American Caresource Holdings, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net income of $147,216 or $0.01 diluted earnings per share on net revenue of $18,234,674 compared to net income of $1,001,006 or $0.06 diluted earnings per share on net revenue of $16,110,795 for the same period a year ago. Operating income was $159,093 and income before income taxes was $167,771 compared to operating income of $962,101 and income before income taxes of $1,026,565 for the same period a year ago. EBITDA was $314,541 and adjusted EBITDA was $935,515 compared to EBITDA of $1,067,988 and adjusted EBITDA of $1,265,420 for the same period a year ago. The higher revenues were attributed to increased revenues from new and existing clients. The decline in operating income reflects higher SG&A and the non-recurring, restructuring charge of $223,000. For nine months, the company reported net income of $960,051 or $0.05 diluted earnings per share on net revenue of $51,424,977 compared to net income of $2,143,864 or $0.12 diluted earnings per share on net revenue of $40,628,998 for the same period a year ago. Operating income was $677,975 and income before income taxes was $1,017,118 compared to operating income of $2,072,559 and income before income taxes of $2,205,487 for the same period a year ago. EBITDA was $1,078,535 and adjusted EBITDA was $2,372,500 compared to EBITDA of $2,367,118 and adjusted EBITDA of $2,928,995 for the same period a year ago. Net cash provided by operating activities was $812,405 compared to $4,207,428 for the same period a year ago. For the full year of 2009, the company expects to generate revenues of approximately $70 million, which is at the lower-end of its anticipated range of $70 to 85 million.

American Caresource Holdings, Inc. - Conference Presentation Calls

American Caresource Holdings, Inc., Q3 2009 Earnings Call, Nov 10 2009