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

0,000 shares authorized; 177,428,044 shares and 177,918,044 shares issued, respectively

177

178Additional paid-in capital

146,396

145,381Accumulated deficit

(164,271)

(157,334)Total stockholders’ deficit

(17,698)

(11,775)Total liabilities and stockholders’ deficit

$
30,006

$
33,196ARCADIA RESOURCES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)Three Month Period Ended September 30, Six Month Period Ended September 30, (Unaudited)(Unaudited)2010200920102009Services

$
20,931

$
21,709$
41,295

$
44,389Pharmacy

4,911

3,4089,965

6,625Revenues, net

25,842

25,11751,260

51,014Cost of revenues

18,797

17,92337,453

36,549Gross profit

7,045

7,19413,807

14,465Selling, general and administrative

9,581

9,87819,315

19,329Depreciation and amortization

326

531634

942Total operating expenses

9,907

10,40919,949

20,271Operating loss

(2,862)

(3,215)(6,142)

(5,806)Other expenses:Interest expense, net

980

8461,823

1,684Change in fair value of warrant liability

(779)

-(137)

-Other

-

(6)-

30Total other expenses

201

8401,686

1,714Loss from continuing operations before income taxes

(3,063)

(4,055)(7,828)

(7,520)Income tax expense

40

773

100Loss from continuing operations

(3,103)

(4,062)(7,901)

(7,620)Discontinued operations:Loss from discontinued operations

(52)

(248)(82)

(1,477)Net gain on disposal

259

1631,046

379207

(85)964

(1,098)NET LOSS

$
(2,896)

$
(4,147)$
(6,937)

$
(8,718)Weighted average number of commo
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SOURCE Arcadia Resources, Inc.
Copyright©2010 PR Newswire.
All rights reserved

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