IMAC Holdings Reports 72% Rise in Patient Services Revenue and 30% Increase in Patient Visits to its Clinics for the Third Quarter 2019
IMAC Holdings, Inc. (IMAC)
Last imac holdings, inc. earnings: 11/14 09:00 am
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Source: GlobeNewswire
BRENTWOOD, Tenn, Nov. 14, 2019 (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 three and nine months ended September 30, 2019. Highlights from the Third Quarter Of 2019 (all comparisons are with IMAC for the third quarter of 2018, unless otherwise indicated): Total patient revenues were $8.7 million, compared with $6.1 million, a 35% increaseNet revenues were $4.4 million, compared with $2.5 million, a gain of 72%Net loss was $1.5 million or $0.19 per share, compared with a net loss of $1 million or $0.22 per sharePatient visits were 35,749, compared with 27,526 patient visits, an increase of 30%Procedure volumes were 82,232 compared with 70,083, an increase of 17%Cash as of September 30, 2019 was $0.7 million, compared with $0.2 million as of Dece
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