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Tuesday, December 28, 2010 2:36:15 PM
KAD great buy here .29 avg entry
Recent dilution at .32 , wont need any further cash towards going cash flow positive !
"we believe we have adequate cash resources to support the business until we achieve our plan to become cash flow positive"
Earnings report:
http://finance.yahoo.com/news/Arcadia-Resources-Announces-prnews-1191262143.html?x=0&.v=1
Arcadia Resources Announces Improved Fiscal 2011 Second Quarter Results
Net Loss per Share Narrows to $0.02 in Fiscal 2011 from $0.03 in Fiscal 2010
-- Extends DailyMed agreement with WellPoint and obtains new contract with Touchstone Health
-- Completes $5 million equity financing and extends existing credit facility with Comerica
-- DailyMed revenues increase 44.1% over prior year and include recognition of first ever non-drug dispensing revenue under WellPoint agreement
-- Services segment operating contribution improves 30.0% over first quarter of fiscal 2011; highest level since second quarter fiscal 2010
-- Consolidated net loss reduced by 31.0% from prior year quarter to $2.9 million
With our existing cash availability, the additional cash raised through our equity financing, the extension of our Comerica facility, on-going operating contribution improvements, particularly in our Pharmacy segment, and additional cash proceeds from prior asset sales, we believe we have adequate cash resources to support the business until we achieve our plan to become cash flow positive," said Matt Middendorf, Chief Financial Officer
Recent dilution at .32 , wont need any further cash towards going cash flow positive !
"we believe we have adequate cash resources to support the business until we achieve our plan to become cash flow positive"
Earnings report:
http://finance.yahoo.com/news/Arcadia-Resources-Announces-prnews-1191262143.html?x=0&.v=1
Arcadia Resources Announces Improved Fiscal 2011 Second Quarter Results
Net Loss per Share Narrows to $0.02 in Fiscal 2011 from $0.03 in Fiscal 2010
-- Extends DailyMed agreement with WellPoint and obtains new contract with Touchstone Health
-- Completes $5 million equity financing and extends existing credit facility with Comerica
-- DailyMed revenues increase 44.1% over prior year and include recognition of first ever non-drug dispensing revenue under WellPoint agreement
-- Services segment operating contribution improves 30.0% over first quarter of fiscal 2011; highest level since second quarter fiscal 2010
-- Consolidated net loss reduced by 31.0% from prior year quarter to $2.9 million
With our existing cash availability, the additional cash raised through our equity financing, the extension of our Comerica facility, on-going operating contribution improvements, particularly in our Pharmacy segment, and additional cash proceeds from prior asset sales, we believe we have adequate cash resources to support the business until we achieve our plan to become cash flow positive," said Matt Middendorf, Chief Financial Officer
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