"Subsequent to the quarter end we were successful in signing up a new customer that we believe may help to at least partially offset a potential decrease in the overflow business from our third-party partner."
"We currently have planned certain capital expenditures during the remainder of fiscal 2014 to accommodate our growth."
"Based on recent statutory changes made by the Division of Workers’ Compensation, the Company has reinstated its lien representation services through Medex Legal Services during the fourth quarter of 2014. There are two reasons for the Company’s decision: 1) Lien activation fees have been declared unconstitutional by California courts, so the number of significant lien filings is again increasing; 2) and in November the Company was engaged by a public sector employer to handle its lien representation services."
"During the three-month period ended September 30, 2014 MBR fees generated from this customer were approximately $311,000, or 59% of MBR revenue."
To put in perspective, PFHO grew revenue by about $455,000 last quarter sequentially over the previous quarter.
PFHO is growing faster than that one customer's entire revenue source. The company continues to add services and customers while invest in capital expenditures to accommodate its growth -- not because it's shrinking. It doesn't sound like PFHO plans on shrinking any time soon.
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