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

30.8% in the same period last year.  The Services segment operating contribution improved by 30.0%, or $0.3 million, to $1.4 million compared to the first quarter of fiscal 2011.  Second quarter operating contribution in the Services segment was its highest since the second quarter of fiscal 2010.

The Company sold its former Catalog segment during the quarter and this segment is being reported as a discontinued operation for the fiscal year second quarter.

Capital Resources and LiquidityCash flow from operations during the second fiscal quarter improved by $1.5 million to negative $3.4 million compared to negative $4.9 million in the first fiscal quarter of 2011, inclusive of changes in operating assets and liabilities in each quarter of negative $1.1 million and negative $2.4 million, respectively.  

At September 30, 2010, the Company had total cash plus line-of-credit available of $2.5 million.  On November 2, 2010, the Company finalized a $5.0 million equity financing transaction whereby it sold 15,624,000 shares of common stock at $0.32 per share.  The Company expects to receive net proceeds after fees of approximately $4.5 million.  The additional cash will be used to fund and grow the DailyMed operations.  

The Company previously announced that it had entered into a new credit facility with Comerica Bank covering its Services segment.  The new agreement extends the maturity of the facility to 2012.

"With our existing cash availability, the additional cash raised through our equity financing, the extension of our Comerica facility, on-going operating contribution improvements, particularly in our Pharmacy segment, and additional cash proceeds from prior asset sales, we believe we have adequate cash resources to support the business until we achieve our plan to become cash flow positive," said Matt Middendorf, Chief Financial Officer.

Conference Call InformationArcadia will
'/>"/>

SOURCE Arcadia Resources, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11

Related medicine technology :

1. Arcadian Healths Chief Information Officer to Address Role of CIOs from a Healthcare Perspective at the CIO Executive Leadership Roundtable in Santa Monica
2. Marcadia and Lilly Sign Development, License Agreement for Novel Glucagon Program in Severe Hypoglycemia
3. Arcadia Resources Names Stephen Goldsmith to Board of Directors
4. Arcadia Resources to Present at Lazard Healthcare Conference in New York
5. Arcadia Resources Announces Webcast of Its Fiscal 2010 Second Quarter Conference Call
6. Decision Resources Forecast of Global Tanezumab Sales Slashed Following FDA Halt of Phase III Studies
7. Health Strategies Group Introduces New One-Stop Suite of Intelligence Services for Optimizing Marketing and Sales Resources in the Institutional Channel
8. Decision Resources Launches Analogue Tool To Help Pharmaceutical Companies Quickly Assess Market Opportunity
9. Wolters Kluwer Health and the Joanna Briggs Institute Enter Exclusive Relationship to Deliver Evidence-Based Clinical Resources
10. Decision Resources Competitive Landscape Seminar Series: Biologics and Biosimilars on September 14, 2010 Will Help Pharmaceutical Companies Understand Market Opportunities for Biologics and Biosimilars
11. Novo Nordisk Announces Resources to Help Support Kids with Diabetes Attending Summer Camp
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:9/2/2014)... 2, 2014  VentiRx Pharmaceuticals, Inc., a ... development and commercialization of novel Toll-like receptor ... U.S. Food and Drug Administration (FDA) has ... of motolimod (VTX-2337) when administered in combination ... treatment of women with ovarian cancer whose ...
(Date:9/2/2014)... , Sept. 2, 2014 Bluegrass ... company focused on innovating lifesaving devices and methods ... of Dr. Gabriele Niederauer , a seasoned ... Following the recent closure of Series A financing, ... the Surfacer™ Inside-Out Access Catheter System, a proprietary ...
(Date:9/2/2014)... LAUSANNE , Switzerland , ... after receiving ISO 13485 accreditation, Sophia Genetics has become ... mark for the clinical use of a Next Generation Sequencing ... assurance certification represents an important step in raising ... diagnosis, and brings Sophia Genetics, world-leading Data Driven ...
Breaking Medicine Technology:VentiRx Pharmaceuticals Announces Fast Track Designation Granted for Motolimod (VTX-2337), a Novel Immunotherapy for Women with Ovarian Cancer 2VentiRx Pharmaceuticals Announces Fast Track Designation Granted for Motolimod (VTX-2337), a Novel Immunotherapy for Women with Ovarian Cancer 3Bluegrass Vascular Technologies Names Dr. Gabriele Niederauer President And CEO 2Sophia Genetics Becomes the First European Company to Obtain CE-IVD Mark for Clinical use of Next Generation Sequencing Bioinformatics Pipeline for Routine Genetic Testing 2
... 20 The District of Columbia Patients, Cooperative ... the District of Columbia, has submitted comments to the ... on proposed regulations announced 45 days ago.   ... http://www.dcpatients.org/DCPC_comments.pdf along with the comments of cannabis ...
... NewBridge Pharmaceuticals FZ-LLC of Dubai, UAE announced today that ... Executive Officer and a member of the company,s Board ... joins NewBridge after a career extending over 29 years ... positions covering many geographies including; US, Europe, and Middle ...
Cached Medicine Technology:DC Patients' Cooperative Urges Changes to the Proposed Medical Cannabis 'Marijuana' Regulations 2NewBridge Pharmaceuticals Completes $12 Million First Close of Series B Financing, Announces Senior Executive Appointments 2NewBridge Pharmaceuticals Completes $12 Million First Close of Series B Financing, Announces Senior Executive Appointments 3
(Date:9/2/2014)... September 02, 2014 As an industry transformation ... an industry and predict change. Fortunately for him, that valuable ... to identify markets that are eager for change — such ... the hearing aid market indicated it was ripe for better ... Sapio explained. As a result, he took matters into his ...
(Date:9/2/2014)... available in Spanish . ... through an experiment conducted on rats, that hyperproteic diets could ... for groups with bone disease problems, such as the elderly ... vegetal proteinin the case of the present study, soy proteinis ... former increased the level of calcium in bones by as ...
(Date:9/2/2014)... in their work care for patients who are dying. ... that many nurses in training feel unprepared and anxious ... end-of-life care. , Scientists from the Sahlgrenska Academy have ... the University of Skvde and the Ersta Skndal University ... for dying patients, their ideas about how to support ...
(Date:9/2/2014)... 2014 Catalent, the leading global ... for drugs, biologics and consumer health products, today ... Eli Lilly’s growth, it is to install new ... Philadelphia Clinical Supply Center of Excellence. , Catalent ... its clinical supply facility in Schorndorf, Germany, providing ...
(Date:9/2/2014)... 02, 2014 Splashtop Inc. , ... partnership with NTT DoCoMo to deliver Splashtop ... Splashtop Business Lite is included in NTT DoCoMo’s “Business ... desktop software that empower users to remote access their ... garnered over 18 million users worldwide. Splashtop delivers ...
Breaking Medicine News(10 mins):Health News:David Sapio Launches Zounds Hearing Franchise 2Health News:Study conducted on rats suggests that hyperproteic diets can be beneficial for bones 2Health News:Many nurses unprepared to meet dying patients 2Health News:Catalent Supports Eli Lilly's Growing Global Clinical Trials Needs with New Investment in Automated Packaging Solutions 2Health News:Splashtop and NTT DoCoMo Partner to Deliver “Splashtop Business Lite” Secure Remote Access Solution to Business Customers 2
... discovery in a Florida State University College of Medicine ... to one day help scientists learn how to stop ... are forming. , Jamila Horabin, associate professor of biomedical ... four-year, $1.2 million grant from the National Institutes of ...
... develop a custom solution for The Kidney Foundation of Canada that will ... ... (Vocus) January 9, 2009 -- Blackbaud, Inc. (Nasdaq: BLKB ) today ... of Canada that will create a unified national CRM and web presence., ...
... (PHILADELPHIA) Efforts to fight the toll of cardiac ... CPR education and improvement, public defibrillation programs, and quicker ... Pennsylvania School of Medicine reveals that the hospital where ... key role in their chances of survival following these ...
... Both a Membership Card and Debit Card for Health-related ExpensesPITTSBURGH, ... inconvenience often associated with a Flexible Spending Account (FSA) with ... card - which is unique to Western Pennsylvania - serves ... a debit card for out-of-pocket health care expenses.The My ...
... More than 1,800 in Florida Alone ST. PETERSBURG, Fla., ... franchise, announced today the launch of its low-cost, home-based ... consumers containing their comprehensive medical history. eMed-ID is ... medical history on an easy-to-carry or wearable USB device. ...
... to tomorrow,s (and even today,s) health problems may be ... 2009 Consumer Electronics ShowLAS VEGAS, Jan. 9 ... technology changing the way we shop, listen to music, ... family. However, managing an illness or disability remains a ...
Cached Medicine News:Health News:Researcher wins $1.2 million grant for gene regulation work 2Health News:Blackbaud to Deliver National CRM Database and Bilingual Website for The Kidney Foundation of Canada 2Health News:Blackbaud to Deliver National CRM Database and Bilingual Website for The Kidney Foundation of Canada 3Health News:Blackbaud to Deliver National CRM Database and Bilingual Website for The Kidney Foundation of Canada 4Health News:Penn study: Chances of surviving cardiac arrest depend on where patients are treated 2Health News:Penn study: Chances of surviving cardiac arrest depend on where patients are treated 3Health News:UPMC Health Plan Introduces `MyFlex Advantage' Card 2Health News:UPMC Health Plan Introduces `MyFlex Advantage' Card 3Health News:World's First Medical Identification Franchise Launches at Miami's Franchise Expo South 2Health News:World's First Medical Identification Franchise Launches at Miami's Franchise Expo South 3Health News:Meridian Makes CES Good For Your Health 2
... The dual lumen ... a 1.2 mm inner ... ,Dual oval lumen catheters ... while maintaining maximum catheter ...
The mid-sized titanium port is about 3/4 the diameter and half the weight of the standard model. The silicone catheter has an I.D. of 1.0 mm....
The WaveMap provides immediate clinical decision making information with automatic calculation of pressure gradients and FFR measurements.,SmartWire Pressure Guide Wire - The intelligent choice in ...
... Used for vascular access. ... facilitates single wall puncture with ... sideport is visualized while maintaining ... Sideport exits the hub of ...
Medicine Products: