Operating income for the three-month period ended June 30, 2004 was $4,000, a notable improvement compared to the operating loss of $68,000 for the same period in 2003. Net loss for the three-month period ended June 30, 2004 was $914,000, which is attributed to a "bad debt" loss of $900,000. This non-cash loss is the result of the write-off of accounts receivable related to the Company's acquisition of three clinics in August 2000, and it does not impact the current year or future years' operating income of AMHI's company- owned clinics.
Chairman and CEO, Dr. J. W. Stucki stated, "Overall we are quite pleased with our financial results for the second and third quarters of fiscal 2004. Based on patient billings to date for the current quarter, which ends September 30, 2004, we anticipate another increase in patient billings in the range of 15-20% compared to the same quarter in 2003. In addition, we are intent on decreasing our marketing expenses this quarter -- the primary variable expense that is associated with the significant increase we've experienced in patient billings."
American HealthChoice is a medical services company comprised of a parent company and twenty-five owned and affiliated medical clinics in Texas and Louisiana. For more information, please visit our newly revised corporate website located at: http://www.americanhealthchoice.com .
Safe Harbor Statement: The statements in this release that relate to future plans, expectations, events, performance, and the like are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Actual results or events could differ materially from those described in the forward-looking statements due to a variety of factors, including those set forth in the company's report on Form 10-KSB for fiscal year 2003 filed with the Securities and Exchange Commission.
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You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"
Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"
DaDog
quote:
Originally posted by dardadog:
I got back in here this morning. Played well when I yelled earlier this month. I think she will play again.
chart looks good dardadog do you think it can break the .055 resistance. I THINK IT CAN heathcare no better way to do it.
wave
Flower Mound's American HealthChoice Inc. has reported a notable improvement in its operating income, posting $4,000 for the second quarter of 2004, compared to an operating loss of $68,000 for the same quarter of 2003.
Net loss for the three-month period was $914,000, which the company says is attributed to a "bad debt" loss of $900,000 that resulted from the write-off of accounts receivable related to AMHI's buy of three clinics in August 2000. The write-off does not impact the current or future years' operating income of AMHI's company-owned clinics, the company said.
Based on patient billings for the current quarter, which ends Sept. 30, AMHI anticipates another increase in patient billings in the range of 15 percent to 20 percent compared to the same quarter of 2003, said J.W. Stucki, AMHI's chairman and chief executive.
"In addition, we are intent on decreasing our marketing expenses this quarter -- the primary variable expense that is associated with the significant increase we've experienced in patient billings," Stucki said.
American HealthChoice is a medical services company comprised of a parent company and twenty-five company-owned and affiliated medical clinics in Texas and Louisiana.
Web Site: www.americanhealthchoice.com
© 2004 American City Business Journals Inc.
http://dallas.bizjournals.com/dallas/stories/2004/08/23/daily29.html
today's trades
Going up since SEPT/OCT is here and next
financial report should be much better.
bingo
200,000 HOLDING SINCE .0195/.02
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You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"
Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"
DaDog
------------------
You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"
Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"
DaDog
------------------
You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"
Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"
DaDog