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Article: OptimumCare Reports 2002 Results.
- Article from:
- Business Wire
- Article date:
- March 28, 2003
CopyrightCOPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors/Health/Medical Writers
LAGUNA NIGUEL, Calif.--(BUSINESS WIRE)--March 28, 2003
OptimumCare Corp. (OTCBB:OPMC), today said it incurred a net loss for the year ended Dec. 31, 2002.
For the 12 months ended Dec. 31, 2002, net revenues were $5,366,280, compared with 2001 annual net revenues of $6,906,496. Net loss amounted to $(432,274) or $0.07 per diluted share, compared with 2001 net income of $(572,398), or $0.10 per share.
The loss was primarily due to decreasing revenue coupled with the high costs of acquiring two new business entities during the year. Net loss would have been $(467,002) in 2002 without taking into ...