensive, service-oriented programs that deliver deep insights into the document life cycle to reduce print, improve workflow efficiency and enhance security at healthcare organizations," said Joseph J. Flynn, CEO of Auxilio.
Auxilio's PRaaS offering provides hospitals the ability to choose the level of service needed. Its flexible PRaaS plans range from toner management and break/fix to an innovative solution that analyzes document workflow and security to optimize and manage the document processes. With the recent acquisition of CynergisTek, an industry leader in health information privacy, compliance and cybersecurity consulting, Auxilio can now offer its healthcare clients integrated document and device security solutions that reduce risk and deliver long-term value.
About Auxilio, Inc.
Auxilio (www.auxilioinc.com) provides complete document workflow solutions and IT security services to healthcare organizations across the United States. Auxilio has helped its clients save more than $80 million since 2004 by providing Print as a Service (PRaaS) vendor neutral solutions which lower costs, improve operational efficiency and enhance security. Auxilio's intelligent workflow automation suite delivers a customer driven approach transforming printed documents to digital workflows, reducing waste and driving additional savings opportunities. Auxilio serves a national portfolio of nearly 220 hospital campuses and manages over 1.5 billion documents annually from over 90,000 devices supporting over 280,000 caregivers.
CynergisTek (www.CynergisTek.com) is a top-ranked cybersecurity and privacy consulting firm. The company offers solutions to help organizations measure privacy and security programs against regulatory requirements and assists in developing risk management best practices. Since 2004 the company has served as a partner to hundreds in the healthcare industry and is dedicated to supporting and educating the industry by contributing to relevant industry associations. The company has been named in numerous research reports as one of the top firms that provider organizations turn to for privacy and security, and won the 2017 Best in KLAS award for Cyber Security Advisory Services.
For more information about Auxilio, visit http://www.auxilioinc.com.
Forward Looking Statements
This press release contains "forward-looking statements" as that term is defined in the Private Securities Litigation Reform Act of 1995, regarding the enhancement of shareholder value the Company's strategy relating to uplisting to a national exchange, and the Company's future ability to increase liquidity and attract institutional investors. Such forward-looking statements are based on current expectations and involve inherent risks and uncertainties, including factors that could delay, divert or change any of them, and could cause actual outcomes and results to differ materially from current expectations. No forward-looking statement can be guaranteed. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Readers are urged to read the risk factors set forth in the Company's most recent annual report on Form 10-K, subsequent quarterly reports filed on Form 10-Q, and other filings made with the SEC. Copies of these reports are available from the SEC's website at www.sec.gov or without charge from the Company.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170310005556/en/
CONTACT: Media Contact:
Aria Marketing
Danielle Johns
Account Executive
617-332-9999 x 241
djohns@ariamarketing.com
or
Investor Relations Contact:
MZ North America
Mike Cole
949-259-4988
Mike.cole@mzgroup.us
SOURCE: Auxilio, Inc.
Copyright Business Wire 2017
(END) Dow Jones Newswires
March 10, 2017 12:17 ET (17:17 GMT)
$AUXO price target over $7. GL
Wonder what tomorrow will bring on NYSE .. could be a winner. GL
AUXO one for 3 reverse split:
http://otce.finra.org/DLSymbolNameChanges
Share repurchase program announced today sounds good.
http://ih.advfn.com/p.php?pid=nmona&article=71356990
$AUXO Auxilio, Inc. Announces Chairman of the Board Retirement
Source: InvestorsHub NewsWire
Auxilio, Inc.
MISSION VIEJO, CA--(NewMediaWire- Apr 6, 2016) - Auxilio, Inc. (OTCQB: AUXO), the company that is progressively changing the way healthcare thinks about Managed Print Services and Cyber Security, today announced that John Pace, Director and Chairman of the Board, will retire from his duties effective May 19, 2016.
"On behalf of the Board and the Auxilio family, we wish John our heartfelt gratitude and appreciation for his dedication to the Board and leadership team since the inception of the company. John's expertise and leadership has been an integral component to our success and growth in the healthcare industry as a leader in managed print services," stated Joseph F. Flynn, President and CEO.
"I have enjoyed my relationship with Auxilio since 2004 and as the Chairman since 2006. I am very proud of our team's accomplishments in growing our business in an outstanding manner. I also appreciate the confidence our clients have placed in Auxilio. I wish the Auxilio leadership continued success as the company continues to evolve in an ever-changing healthcare industry," said John Pace.
The Board has not yet appointed a new Chairman but plans to consider candidates at the next Board meeting later this month.
About Auxilio, Inc.
Since 2004, Auxilio has led the Managed Print Services industry by offering an innovative and customer-driven approach for healthcare organizations. Auxilio takes full responsibility for healthcare customers' on-site print environment through situation assessment, process analysis, strategy development and program implementation. Hospitals and health systems benefit from streamlined and aligned processes and infrastructure that result in print management programs that reduce cost, increase employee productivity, and meet and exceed patient care standards.
Auxilio serves a national portfolio of nearly 220 hospital campuses and manages over 1.5 billion documents annually from over 90,000 devices, supporting over 280,000 caregivers. Auxilio's Managed Print Services' business model is vendor neutral, provides a dedicated resident team and is exclusive to the healthcare industry.
Through its Cyber Security Professional Services Group, Redspin (a subsidiary of Auxilio) provides an end-to-end security offering that specifically addresses hospital security challenges or when a breach has occurred. Redspin's fully comprehensive portfolio of services and technology includes penetration testing, HIPAA security risk assessments, security program strategy, and a SaaS technology solution, Redspin™ Risk Manager to more than 140 hospitals. This complete service offering of Redspin is unique to the marketplace and helps ensure enterprise-wide security and improved patient experiences through its ability to mitigate risk and improve efficiency across the hospital or health system.
For more information about Auxilio, visit http://www.auxilioinc.com.
Forward Looking Statements
This release contains certain forward-looking statements relating to the business of Auxilio, Inc. that can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "may" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/services development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices, expectations relating to momentum of the business, expectations of increased demand for Auxilio's services, growth of Auxilio's vertical framework, anticipated results from cross-selling efforts, growing demand for Auxilio's MPS programs, and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. Auxilio, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT INFORMATION
Contact:
Investor Relations:
MZ North America
Mike Cole
949-259-4988
Vice President
mike.cole@mzgroup.us
www.mzgroup.us
or
Media Relations:
Auxilio, Inc.
Carrie Mulcahy
949-310-2548
Director of Corporate Marketing
carrie.mulcahy@auxilioinc.com
www.auxilioinc.com
Wow beautiful earnings!!!Just goes to show that some great Companies like AUXO have total shiit stocks! This is really a shame. They could have been trading on NASDAQ in and around $6.00 by now and could have raised 8 figures in PP's.
Its ok though as management should either sell the Company or just take it private. Bunch of Wall Street whiz people behind the scenes here. LOL
It's probably the net profit of only 1 million too lol
$AUXO Auxilio Inc. Reports Full Year 2015 Financial Results
Source: InvestorsHub NewsWire
SOURCE: Auxilio Inc.
MISSION VIEJO, CA--(NewMediaWire - Mar 30, 2016) - Auxilio, Inc. (OTCQB: AUXO), a leading provider of Managed Print Services (MPS) and Cyber Security Services for the healthcare industry, today reported financial results for the year ended December 31, 2015.
2015 Highlights:
During 2015, the Company signed MPS contracts with Top US Health Systems totaling approximately $80 million estimated to be generated over the next five years
Fiscal 2015 revenue increased 39% to $61.3 million
Fiscal 2015 net income of $1.3 million with earnings per share of $0.05, basic and diluted
Generated $2.4 million of cash flows from operations during 2015
Attained national presence with significant footprint in the Midwest, with implementations represented by 872 locations across the US
Acquired Redspin, an IT security risk assessment company with 135 hospital clients
Management Commentary
"We concluded 2015 with a strong financial performance driven by our team's exceptional operational execution with our new MPS contracts during 2015 now totaling more than $80 million in five-year recurring service revenue," said Joseph J. Flynn, President and CEO of Auxilio. "With a significant presence in the Midwest, our contracts now cover a majority of the United States positioning us with a national presence to carry us into 2016 and beyond. The fact that we were able to implement such a large number of locations last year, and to do so efficiently for our clients, has translated into invitations to bid on MPS work at new and even larger health systems," continued Flynn.
"We have utilized our position as a valued provider to healthcare systems to further advance our risk and information security offerings, and have also expanded our sales staff in order to pursue middle market opportunities, which will enable us to bundle MPS and security services. We are nearing completion of the integration process of the security businesses we acquired in early 2014 and 2015. We believe this area of our business can grow significantly due to the HIPAA compliance requirement to maintain, safe keep, transfer and secure all aspects of data, and this belief is further bolstered by a seemingly endless supply of high profile breaches and resulting large fines," said Mr. Flynn.
Financial Results for the Full Year ended December 31, 2015
For the twelve months ended December 31, 2015, the Company reported revenues of $61.3 million, an increase of 39% when compared to $44.0 million in 2014. Of this increase, approximately $8.2 million is a result of the addition of new recurring service revenue contracts in 2015. Auxilio added approximately $4.4 million in consulting revenues and software subscriptions from its newly acquired security companies. Equipment sales were $7.8 million in 2015, compared to $3.6 million in 2014, a 116% increase, with fluctuations occurring periodically due to customer equipment fleet refresh cycles that occur, on average, every five years.
Gross profit for fiscal 2015 was $10.6 million, or 17.3% of sales, compared to $8.2 million, or 18.7% of sales, for fiscal 2014. Operating expenses for fiscal 2015 were $9.6 million, compared to $6.6 million in the prior year period. Income from operations was $1.0 million for fiscal 2015, compared to income from operations of $1.7 million in fiscal 2014.
Net income for fiscal 2015 was $1.3 million, or $0.05 per share basic and diluted, compared to $1.3 million or $0.06 per share basic and diluted, in the same period in 2014.
After excluding charges of $0.4 million related to stock-based compensation and $0.5 million for amortization of intangibles, non-GAAP measure of adjusted income from operations for the twelve months ended December 31, 2015 was $1.8 million compared to $2.1 million after excluding charges of $0.3 million related to stock-based compensation and $0.1 million in amortization of intangibles in the same period of 2014.
At December 31, 2015, the Company had $6.4 million of cash and cash equivalents. Cash provided by operating activities for the twelve months ended December 31, 2015 was $2.4 million compared to $1.5 million during the same period in 2014. The Company maintains a $2.0 million accounts receivable line of credit with a commercial bank.
2016 Outlook and Events
"Momentum in our MPS business has been robust and our pipeline for new contracts is still very active. The rapid pace of implementations early last year, in addition to the recently acquired security businesses, drove revenue gains in 2015 approaching 40%. While we still expect healthy double digit revenue growth this year, top line gains will not be on pace with what we achieved in 2015. Our business will always be prone to short term spikes and periods of transition as the client life cycle runs its course. While we expect the top line growth to moderate short term in 2016, we maintain a large pipeline that remains at historic highs," said Mr. Flynn.
"As is normal in the evolution of a company, we have made the decision to reorganize our Board makeup in order to attract individuals with skill sets required at this stage of our growth and to help us deal with the opportunities and challenges we are now faced with. We are blessed to have had key individuals with healthcare services backgrounds like Bill Leonard and Brian Mulvaney and appreciated their service. As we look forward, we agreed as a Board to seek out individuals such as J.D. Abouchar who have a deep understanding of our investment space of the rapidly changing Healthcare IT industry," said Mr. Flynn.
Conference Call Information
CEO Joe Flynn and CFO Paul Anthony will host a conference call with investors to discuss its full-year 2015 earnings results.
Date: Thursday, March 31, 2016
Time: 9:00 am PT, 12 pm ET
US: 1-888-539-3696
International: 1-719-325-2329
Conference ID: 2241813
Webcast: http://public.viavid.com/index.php?id=118760
A replay of the call will be available from 3:00pm ET on March 31, 2016 to 11:59 pm ET on April 15, 2016. To access the replay, please dial 1-877-870-5176 from the U.S. and 1-858-384-5517 from outside the U.S. The PIN is 2241813.
About Auxilio, Inc.
Since 2004, Auxilio has led the Managed Print Services industry by offering an innovative and customer driven approach for healthcare organizations. Auxilio takes full responsibility for healthcare customers' on-site print environment through situation assessment, process analysis, strategy development and program implementation. Hospitals and health systems benefit from streamlined and aligned processes and infrastructure that result in print management programs that reduce cost, increase employee productivity, and meet and exceed patient care standards.
Auxilio serves a national portfolio of nearly 220 hospital campuses and manages over 1.5 billion documents annually from over 90,000 devices, supporting over 280,000 caregivers. Auxilio's Managed Print Services' business model is vendor neutral, provides a dedicated resident team and is exclusive to the healthcare industry.
Through its Cyber Security Professional Services Group, Redspin (a subsidiary of Auxilio) provides an end-to-end security offering that specifically addresses hospital security challenges or when a breach has occurred. Redspin's fully comprehensive portfolio of services and technology includes penetration testing, HIPAA security risk assessments, security program strategy, and a SaaS technology solution, Redspin™ Risk Manager to more than 140 hospitals. This complete service offering of Redspin is unique to the marketplace and helps ensure enterprise-wide security and improved patient experiences through its ability to mitigate risk and improve efficiency across the hospital or health system.
For more information about Auxilio, visit http://www.auxilioinc.com.
Forward Looking Statements
This release contains certain forward-looking statements relating to the business of Auxilio, Inc. that can be identified by the use of forward-looking terminology such as "believes," "expects," "anticipates," "may" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/services development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices, expectations relating to momentum of the business, expectations of increased demand for Auxilio's services, growth of Auxilio's vertical framework, anticipated results from cross-selling efforts, growing demand for Auxilio's MPS programs, and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. Auxilio, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
AUXILIO, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of December 31,
2015 2014
ASSETS
Current assets:
Cash and cash equivalents $ 6,436,732 $ 4,743,395
Accounts receivable, net 7,397,957 6,808,183
Prepaid and other current assets 625,806 214,105
Supplies 1,458,609 1,066,132
Total current assets 15,919,104 12,831,815
Property and equipment, net 495,324 215,747
Deposits 58,118 34,413
Intangible assets, net 2,731,250 1,265,000
Goodwill 3,665,656 2,473,656
Total assets $ 22,869,452 $ 16,820,631
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 8,306,860 $ 7,417,361
Accrued compensation and benefits 2,856,165 1,447,132
Line of credit - 200,000
Deferred revenue 913,677 921,771
Current portion of long-term liabilities 598,750 55,546
Total current liabilities 12,675,452 10,041,810
Long-term liabilities:
Term loan, less current portion 1,250,000 -
Notes payable to related parties, net of discount of $30,189 at December 31, 2014 - 333,534
Capital lease obligations, less current portion 125,496 49,822
Total long-term liabilities 1,375,496 383,356
Commitments and contingencies
Stockholders' equity:
Common stock, par value at $0.001, 33,333,333 shares authorized, 24,452,085 shares issued and outstanding at December 31, 2015 and 23,623,619 shares issued and outstanding at December 31, 2014 24,453 23,625
Additional paid-in capital 27,682,061 26,576,506
Accumulated deficit (18,888,010 ) (20,204,666 )
Total stockholders' equity 8,818,504 6,395,465
Total liabilities and stockholders' equity $ 22,869,452 $ 16,820,631
AUXILIO, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
Year Ended December 31,
2015 2014
Net revenues $ 61,253,853 $ 44,032,076
Cost of revenues 50,664,713 35,799,726
Gross profit 10,589,140 8,232,350
Operating expenses:
Sales and marketing 2,809,377 2,125,085
General and administrative expenses 6,802,582 4,432,374
Total operating expenses 9,611,959 6,557,459
Income from operations 977,181 1,674,891
Other income (expense):
Interest expense (127,576 ) (259,112 )
Reduction in contingent consideration in connection with acquisition of Redspin 623,000 -
Loss on disposition of property and equipment (3,513 ) -
Total other income (expense) 491,911 (259,112 )
Income before provision for income taxes 1,469,092 1,415,779
Income tax expense 152,436 78,860
Net income $ 1,316,656 $ 1,336,919
Net income per share:
Basic $ 0.05 $ 0.06
Diluted $ 0.05 $ 0.06
Number of weighted average shares outstanding:
Basic 24,150,572 22,062,789
Diluted 24,978,936 23,437,628
CONTACT INFORMATION
Contact:
Investor Relations:
MZ North America
Mike Cole
949-259-4988
Vice President
mike.cole@mzgroup.us
www.mzgroup.us
or
Media Relations:
Auxilio Inc.
Carrie Mulcahy
949-310-2548
Director of Corporate Marketing
carrie.mulcahy@auxilioinc.com
www.auxilioinc.com
Auxilio Inc. Announces Shifts in Membership to Board of Directors
MISSION VIEJO, CA -- (Marketwired) -- 05/27/15 -- Auxilio, Inc. (OTCQB: AUXO), a leading provider of Managed Print Services (MPS) and IT Security for the healthcare industry, announces the appointment of two new members to its Board of Directors (Board) and retirement of two long-standing board members.
Max Poll, serving since 2005 and Michael Joyce, serving since 2007 have retired from Auxilio's Board of Directors. "I appreciate the contributions both of these gentlemen gave to Auxilio over the years. Max offered great insight as we enhanced our approach to the healthcare market and Michael brought a unique perspective from his experience as a business owner who successfully built value into his company," said John Pace, Chairman of the Board.
Joining the Board of Directors are Brooks Corbin and Brian Mulvaney. "I am very delighted that Brooks and Brian will be joining our Board. They bring a wealth of experience that will be beneficial to Auxilio as we move forward and continue to grow and expand offerings," said Pace.
Brooks Corbin is Chief Financial Officer at Dynamic Healthcare Systems in Irvine, California and has experience in strategic planning, financial planning, operations, equity and debt structuring, SEC and NASDAQ filings, IPO and M&A skills.
Brian Mulvaney is a retired Executive Vice President and Corporate Officer of ARAMARK Corporation, where he assisted in transforming the company from a high growth, employee owned private company to a public company on the New York Stock Exchange. Mr. Mulvaney currently serves as an advisor to several private equity firms.
"It is always exciting to welcome the fresh perspective of new members to the Board and I want to thank our outgoing members for their years of dedicated service in helping Auxilio prosper to new heights," said Joseph F. Flynn, President and CEO of Auxilio.
About Auxilio, Inc.
Since 2004, Auxilio has led the Managed Print Services industry by offering an innovative and customer driven approach for healthcare organizations. Auxilio takes full responsibility for healthcare customers' on-site print environment through situation assessment, process analysis, strategy development and program implementation. Hospitals and health systems benefit from streamlined and aligned processes and infrastructure that result in print management programs that reduce cost, increase employee productivity and meet and exceed patient care standards.
Auxilio serves a national portfolio of over 220 hospital campuses and manages over 1.5 billion documents annually from over 90,000 devices supporting over 280,000 caregivers. Auxilio's Managed Print Services' business model is vendor neutral, provides full-time, on-site customer service and technical experts and is exclusive to the healthcare industry.
Through its Security Solutions Group, Auxilio and Redspin provide an end-to-end security offering that specifically addresses hospital security challenges or when a breach has occurred. The fully comprehensive portfolio of services and technology include HIPAA security risk assessments, penetration testing, security program development, incident response and forensics, vulnerability management and remediation, and a SaaS technology solution, Delphiis ™ IT Risk Manager to more than 135 hospitals. This complete service offering is unique to the marketplace to ensure enterprise-wide security and improve patient experience through its ability to mitigate risk and improve efficiency across the hospital or health system.
For more information about Auxilio, visit http://www.auxilioinc.com
Forward Looking Statements
This release contains certain forward-looking statements relating to the business of Auxilio, Inc. that can be identified by the use of forward-looking terminology such as ``believes,'' ``expects,'' "anticipates," "may" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product/services development, long and uncertain sales cycles, the ability to obtain or maintain patent or other proprietary intellectual property protection, market acceptance, future capital requirements, competition from other providers, the ability of our vendors to continue supplying the company with equipment, parts, supplies and services at comparable terms and prices and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our Form 10-K and Form 10-Q filings with the Securities and Exchange Commission, which are available at http://www.sec.gov. Auxilio, Inc. is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
CONTACT: MZ North America
Matthew Hayden
949-259-4986
Matt.hayden@mzgroup.us
www.mzgroup.us
Media Relations:
Auxilio Inc.
Carrie Mulcahy
Director of Corporate Marketing
Direct: (949) 310-2548
carrie.mulcahy@auxilioinc.com
http://www.auxilioinc.com/
Source: Auxilio
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Don't know how I snagged the 5K shares today at $1.03. Bout the first time I can recall getting lucky with the MMs working like they do.
Actually bought the shares because of reading a breach at Premera last night and entered the order then. Didn't even read the new announce today til just now. Hopefully that recent acquisition becomes a growth vehicle for them given data breaches from different angles/methods and how sensitive healhcare info can potentially be.
http://www.king5.com/story/money/consumer/2015/03/17/premera-cyber-attack/24911465/
MZ is one of the worlds worst IR Co's as they do absolutely NOTHING but answer phone calls. They are the ones that are supposed to bring in new interest into their clients stocks and give advise to the Companies they represent. This stock should be $4.00 and trading on NASDAQ NOW!For Gods sake there are only 20 mil shares outstanding.
Its quite obvious the Management of AUXO has absolutely zero viability when it comes to being a public entity.
Enough said.
From IR........
"Reverse split is something the company has considered – in order to give them the stock price needed to uplist to an exchange. There is no rush to do this and it would happen if/when the time is right. Another consideration is that they could achieve the necessary stock price and market cap organically through growth of their business."
Yea it traded down because there going to R/S the stock. What a waste of a good Company.These guys are nothing but saps!
Agreed.
I haven't listened to the CC yet.
Any idea why the stock trade down today - profit taking?
These idiots are going to have a shareholders meeting in May and vote to R/S the stock. What A-Holes! All they need to do is hire an aggressive IR firm and put out PR's for them to market to the investment community and with sustained daily buying put in an application to list on the NASDAQ.For Christ sake they only need a $3.00 bid to list. Who the F is advising these guys the 3 stooges? Too bad the Company has some real nice unique products a very low public float and outstanding share structure. And yet they have no clue how to run a public Company. Just wait for the shorts to find out about the R/S you can say goodbye to mid $1.50's
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9877791
Very nice,thanks for posting. Yup it did bring some investors eyes to the table that's a fact.This is a fantastic Company and IMHO should already be trading on NASDAQ with a $5.00 share price but hey maybe later this year which is fine by me.
Hope the Company continues to stay PR aggressive
Today's investor update was really good.
The projection made points to 1.1 million operating income the 4th quarter.
I think this continues northwards.
presentation here
http://public.viavid.com/player/index.php?id=108099
cc transcript here
http://seekingalpha.com/article/2070473-auxilios-ceo-hosts-investor-webcast-conference-call-transcript
LMAO = YOU REALLY MADE ME LAUGH OUT LOUD!
Hey there buddy,thanks for posting the news,5 year contract. I wonder why the left out what its worth?
AUXILIO Signs Five-Year Managed Print Services Contract with University of California at San Diego (UCSD) Health System
Auxilio, Inc. (QB) (USOTC:AUXO)
Intraday Stock Chart
Today : Monday 13 January 2014
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AUXILIO, Inc. (OTCBB: AUXO), the nation’s leading Managed Print Services (MPS) company for health care, announced today that it was awarded a five-year service agreement by UCSD Health System, operators of the prestigious UC San Diego Medical Center, UC San Diego Thornton Hospital and the UC San Diego Sulpizio Cardiovascular Center. With over 850 physicians and 565-bed capacity, the UCSD Health System is the region’s only academic health system for over three million people in San Diego County. UCSD is also part of the prestigious University of California academic system which includes 10 major universities and five teaching hospitals.
“We are very excited to start 2014 by earning the confidence and recognition of this world-class institution,” said Joseph J. Flynn, president and chief executive officer of AUXILIO. “We have a proven track record of providing the highest standards of excellence for our customers while implementing cost saving managed print services and look forward to helping UCSD Health System manage patient care now and well into the future.”
UCSD Health System awarded their multi-year managed print services contract to AUXILIO following a comprehensive RFP process. Officials cited AUXILIO’s depth of health care industry experience, guaranteed cost savings and exceptional customer service combined with an all-inclusive assessment process proved AUXILIO to be the superior choice. As the managed print services programs are implemented, all stakeholders look forward to the cost savings while maintaining and improving patient care.
About AUXILIO, Inc.
AUXILIO is the leading provider of Managed Print Services for Healthcare. A true Management Services company, our focus is to provide turnkey managed print services to our Healthcare clients through situational analysis, strategy development and implementation. We help health systems streamline and align processes and infrastructure to create manageable, dependable print management programs that reduce cost, increase employee productivity and meet and exceed our customers’ patient care standards.
Founded in 2004, AUXILIO serves a national portfolio over 100 health care facilities and manages over 1.6 billion documents annually from over 50,000 devices supporting over 250,000 caregivers. Our business model is vendor neutral (we do not sell hardware or software products) and provides full-time, on-site customer service and technical experts at all locations. Our expanding client list includes Catholic Health East (PA), Bon Secours Health System (MD), The Johns Hopkins Health System (MD), Sharp Healthcare (CA), Memorial Care Health System (CA) Sutter Health (CA), St. Joseph Health System (CA), Barnabas Health (NJ), California Pacific Medical Center (CA) and St. Alphonsus Regional Medical Center (ID).
For more information about AUXILIO, visit www.auxilioinc.com.
This one is a beauty and just a matter of time before AUXO gets discovered by Wall St and Investors. Company is doing very well. Looking for a major boost in share price in 2014 imo
Are you still holding?
Page 21 of the proxy give the company's bonus based EBITDA targets
http://www.sec.gov/Archives/edgar/data/1011432/000144586613000423/auxposam04122013.htm
EBITDA target for FY 2013 of $2 million.
EBITDA target for FY 2014 of $6.3 million.
EBITDA target for FY 2015 of $9.2 million.
They have an experienced board. This is a seriously professional company.
I have a large position in AUXo.
I think it has the potential to be a 3 -5 bagger over the next two years.
It is a well managed company that is growing rapidly and has a host of competitive advantage.
Last quarter was slightly cash flow positive. If positive earnings are posted on the income statement over the next few quarters - and they should because costs to contracts are front-loaded and more profitable as they mature - expect this stock to rise.
Vista Partners newsletter.
Auxilio inc. (AUXO)
Current Price: $0.94
Target Price: $3.35
Auxilio, Inc. (the “Company” or “AUXO”) saw its share price increase by 25% in 2012 and liquidity has improved by nearly 400% since we initiated coverage in July 2012. AUXO engages in the provision of outsourced print management services to the healthcare industry, working exclusively with hospitals in the United States. AUXILIO manages over 1.5 billion documents annually and maintains more than 45,000 devices from multiple manufacturers while serving over 250,000 caregivers from coast to coast. AUXILIO’s unique MPS program is guaranteed to save hospitals between 10% and 30% in print-related costs while taking on all expenses related to the production of a document, including services, supplies, equipment, finance charges and labor. As the only vendor neutral, health care exclusive MPS company in the country, AUXILIO is at the forefront of providing hospitals with specialized knowledge of hospital print environments that ensures cost reduction, assistance with e-records execution and on-site planning as a strategy partner to reduce volume substantially.
On February 12, 2013, Auxilio announced that New-Jersey-based Palisades Medical Center (PMC) has extended its contract until 2015. PMC is the largest employer in its service area with more than 1,300 employees. The original contract between AUXILIO and PMC was signed in 2010. The three-year extension is representative of the proven value and results that AUXILIO’s MPS program has delivered to substantially reduce the hospital’s print-related expense, optimize its document production processes and provide excellent customer service to caregivers.
The Company announced in January a five-year $4.5M MPS contract with Citrus Valley Health Partners. Located in Covina, California, Citrus Valley Health Partners has approximately 3,000 employees and nearly 1,000 physicians located in three hospital campuses. All encompassing, Citrus Valley Health Partners serves over one million people in the San Gabriel Valley in Southern California.
On November 13th, Auxilio announced a new five-year contract with LRGHealthcare in New Hampshire to implement its Managed Print Services program in the care organization’s Lake’s Region General Hospital and Franklin Regional Hospital. LRGHealthcare is the second hospital group affiliated with the Granite Healthcare Network (GHN), a partnership of five independent New Hampshire charitable organizations, to contract with AUXILIO. Last May, Wentworth-Douglass Hospital (WDH), one of the largest acute care and multi-specialty hospitals in the Seacoast region of New Hampshire and Southern Maine, contracted with AUXILIO as its preferred MPS solutions company. AUXILIO’s print services model will achieve cost cuts upwards of 20% in the care organizations’ print environment through volume reduction initiatives, device and supply chain management and improvements in document workflow processes.
It is worth noting that AUXO announced in December that they enjoyed a record-setting year for 2012 and maintained its guidance of revenue growth in excess of 50% in 2012. The company earned the largest number of new contract wins in company history in 2012 and has doubled the size of its national portfolio to over 80 hospitals. Since January 2012 it has simultaneously completed the integration of its MPS program in over 33 hospitals and hospitals systems, the largest number of implementations in a single year. Based on all contracts closed since December 2011, the company expects to reach cash flow positive from operations during 2013. Between December 2011 and June 2012, AUXILIO signed contracts worth an estimated $90 million in new service revenue over the life of the contracts that are all five years. The contracts represent 45 hospitals including some of the nation’s most prestigious health care provider organizations and health care systems. Also, according to AUXO, all existing contracts with AUXILIO’s customer base, including these recent wins, will deliver savings to hospital customers in excess of $70 million in print-related expenses over the next five years.
It is worth noting that William Leonard purchased shares in December 2012 and now owns 6.2% of the shares outstanding. Mr. Leonard was the former CEO of Aramark, a leader in professional services, providing award-winning food services, facilities management, and uniform and career apparel to health care institutions, universities and school districts, stadiums and arenas, and businesses around the world. Also, Insider and Director Michael J. Joyce purchased AUXILIO shares in November 2012.
For additional information on Auxilio, Inc. please download our FREE update of coverage report dated December 5, 2012; the report is available on our website: www.vistapglobal.com.
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