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Arcadia Resources Announces Improved Fiscal 2011 Second Quarter Results
Date:11/9/2010

o $4.9 million for the second quarter of fiscal 2011, compared to $3.4 million in revenues for the first quarter of fiscal 2010, an increase of 44.1%.  Pharmacy gross margin increased to 15.6% in the second quarter of fiscal 2011 from 15.1% in the second quarter of fiscal 2010 and 13.1% during the first quarter of fiscal 2011.  Total prescriptions filled during the quarter were 96,800, a 62% increase over the same period last year.  The Company's DailyMed™ Pharmacy had 5,100 active patients at the end of the second quarter, compared to 4,800 active patients at the end of the first quarter of fiscal 2011, an increase of 6%.  Second quarter revenue was impacted by the implementation of a new Pharmacy software system in July, which included a change from 30-day to 28-day fill cycles, a reduction in the average number of prescriptions filled per patient, and an increase in generics dispensed as a percentage of total prescriptions filled.  The Pharmacy segment operating contribution improved by 12.4%, or $0.2 million, to negative $1.5 compared to the first quarter of fiscal 2011.

Services: The Company's Services segment, which includes Arcadia's home care and medical staffing business, reported net revenues of $20.9 million in the second quarter of fiscal 2011 compared to net revenues of $21.7 million for the first quarter a year ago.  Within the Services segment, home care revenues decreased by $464,000, or 2.7%, to $16.7 million from $17.3 million in the same period last year.  Medical staffing and travel staffing declined $314,000 to $4.1 million in the second quarter of fiscal 2011 compared to $4.5 million in the same period last year.  Compared to the first quarter of fiscal 2011, second quarter revenues increased 2.8% from $20.4 million to $20.9 million with increases in both home care and medical staffing.  Gross margin within the Services segment was 30.0% in the second quarter of fiscal 2011 compared to
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SOURCE Arcadia Resources, Inc.
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