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Centric Health reports strong first quarter 2010 financial results

^{Published on 2010-05-12 04:10:18 - Market Wire}
 

 Q1 2010 Financial and Operating Highlights - Net income grew to $1 million, as compared to $0.3 million in Q1 2009 - EBITDA(1) increased by $1.3 million to $1.9 million, as compared to $0.6 million in Q1 2009 - Basic earnings per share increased 78%, to $0.016 from $0.009 in Q1 2009 - Maintained a strong balance sheet with $1 million of cash on hand at March 31, 2010 Financial Results and Highlights (in thousands) Three months ended March 31, 2010 2009 ----------------------------- Revenue $ 13,775 $ 4,269 ----------------------------- Expenses: Direct costs 10,133 2,265 General and administrative expenses 1,721 1,392 Stock-based compensation 109 25 Amortization 94 47 ----------------------------- 12,057 3,729 Income before interest expense 1,718 540 Interest expense 213 - ----------------------------- Income before income taxes 1,505 540 ----------------------------- Income taxes 503 201 ----------------------------- Net income for the period $ 1,002 $ 339 ----------------------------- EBITDA(1) $ 1,921 $ 612 -----------------------------