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HealthWarehouse.com, Inc. Announces Third Quarter Financial Results; Revenues, Margins, and Orders Shipped Increase Over Third Quarter 2008
Date:11/23/2009

CINCINNATI, Nov. 23 /PRNewswire-FirstCall/ -- HealthWarehouse.com, Inc. (OTC Bulletin Board: HEWA) an online U.S. mail-order pharmacy, today announced its financial results for the third quarter ended September 30, 2009. The company reported quarterly revenue of $1,006,721, driven by heavy growth in prescription sales and pharmacy transfers. Gross margins increased 13.0% year-over-year to 34.6% and the net loss for the quarter was $619,114 compared to a net loss of $186,299 for the three months ended September 30, 2008.

"We continue to see consumers transfer prescriptions from traditional pharmacies fed up with high prices, long pharmacy lines and poor customer service," said Lalit Dhadphale, President and CEO of HealthWarehouse.com. "Our focus on customer service in addition to offering discount prices with fast shipping continues to change the pharmacy landscape as consumers adopt mail-order as the new way to purchase their prescriptions. We look forward to expanding our offering and continue helping Americans in need of relief from high drug costs and poor experiences at retail pharmacies."

"We're pleased with consumers continuing to adopt our services as evidenced by our growing margins," said Pat Delaney, Chief Financial Officer of HealthWarehouse.com. "With new and transferred prescriptions becoming a larger part of our product mix and generic prescriptions being the majority of our prescription sales, margins continue to increase."

Key Highlights For The Third Quarter 2009 Compared To Third Quarter 2008:

  • Revenues were $1,006,721; up 154% from $396,547
  • Gross margins increased from 21.6% to 34.6%
  • Total orders shipped were 22,523; up 238% from 6,672
  • Website attracted over 310,396 visits; up 327% from 72,750 visits
  • Pageviews increased to 1,111,595; up 285% from 288,750 pageviews
  • 2009 BizRate Circle Of Excellence Award for customer service and satisfaction'/>"/>

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