ORLANDO, Fla., April 16 /PRNewswire-FirstCall/ -- PainCare Holdings, Inc. (Amex: PRZ), a provider of pain-focused medical and surgical solutions and services, today reported its financial results for the 2007 fiscal year, ended December 31, 2007.
PainCare anticipates filing the related Form 10K with the SEC within
the next several weeks. PainCare could not complete the Form 10-K within
the prescribed time because the Company effected numerous dispositions of
physician practices during the 2007 fiscal year resulting in the need for
additional time to complete the associated accounting and financial
reporting for both continued and discontinued operations. The 2007
financial results reflected below are not necessarily indicative of future
results, in that they include the financial results from these discontinued
operations. Although PainCare believes that the financial data included
within this press release is accurate, it may be subject to change upon the
filing of the actual Form 10K.
PAINCARE HOLDINGS, INC. CONSOLIDATED INCOME STATEMENTS
For the years ended December 31,
Net Revenues $46,393,224 $84,139,488
Cost of revenues 18,674,010 25,151,448
Gross profit 27,719,214 58,988,040
General and administrative expense 40,798,586 46,133,579
Depreciation and amortization 44,528,812 41,230,995
Operating income (loss) (57,608,184) (28,376,534)
|SOURCE PainCare Holdings, Inc.|
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