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Stock impact report

China Pharma Holdings, Inc. Reports First Quarter 2019 Financial Results

China Pharma Holdings, Inc. (CPHI) 
NASDAQ:AMEX Investor Relations: chinapharmaholdings.com/investor/profile.htm
Company Research Source: PR Newswire
HAIKOU, China, May 15, 2019 /PRNewswire/ -- China Pharma Holdings, Inc. (NYSE American: CPHI) ("China Pharma," the "Company" or "We"), an NYSE American-listed corporation with a fully-integrated specialty pharmaceuticals subsidiary based in China, today announced financial results for the quarter ended March 31, 2019.First Quarter Highlights Revenue decreased 19.0% to $2.9 million in the first quarter 2019 from $3.6 million in the same period of 2018; Gross margin was 22.4% in the first quarter 2019, compared to 29.1% in the same period of 2018; Loss from operations was $0.3 million in the first quarter 2019 compared to $0.1 million in the same period of 2018, a deterioration of $0.2 million; Net loss was $0.4 million in the first quarter 2019 compared to $0.3 million in the same period of 2018. Loss per common share was both $0.01 per basic and diluted share in the first quarter 2019 and 2018, respectively.In a statement from Ms. Zhilin Li, China Pharma's Chairman and CEO, "We experi Show less Read more
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