IMAC Holdings Reports 2019 Financial Results, Including 126% Growth of Patient Services Revenue Compared to 2018
IMAC Holdings, Inc. (IMAC)
Last imac holdings, inc. earnings: 11/14 09:00 am
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Source: GlobeNewswire
BRENTWOOD, Tenn, March 26, 2020 (GLOBE NEWSWIRE) -- IMAC Holdings, Inc. (Nasdaq: IMAC) (“IMAC” or the “Company”), a provider of Innovative Medical Advancements and Care, specializing in regenerative rehabilitation orthopedic treatments without the use of surgery or opioids, today announces financial results for the year ending December 31, 2019. Financial and Select Corporate Highlights from 2019 (all comparisons are with IMAC for the year ending December 31, 2018 unless otherwise indicated): Net revenues were $15.1 million, compared with $6.7 million, a gain of 126%Contractual Adjustments improved, dropping from 59% to 53% of gross chargesNet loss was $6.5 million or $0.84 per share, compared with a net loss of $3.0 million or $0.47 per shareCash as of December 31, 2019 was $0.3 million, compared with $0.1 million as of December 31, 2018IMAC initiated next phase of Brand Ambassador Program with opening of Mike Ditka Center in Arlington Heights, Ill.Opened the Ozzie Smith IMAC Reg
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