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Critical Homecare Solutions Holdings, Inc. Reports Full Year 2007 and First Quarter 2008 Results
Date:6/23/2008

From

September

1, 2006

(Date of

Quarter Quarter Inception)

Ended Ended Year Ended to

March 31, March 31, December December

2008 2007 31, 2007 31, 2006

Cash flows from operating

activities:

Net income 1,905 231 1,612 286

Adjustments to reconcile net

income to net cash provided

by (used in) operating

activities:

Provision for doubtful

accounts 1,302 1,059 4,567 601

Depreciation and amortization 775 648 3,406 475

Write-off of stock issuance

costs 61 - 4,379 -

Write-off and amortization of

deferred financing fees 191 966 1,511 -

Provision for deferred taxes - - (179) 178

Compensation expense related

to issuance of stock options 307 226 1,064 -

Change in operating assets and

liabilities, net of effects

of acquisitions:

Accounts receivable (1,910) (2,760) (15,391) (1,645)

Inventories 102 423 552 (349)

Prepaids and other current

assets 585 (1,597) (1,415) 145

Other assets (153) (232) (5,718) -

Accounts payable and accrued


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SOURCE Critical Homecare Solutions Holdings, Inc.
Copyright©2008 PR Newswire.
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