FCHS
First Choice Healthcare Solutions, Inc.0.0060
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
197.75KP/E (TTM)
-Basic EPS (TTM)
-0.11Dividend Yield
0%Recent Filings
10-Q
10-Q
Q2 FY2025 results
First Choice Healthcare Solutions posted Q2 revenue of $1,423, down sharply from $3,303 a year earlier and $4,033 in Q1 2025 (derived), as the company scaled back services at its Melbourne clinic. Gross margins held at 100%, but operating expenses climbed 20% year-over-year to $575,837, driven by higher compensation and administrative costs, yielding an operating loss of $574,414 versus $478,995 last year. Net loss narrowed to $639,436 from $1,862,361, thanks to $471,300 PPP loan forgiveness offsetting hefty $515,534 interest charges—net loss exceeded operating by 11%, mainly from that gain and equipment sale losses. Cash dwindled to $6,454 amid $388,915 operating outflows, while $24.98M in short-term notes loom large against a $34.6M stockholders' deficit. Debt weighs heavy.
8-K
COO transition bolsters leadership
First Choice Healthcare Solutions replaced COO Michael C. Howe, who resigned on June 10, 2025, for a Nasdaq role but will join the board post-uplist and S-1 effectiveness. Bradley D. Case, 49, with 30 years in healthcare leadership from UnitedHealth Group and others, steps in immediately under a $225,000 salary agreement, plus a $25,000 bonus on uplist and 50% target bonus. Leadership continuity aids operations amid growth plans. Non-compete lasts six months post-term.
10-Q
Q1 FY2025 results
First Choice Healthcare Solutions posted Q1 FY2025 revenue of $4,033, down 41% year-over-year from $6,851, as the company trimmed service offerings to physical therapy amid fewer patient visits. Gross profit matched revenue while operating expenses climbed 17% to $588,489, driven by new Minnesota leases, yielding an operating loss of $584,456—worse than the prior year's $496,826. Interest expense surged 10% to $785,896 on added debt, widening net loss to $1.4 million from $1.2 million, with diluted EPS steady at $(0.04) across 33 million shares. Cash edged up to $29,645, bolstered by $292,000 in operating outflows offset by $336,000 in convertible notes, though total debt hit $24.8 million and stockholders' deficit deepened to $33.9 million. The final PPP loan of $471,300 got forgiven in April. Yet debt weighs heavy.
10-K
FY2024 results
First Choice Healthcare Solutions posted a narrowed net loss of $3.9 million for FY2024 ended December 31, 2024, down 52% from $8.3 million in FY2023, driven by slashed operating expenses after terminating unprofitable physical therapy services in Q2 2024. With no revenue in FY2024 versus $30,000 in FY2023, Q4 cash outflows from operations eased to $1.7 million annually, reflecting sequential cost reductions amid the strategic pivot to primary care and wellness clinics. Acquisitions of The Good Clinic assets in January 2024 and a pending $15.8 million deal for Pointe Medical bolster Q4 momentum toward branded clinics and compounding pharmacy expansion, yet debt swelled to $24.3 million with $3.3 million in interest. Liquidity remains tight at $20,000 cash, reliant on a proposed $10 million offering to fund five new clinics by year-end 2025. No annual guidance disclosed. Regulatory scrutiny on compounding pharmacies could stall quarterly growth.
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