PainCare Holdings Reports First Quarter 2006 Results Wednesday June 21, 1:26 pm ET Revenues Increase 64% to $23.3 Million for Q1 2006 Compared to Q1 2005 Company Records $11.9 Million in Net Income; and $3.1 Million in Non-GAAP Net Income Teleconference and Webcast Scheduled for this Afternoon at 4:15 PM Eastern
ORLANDO, Fla., June 21 /PRNewswire-FirstCall/ -- PainCare Holdings, Inc. (Amex: PRZ - News), one of the nation's leading providers of pain-focused medical and surgical solutions and services, today announced results for the three months ended March 31, 2006. ADVERTISEMENT
Financial Highlights for the Three Months Ended March 31, 2006 Compared to the Three Months Ended March 31, 2005 (Restated):
* Revenues climbed 64% to $23.3 million, up from $14.2 million.
* Organic revenue growth at those practices owned and/or managed by PainCare for at least one year grew 7.6%.
* On a GAAP basis, net income increased to $11.9 million, rising from a net loss of $27.8 million.
* GAAP earnings per fully diluted common share rose to $0.17 from a GAAP loss per fully diluted common share of $0.63.
Latest analyst rates as a strong buy and I can see why.
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