HealthWarehouse.com Reports Full Year 2023 Results
HEALTHWAREHOUSE.COM (HEWA)
NASDAQ:AMEX Investor Relations:
healthwarehouse.com/investors-relations
Company Research
Source: Business Wire
12% increase in revenues, and positive cash flow following software launch CINCINNATI--(BUSINESS WIRE)--HealthWarehouse.com, Inc. (OTCQB:HEWA) announced today its results of operations for the year ended December 31, 2023. The Company reported net sales for the year of $20.3 million, a 12% increase over the year ended December 31, 2022, resulting from 18% growth in direct-to-consumer and partner services prescription revenues, offset in part by a decline in over-the-counter product sales.The Company reported a net loss of $1.8 million for the year and negative cash flow of $16,000, as reflected by its internal non-GAAP measure of Adjusted EBITDA as defined below. Positive cash flow of $175,000 from the second half of 2023 nearly offset negative cash flow of $190,000 during the first half of the year, which was negatively impacted by costs related to the launch of new software.HealthWarehouse.com, a technology company with a focus on healthcare e-commerce, sells and delivers prescri
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