Steven J. Armond
Chief Financial Officer
American CareSource Holdings, Inc.
Tel: 972-308-6847



Company reports sixth consecutive quarterly profit of $1.5 million, or $0.08 per diluted share

DALLAS, TX – March 31, 2009 -- American CareSource Holdings, Inc. (Nasdaq: ANCI) today announced record financial and operational results for the three months and year ended December 31, 2008.  Recent highlights include:
Reported quarterly net income of $1.5 million, or $0.08 per diluted share, resulting in six consecutive quarters of profit growth.
Achieved $17.7 million in revenue for the fourth quarter, a 74.4% increase in revenues compared to the same prior year period, representing seven quarters of sequential revenue growth.
Attained quarterly gross margins of approximately 16.3% compared to approximately 11.8% in the three months ended December 31, 2007, reflecting continued leverage of the Company’s fixed cost infrastructure.
Generated EBITDA, as adjusted, of approximately $1.82 million for the quarter.
EBITDA, as adjusted, (a non-GAAP measure) is defined as income (loss) from operations adjusted for depreciation and amortization, non-cash warrant and option compensation expense and executive severance. EBITDA, as adjusted, should be considered in addition to, but not in lieu of, income (loss) from operations reported under generally accepted accounting principles (GAAP).
The Company finished the year with approximately $10.6 million in cash and cash equivalents on hand and generated approximately $2.24 million in cash from operating activities in the fourth quarter and approximately $6.5 million during the full year of 2008.
Claims volume increased to approximately 82,500 for the fourth quarter of 2008, up 62% over the fourth quarter of 2007.
Signed new client agreement with Principal Financial Group to provide a full range of ancillary care services for its newly launched proprietary healthcare network, Principal Edge Network.
Signed new client agreement with Insurers Administrative Corporation, expanding growth in the TPA market.
Signed new client agreement with InterGroup Services Corporation, extending reach into the Mid-Atlantic PPO market.
Extended contract with HealthSmart Preferred Care II, LP through 2012 and expanded services provided.
The Company ranked number one stock performer on The NASDAQ Capital Market® for 2008.

The following information was filed by American Caresource Holdings, Inc. (GNOW) on Tuesday, March 31, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one year to another to evaluate American Caresource Holdings, Inc.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by American Caresource Holdings, Inc..


Never Miss A New SEC Filing Again

Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.


We Highlighted This SEC Filing For You

SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.


Widen Your SEC Filing Reading Experience

Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view


Uncover Actionable Information Inside SEC Filings

SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q


Adobe PDF, Microsoft Word and Excel Downloads

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis


FREE Financial Statements

Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator

Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019) Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not


Financial Stability Report

Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019) Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity


Get a Better Picture of a Company's Performance

Financial Ratios
Available Financial Ratios Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years


Log in with your credentials


Forgot your details?

Create Account