FCHS
First Choice Healthcare Solutions, Inc.0.0060
+0.0000+0%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
197.75KP/E (TTM)
-Basic EPS (TTM)
-0.11Dividend Yield
0%Recent Filings
10-K
FY2025 results
First Choice Healthcare Solutions posted a $7.1M net loss for FY2025 ended December 31, 2025, up from $3.8M in 2024, driven by $2.7M operating loss on negligible $7K revenue amid its pivot from legacy orthopedics to wellness clinics while burdened by $27M debt. Q4 saw $4.7M interest expense spike 36% y/y, yet cash burn halved to $549K annual outflow versus prior year, with equipment sales yielding $10K. Debt swelled with $525K new notes, liquidity razor-thin at $6K cash. No quarterly breakdowns disclosed. Going concern teeters on unclosed acquisitions and S-1 raise. Supply disruptions hobble the lone compounding pharmacy.
10-Q
Q3 FY2025 results
First Choice Healthcare Solutions posted Q3 revenue of $230, flipping to positive from a $29,955 loss last year, yet operating losses widened to $621,164 from $449,953 amid higher compensation and SG&A. Nine-month revenue hit $5,686, up sharply from a $19,801 loss, trimming net loss to $3.5M from $3.95M, with EPS steady at -$0.11 on 33M shares despite anti-dilution. Interest expense drove the bulk of the net loss gap. Cash dwindled to $2,430, operations burned $552K, offset by $525K in convertible notes; notes payable swelled to $25.7M, all current. Debt overhang looms large.
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.
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