Home > Boards > US OTC > Medical - Healthcare > First Physicians Capital Group, Inc. (FPCG)

They collected $4.3M in back receivables this Q!!

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
cleverrox Member Profile
 
Followed By 66
Posts 2,962
Boards Moderated 2
Alias Born 12/31/04
160x600 placeholder
cleverrox   Monday, 05/12/14 11:02:12 AM
Re: None
Post # of 72 
They collected $4.3M in back receivables this Q!! Nice! This Q may not be repeatable at the $0.06 level because the earnings may be receivables valuations adjustments, but still a very good Q and a nice bump in cash on hand.

NET REVENUE
Net revenue from services was $6.9 million for the three month period ended March 31, 2014, compared to $6.1 million for the three month period ended March 31, 2013, representing an increase of $0.8 million, or 13.1%. A portion of the Company’s management fee revenue is based on successful collection of client accounts receivable. In March 2014, the Company successfully collected $4.3 million in accounts receivable related to fiscal years 2012 and 2013. The increase in net revenue for the quarter was primarily the result of these collections. Net revenue from services was $11.8 million for the six month period ended March 31, 2014, compared to $9.6 million for the six month period ended March 31, 2013, representing an increase of $2.2 million, or 22.9%. This increase was primarily attributable to the increase in accounts receivable collections for the period, and an increase in the scope and price of services provided by the Company under the contracts to provide healthcare management.

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences