CFWH The Center For Wound Healing, Inc. featured news, full reports, and detailed charts
The Center For Wound Healing, Inc. (CFWH/CFWH.OB) Wrap Up:
The Center for Wound Healing, Inc. develops and manages wound care centers in the United States. It operates wound care centers, which are developed in partnerships with community and acute care hospitals, under THE CENTER FOR WOUND HEALING name. These centers provide contract services for wound care and hyperbaric medicine. The company also furnishes hyperbaric oxygen chambers to hospitals. It provides hyperbaric oxygen treatment, a medical treatment administered by delivering 100% oxygen at pressures greater than atmospheric pressure to a patient inside an enclosed chamber. This treatment is principally used for acute arterial insufficiency, osteomyelitis, radiation injury/necrosis, necrotizing infection, compromised skin grafts and flaps, diabetic wounds of the lower extremities, and gas gangrene. As of June 30, 2009, the company operated 35 wound care and hyperbaric centers with various institutions. The company was founded in 2005 and is headquartered in Tarrytown, New York.The Center For Wound Healing, Inc. (CFWH:OTC Bulletin Board Market)
Snapshot of The Center For Wound Healing, Inc. (CFWH)
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OPEN
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PREVIOUS CLOSE
$0.50
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
04/30/09 - $0.90
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52 WEEK LOW
03/18/09 - $0.05
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MARKET CAP
12.1M
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AVERAGE VOLUME 3 mo
1.7K
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DILUTED EPS TTM
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SHARES OUTSTANDING
24.1M
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CFWH Does Not Pay Dividends
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P/E TTM
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CFWH Top Compensated Officers
Executives, Board Directors
Key developments for The Center For Wound Healing, Inc. (CFWH)
The Center For Wound Healing Inc. reported unaudited consolidated earnings results for the year ended June 30, 2009. For the year, the company has posted total treatment revenue of $29.2 million, a 10.6% increase compared with total revenue of $26.4 million for fiscal 2008. The company generated EBITDA of $7.5 million in fiscal 2009, compared with EBITDA of $8.6 million in the fiscal 2008. The net loss was $4.2 million or $0.18 basic and diluted per share, compared with a net loss of $3.9 million or $0.17 basic and diluted per share for fiscal 2008. Loss before provision for income taxes was $4.03 million compared to $3.86 million for the same period a year ago. Operating income was $0.92 million compared to $3.12 million for the same period a year ago.
On 09/29/2009, The Center For Wound Healing, Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.
The Center For Wound Healing Inc. restated consolidated financial results for the quarterly periods ended March 31, 2008, September 30, 2008, December 31, 2008, for the year ended June 30, 2008 and the quarter ended March 31, 2009. The aggregate effect of the restatements will be to decrease the company's consolidated net loss by $460,000 for the year ended June 30, 2008, and by $800,000 for the nine months ended March 31, 2009; and to increase the company's consolidated stockholders' equity by $4.0 million at June 30, 2008, and $4.8 million at March 31, 2009.
CFWH Competitors
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Industry Analysis
| Valuation | CFWH | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.4x |
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| Price/Book | 1.7x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | NM | Not Meaningful |
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CFWH |
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CFWH transactions
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| No transactions in the last 6 months. | ||
More Recent News About The Center For Wound Healing, Inc.
More news for CFWH
CENTER FOR WOUND HEALING, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations: GENERAL OVERVIEW The following Management's Discussion and Analysis ("MD&A") is intended to help the reader understand our company. The MD&A is provided as a supplement to, and should be read in conjunction with, our financial statements and the accompanying notes ("Notes"). FORWARD-LOOKING INFORMATION This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "continue," or the negative of such terms or other similar expressions. Actual operations and results may differ materially from present plans and projections due to changes in economic conditions, new business opportunities, changed business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the Securities and Exchange Commission. There are several factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to, general economic, financial and bu...Click here to read the whole Article (external link)
CENTER FOR WOUND HEALING, INC. Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
CORRECTING and REPLACING The Center for Wound Healing, Inc. Announces Fiscal Year 2009 Financial Results
THE CENTER FOR WOUND HEALING, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS Â Â Â ASSETS as at JUNE 30, 2009 Â Â 2008 Â CURRENT ASSETS Cash $ 339,859 $ 55,139 Accounts receivable, net of allowance for doubtful accounts of $2,969,974 and $2,941,917 respectively 14,590...Click here to read the whole Article (external link)
CENTER FOR WOUND HEALING, INC. Files SEC form 10-Q/A, Quarterly Report
ITEM 2. Management's Discussion and Analysis or Plan of Operations: GENERAL OVERVIEW The following Management's Discussion and Analysis ("MD&A") is intended to help the reader understand our company. The MD&A is provided as a supplement to, and should be read in conjunction with, our financial statements and the accompanying notes ("Notes"). FORWARD-LOOKING INFORMATION This Quarterly Report on Form 10-QSB/A includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "continue," or the negative of such terms or other similar expressions. Actual operations and results may differ materially from present plans and projections due to changes in economic conditions, new business opportunities, changed business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the Securities and Exchange Commission. There are several factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to, general economic, financial and business conditions, changes in an...Click here to read the whole Article (external link)
The Center for Wound Healing to Restate Certain 2008 and 2009 Financial Results
TARRYTOWN, N.Y.--(BUSINESS WIRE)--The Center for Wound Healing, Inc. (OTCBB:CFWH - News), a leading operator of comprehensive wound care treatment centers that offer hyperbaric oxygen therapy as well as other advanced wound care treatment modalities, today announced that the Company’s consolidated financial statements for the quarter ended March 31, 2008 and for the year ended June 30, 2008 need to be restated as described below, and that investors should no longer rely upon those consolidated financial statements. The Company will file an amendment to the 2008 Form 10-QSB and 2008 Form 10-KSB to restate the 2008 Financial Statements as soon as practicable. The Company also announced that consolidated financial statements for the quarterly periods ended September 30, 2008, December 31, 2008 and March 31, 2009 need to be restated as described below and that investors should also no longer rely upon the 2009 Financial Statements. The need to restate the aforementioned financial statements was determined in consultation with the Company’s independent auditors as they were preparing the Form 10-KSB for the year ended June 30, 2009, the first periodic financial statement since their engagement. The Company’s former auditors also have been consulted, and concur with the restatement.The aggregate effect of the restatements will be to decrease the Company’s consolidated...Click here to read the whole Article (external link)
CENTER FOR WOUND HEALING, INC. Files SEC form 8-K, Non-Reliance on Previous Financials, Audits or Interim Review
Item 4.02 -- Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review On September 3, 2009, the Board of Directors of The Center For Wound Healing, Inc. (the "Company") concluded, based on the recommendation of management, that the Company's consolidated financial statements for the quarter ended March 31, 2008 included in the Company's Quarterly Report on Form 10-QSB ("2008 Form 10-QSB")and in the Company's Annual Report on Form 10-KSB for the year ended June 30, 2008 ("2008 Form 10-KSB")(the "2008 Financial Statements"), need to be restated as described below and that investors should no longer rely upon those consolidated financial statements. The Company will file an amendment to the 2008 Form 10-QSB and 2008 Form 10-KSB to restate the 2008 Financial Statements as soon as practicable. The Company's Board of Directors also concluded, based on the recommendation of management, that the Company's consolidated financial statements for the quarterly periods ended September 30, 2008, December 31, 2008 and March 31, 2009 (the "2009 Financial Statements") included in its quarterly reports filed on Forms 10-Q for quarterly and year-to-date periods ("2009 Forms 10-Q"), need to be restated as described below and that investors should also no longer rely upon the 2009 Financial Statements. During the preparation of its consolidated financial statements for the fiscal year ended June 30, 2009, the Company discovered that the initial recording of a financing transaction entered into on March 31, 2008 had incorrectly accounted for certain elements of the transaction related to the pricing of warrants to purchase shares of the Company's common stock, the amortization of costs associated with such financing, and the issuance of appropriate number of warrants to a former debt holder and to Bison Capital Equity Partners II-A, L.P. and Bison Capital Equity Partners II-B, L.P. (collecti...Click here to read the whole Article (external link)
CENTER FOR WOUND HEALING, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Other Events
Show all filings for CENTER FOR WOUND HEALING, INC. | Request a Trial to NEW EDGAR Online Pro Form 8-K for CENTER FOR WOUND HEALING, INC. 10-Jun-2009Change in Directors or Principal Officers, Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provi...Click here to read the whole Article (external link)
CENTER FOR WOUND HEALING, INC. Files SEC form 10-Q, Quarterly Report
ITEM 2. Management's Discussion and Analysis or Plan of Operations: GENERAL OVERVIEW The following Management's Discussion and Analysis ("MD&A") is intended to help the reader understand our company. The MD&A is provided as a supplement to, and should be read in conjunction with, our financial statements and the accompanying notes ("Notes"). FORWARD-LOOKING INFORMATION This Quarterly Report on Form 10-Q includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," "should," "could," "would," "expect," "plan," "anticipate," "believe," "estimate," "continue," or the negative of such terms or other similar expressions. Actual operations and results may differ materially from present plans and projections due to changes in economic conditions, new business opportunities, changed business conditions, and other developments. Other factors that could cause results to differ materially are described in our filings with the Securities and Exchange Commission. There are several factors that could cause actual results or events to differ materially from those anticipated, and include, but are not limited to, general economic, financial and business conditions, changes in and co...Click here to read the whole Article (external link)
