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Apollo Medical Holdings Announces Record Fiscal Year-End Results
Date:5/3/2013

720,346) APOLLO MEDICAL HOLDINGS, INC.CONSOLIDATED STATEMENTS OF OPERATIONSThree Months Ended January 31 ,Year Ended 
January  31,2013201220132012 

LOSS FROM OPERATIONS 

$ (525,083)

$ (268,754)

$(2,078,487)

$(413,335)Depreciation and amortization expense

6,133

2,775

20,918

12,589EBITDA(518,950)

(265,979)

(2,057,569)

(400,746)Issuance of shares for service

133,355

89,400

1,355,708

152,400Non-cash stock option expense

196,072

7,334

706,020

29,333ADJUSTED EBITDA$(189,523)

$(169,245)

$4,159

$(219,013) 

*Use of Non-GAAP Financial Measures
In addition to containing results that are determined in accordance with accounting principles generally accepted in the United States of America (GAAP), this press release also contains non-GAAP financial measures. Adjusted EBITDA, as used in this press release, represents Loss from Operations before depreciation, adjusted for issuance of shares for service, stock option expense, amortization of debt discount and impairment of intangibles and losses on discontinued operations. Adjusted EBITDA is a key indicator used by management to evaluate operating performance. While adjusted EBITDA is not intended to replace any presentation included in the consolidated financial statements under GAAP and should not be considered an alternative to operating performance or an alternative to cash flow as a measure of liquidity, the Company believes this measure is useful to investors in assessing the Company's ongoing operating performance and working capital requirements. This calculation may differ in method of calculation from similarly titled measures used by other companies. A reconciliation of adjusted EBITDA to the nearest comparable GAAP financial measure is included in the financial
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SOURCE Apollo Medical Holdings, Inc.
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