Medindia

X

Forterus Announces Record Quarter Results

Monday, April 26, 2010 Corporate News J E 4
Advertisement
MURRIETA, Calif., April 26 Forterus Inc. (Pink Sheets: FTER), announced results from the first quarter of its 2010 fiscal year.

Key Financial Highlights

Historical first quarter records were achieved in total revenue, operating income, operating margin net income, EPS and cash flow from operations as follows:

Business Overview

Total revenue for the first quarter of 2010 grew 106 percent to $1,885,802 compared to $915,543 in the first quarter of 2009. Operating income for the first quarter increased 483 percent to $199,132 compared to $34,105 in the first quarter of 2009. Earnings Per Share (EPS) for the first quarter increased 550 percent to $.013 compared to $.002 in the first quarter of 2009. Revenue Per Share (RPS) increased 81 percent to $.123 compared to $.068 in the first quarter of 2009. The company had 15,324,864 shares outstanding at the end of the first quarter.

"2010 is off to a strong start for Forterus," stated CEO Paul Howarth. "We achieved historical first quarter highs in revenue and earnings. Our ability to raise additional capital in the first quarter helped contribute to our increase in marketing and bed count, which enabled us to achieve stronger than expected Q1 results."

About Forterus Inc.

Forterus Inc. and its subsidiaries engage in diverse business activities, including alcohol rehabilitation, and finance. For more information Forterus and its A Better Tomorrow Treatment Center subsidiary, please visit their respective websites at http://www.forterushealthcare.com and http://www.abttc.com.

Forward Looking Statements

Application of the Safe Harbor of the Private Securities Litigation Reform Act of 1995: This press release contains, and Forterus may from time to time make, written or oral 'forward-looking statements' within the meaning of the U.S. federal securities laws, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties and other factors, many of which are outside Forterus's and/or its subsidiaries control that could cause actual results to differ materially from such statements. In particular, statements using words such as 'may,' 'should,' 'estimate,' 'expect,' 'anticipate,' 'intend,' 'believe,' 'predict,' 'potential,' or words of similar import generally involve forward-looking statements.

-- Total revenue up 106 percent year over year -- Operating income up 483 percent year over year -- EPS up 550 percent to $0.013 -- RPS up 81 percent to $0.123

SOURCE Forterus Inc.
Advertisement


Advertisement

You May Also Like

Advertisement
View All

Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
User Avatar
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions
s
Labopharm to host conference call Wednesday, May 5...
S
MSC Care Management Appoints New Western Region Ca...