MDCE
Medical Care Technologies Inc.0.0003
-0.0002-30%
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
1.29MP/E (TTM)
-Basic EPS (TTM)
-20.73Dividend Yield
0%Recent Filings
8-K
CEO letter delays Shenzhen launch
Medical Care Technologies Inc. issued a CEO's letter on November 20, 2012, announcing new senior hires—Joe Hall, a retired Air Force healthcare executive, and Dr. Richard Rheinbolt, a pediatrician with overseas clinic experience—to refine operations for its first Shenzhen pediatric center. This bolsters expertise but delays prior timelines amid final capital raises and clinic construction. Patience pays off here. Forward-looking plans highlight long-term growth in China's children's healthcare, tempered by transition risks and market uncertainties.
10-Q
Q3 FY2012 results
Medical Care Technologies, a development-stage pediatric healthcare provider, posted a Q3 net loss of $711K, up from $504K a year ago, driven by $418K in operating expenses and $294K in other costs including $137K interest and $156K derivative losses. For the nine months, losses widened to $2.4M from $1.5M, fueled by $1.1M operating expenses, $367K interest, $532K derivative hits, and a $450K contract cancellation charge—net loss outpacing operating by over 20% due to these non-operating items. Cash dwindled to $742 amid $198K operating burn, offset by $349K financing inflows from notes and related parties, leaving a $1.2M working capital deficit and $1.4M liabilities heavy on convertibles and related debts. Shares ballooned to 3.2B via conversions and issuances for services. Licensing advances in Shenzhen signal setup progress. Yet regulatory hurdles in China loom large.
8-K
Leadership promotions and COO hire
Medical Care Technologies Inc. promoted Luis Kuo from COO to President on October 8, 2012, to steer strategic development of its upcoming Shenzhen children's health center, while Ning Wu steps down from President but retains CEO and board roles. The company appointed Thomas J. (Joe) Hall II as new COO under a six-month agreement, issuing him 80,000,000 restricted common shares as compensation, with base salary deferred until major financing exceeds $500,000. Leadership shakeup bolsters operations for China's first private western-style pediatric facility. Yet risks linger in execution amid forward-looking uncertainties.
8-K
Escrow shares returned to treasury
Medical Care Technologies Inc. released 30 million common shares from escrow on September 12, 2012, after satisfying obligations under a 2011 convertible debenture with Long Side Ventures LLC. The shares, originally held by escrow agent Jonathan Leinwand, returned to the company's treasury. This leaves 2,323,785,844 shares issued and outstanding. Clean balance sheet now.
10-Q
Q2 FY2012 results
Medical Care Technologies, a development-stage children's healthcare provider, posted deeper losses in Q2 2012 ended June 30, with operating expenses climbing to $522K from $575K a year earlier, driven by higher management fees and a $450K hit from canceling a financing deal. Yet net loss widened to $1.3M from $834K, fueled by derivative losses on convertible notes and interest costs, while cash drained to a mere $379 amid $110K used in operations. The firm advanced its joint venture, securing a Shenzhen health center license via a $286K related-party loan at 12% due December 2012, alongside $5.7K in remaining convertibles and $81K in defaulted loans. Shares ballooned to 1.8B from 329M, diluting EPS to $0.00 (derived). No revenues yet, but license progress hints at openings ahead. Regulatory hurdles in China could stall expansion.
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