GLENDALE, Calif., Feb. 25, 2015 /PRNewswire/ -- Apollo Medical Holdings, Inc. (“ApolloMed”) (OTC-QB: AMEH), an integrated physician-centric healthcare delivery company announced its fiscal 2015 third quarter results for the three months ended December 31, 2014.
Financial Highlights for the Three Months Ended December 31, 2014 Compared to the Three Months Ended December 31, 2013:
- Net revenue of $7.6 million, an increase of 170% from $2.8 million in the comparable period of 2013, attributable to the continued growth of Maverick Medical Group and recent acquisitions
- Loss from operations of $1.5 million compared to a loss of $808,596 in the comparable quarter of 2013, attributable to increased legal and professional fees related to acquisitions as well as increased infrastructure costs related to ApolloMed ACO and Maverick Medical Group
- On December 31, 2014, the Company had total assets of $15.0 million
- On December 31, 2014, the Company had cash and cash equivalents of $7.0 million
“This was another quarter of significant year-over-year revenue growth for ApolloMed,” stated Warren Hosseinion, M.D., CEO of Apollo Medical Holdings.
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