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BPO Management Services, Inc. (HAXS) news stock charts

BPO Management Services, Inc. (HAXS/HAXS.OB) Investment Summary:

BPO Management Services, Inc. provides business process outsourcing (BPO) services to the middle market enterprises in North America. The company?s Human Resources Outsourcing division offers BPO services to support customers? human resources administrative functions. This division?s services include a robust human resource information management system, HR Advocate, and professional services related to the installation, and ongoing administration and maintenance of the system. Its Enterprise Content Management division provides services related to data and records management of enterprises and governmental agencies. It offers imaging and data capture solutions, workflow and electronic forms solutions, document collaboration technology, eReview collaborative software products for Web-based conferencing and document sharing, and WebWorks software for project-based document and team management solutions, as well as provides process management/workflow solution for financial service providers. The company?s Information Technology Outsourcing (ITO) division offers data center outsourcing services for middle-market enterprises, including enterprise-scale mainframe/server hosting, wide-area network management, and business recovery solutions. This division supports, hosts, and manages information technology infrastructure components, networks, and applications; offers remote managed services to support other business application servers, networks, and related desktop environment; and provides hosting and managed application support services. Its Healthcare Administration, and Financial and Accounting Outsourcing division provides integrated solutions and services for health benefit administrators and health insurance claim processors. The company was founded in 2005 and is based in Anaheim, California.
www.bpoms.com
290 Employees
Founded in 2005

BPO MANAGEMENT SERVICES INC (HAXS:OTC Bulletin Board Market)

LAST $0.07 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
As of 8:10 PM 03/15/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of BPO MANAGEMENT SERVICES INC (HAXS)

OPEN
$0.09
PREVIOUS CLOSE
$0.07
DAY HIGH
$0.09
DAY LOW
$0.07
52 WEEK HIGH
09/21/09 - $0.40
52 WEEK LOW
05/29/09 - $0.03
MARKET CAP
1.1M
AVERAGE VOLUME 10 D
1.7K
EPS TTM
$-0.69
SHARES OUTSTANDING
15.1M
HAXS Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for BPO MANAGEMENT SERVICES INC (HAXS)

BPO Management Services Inc. Announces Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended September 30, 2009

BPO Management Services Inc. announced unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's total revenues were $6,097,932 against $3,743,312 a year ago. Loss from operations was $3,882,232 against $1,066,717 a year ago. Loss before income taxes was $4,011,830 against $1,106,818 a year ago. Loss from continuing operations was $4,011,830 or $0.27 per basic and diluted share against $1,126,318 or $0.09 per basic and diluted share a year ago. Net loss was $4,215,684 or $0.28 per basic and diluted share against $1,862,406 or $0.15 per basic and diluted share a year ago. For the nine months, the company's total revenues were $19,572,447 against $11,166,690 a year ago. The change was also primarily due to the addition of the Healthcare business segment offset by decreases in the company's base business from professional services declines combined with a net drop in data center revenues as revenues from new customers have not yet exceeded declines from legacy customers. Loss from operations was $7,367,447 against $2,767,603 a year ago. Loss before income taxes was $7,772,235 against $2,902,485 a year ago. Loss from continuing operations was $7,787,835 or $0.51 per basic and diluted share against $2,966,437 or $0.24 per basic and diluted share a year ago. Net loss was $10,730,010 or $0.70 per basic and diluted share against $4,565,811 or $0.37 per basic and diluted share a year ago.

BPO Management Services Inc. Announces Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2009

BPO Management Services Inc. announced consolidated financial results for the second quarter and six months ended June 30, 2009. For the quarter, the company's revenue increased 68% to $6.6 million from $3.9 million in the same quarter last year. The loss from operations for the quarter was $2.2 million, compared to $425,000 in the prior-year second quarter. The second quarter operating loss includes non-cash expenses, including depreciation and amortization of $1.0 million and the bad debt and restructuring charges. The net loss for the quarter was $5.0 million or $0.33 loss per basic and diluted share, which includes a loss from discontinued operations of $2.7 million, compared to a net loss of $931,000 or $0.08 loss per basic and diluted share in the second quarter last year. Loss before income taxes for the quarter was $2.35 million against $0.5 million for the same quarter last year. Loss from continuing operations for the quarter was $2.4 million against $0.5 million for the same quarter last year. Revenue for the six months ended June 30, 2009 increased by 82% to $13.5 million, compared to $7.4 million for the same period last year. The higher revenues in 2009 were due primarily to the addition of Healthcare segment from the Healthaxis merger. The loss from operations for the first six months of 2009 was $3.50 million, compared to $1.70 million in the prior-year period. Including the loss from discontinued operations of $2.7 million, the net loss for the six-month period was $6.50 million or $0.43 loss per basic and diluted share, compared to a net loss of $2.70 million or $0.2 loss per basic and diluted share for the last year. Loss before income taxes for the six months period was $3.76 million against $1.8 million for the same period last year. Loss from continuing operations for the six months period was $3.8 million against $1.84 million for the same period last year.

BPO Management Services Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2009

BPO Management Services Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2009. The Company increased total revenue by 41.2% to $10.3 million, inclusive of the new contribution of $3.6 million from its merger with Healthaxis, compared to $7.3 million for the first quarter last year, a period which included no contribution from Healthaxis. For the quarter, the company reported loss from operations of $1,304,759, net loss before income tax expense of $1,467,471, net loss of $1,475,271, or $0.10 per basic and diluted share, compared to loss from operations of $1,655,807, net loss before income tax expense of $1,727,620, net loss of $1,727,620, or $0.14 per basic and diluted share for the same period a year ago.

BPO Management Services, Inc. financial resources

otc, otcbb, pinksheet, HAXS, ob BPO Management Services, Inc.

HAXS Competitors

Company Last Change
Accenture PLC $42.00 USD -0.50
International Business Machines Corp $128.67 USD +0.84
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Industry Analysis

Valuation HAXS Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful

HAXS

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HAXS transactions

Type
Date
Target
Merger/Acquisition
January 29, 2010
Healthaxis, Ltd.

More Recent Financial News About BPO Management Services, Inc.

BPO MANAGEMENT SERVICES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisiti

Quote: ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On January 29, 2010, BPO Management Services, Inc. (the "Company"), Healthaxis.com, Inc., a Pennsylvania corporation and wholly owned subsidiary of the Company, Healthaxis Managing Partner, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company, Healthaxis Limited Partner, LLC, a Delaware limited liability company and wholly owned subsidiary of the Company ("Limited Partner") and Healthaxis, ...
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BPO Management Services Announces Financial Results for Third Quarter 2009

Quote: The financial statements reflect the merger of BPO Management Services and Healthaxis, Inc., which was completed on December 30, 2008 and the presentation of the Canadian operations as discontinued operations as of June 30, 2009.Operational HighlightsPatrick Dolan, chief executive officer, said, "We have recently been awarded several new business contracts in our ITO segment and are moving several other significant opportunities forward that we expect to close in the coming months. This new busi...
Read article

BPO MANAGEMENT SERVICES, INC. Files SEC form 8-K, Changes in Registrant's Certifying Accountant, Change in Directors

Quote: ITEM 4.01: Changes in Registrant's Certifying Accountant. BPO Management Services, Inc. (the "Company") was notified that, effective January 1, 2010, certain partners of Moore Stephens Wurth Frazer and Torbet, LLP ("MSWFT") and Frost, PLLC ("Frost") formed Frazer Frost, LLP ("Frazer Frost"), a new partnership. Pursuant to the terms of a combination agreement by and among MSWFT, Frazer Frost and Frost (the "Combination Agreement"), each of MSWFT ...
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BPO MANAGEMENT SERVICES, INC. Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and

Quote: ITEM 5.02: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On May 6, 2009, BPO Management Services, Inc. (the "Company") and BPOMS, Inc., a wholly-owned subsidiary of the Company ("Former BPOMS"), entered into an Employment Separation Agreement with Donald W. Rutherford, the Company's Chief Financial Officer. Under the terms of the agreement, the Company, Former BPOMS and Mr....
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BPO MANAGEMENT SERVICES, INC. Files SEC form 10-Q, Quarterly Report

Quote: Legacy Healthaxis changed its name to "BPO Management Services, Inc." upon the closing of the Merger ("BPOMS"). Immediately following the closing of the Merger, Legacy BPOMS' pre-Merger shareholders held approximately 75% of BPOMS' shares, and Legacy Healthaxis' pre-Merger shareholders retained approximately 25% of BPOMS' shares, all on a fully diluted, as-converted basis. Notwithstanding the fact that Legacy Healthaxis was the legal acquirer under the Merger and remains the ...
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BPO MANAGEMENT SERVICES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of Acquisiti

Quote: Under the terms of the Agreement, Former BPOMS has agreed to sell all of the issued and outstanding capital stock of BPO Management Services, Ltd., an Ontario corporation ("BPOMS, Ltd."), and all inter-Company debt owed by BPOMS, Ltd., to the Buyer. BPOMS, Ltd. is the operating subsidiary in which all of the Company's Canadian operations are maintained and represents a substantial component of our ECM business. The total purchase price payable to Former BPOMS from the Buyer at closing ...
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BPO MANAGEMENT SERVICES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements

Quote: BPO MANAGEMENT SERVICES, INC.Request a Trial to NEW EDGAR Online Pro Form 8-K for BPO MANAGEMENT SERVICES, INC. 18-May-2009Results of Operations and Financial Condition, Financial Statements Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liab...
Read article

BPO MANAGEMENT SERVICES, INC. Files SEC form 10-Q, Quarterly Report

Quote: Legacy Healthaxis changed its name to "BPO Management Services, Inc." upon the closing of the Merger ("BPOMS"). Immediately following the closing of the Merger, Legacy BPOMS' pre-Merger shareholders held approximately 75% of BPOMS' shares, and Legacy Healthaxis' pre-Merger shareholders retained approximately 25% of BPOMS' shares, all on a fully diluted, as-converted basis. Notwithstanding the fact that Legacy Healthaxis was the legal acquirer under the Merger and remains the ...
Read article

BPO Management Services Announces Financial Results for Third Quarter 2009

Quote: The financial statements reflect the merger of BPO Management Services and Healthaxis, Inc., which was completed on December 30, 2008 and the presentation of the Canadian operations as discontinued operations as of June 30, 2009.Operational HighlightsPatrick Dolan, chief executive officer, said, "We have recently been awarded several new business contracts in our ITO segment and are moving several other significant opportunities forward that we expect to close in the coming months. This new busi...
Read article

BPO MANAGEMENT SERVICES, INC. Files SEC form 10-Q, Quarterly Report

Quote: Legacy Healthaxis changed its name to "BPO Management Services, Inc." upon the closing of the Merger ("BPOMS"). Immediately following the closing of the Merger, Legacy BPOMS' pre-Merger shareholders held approximately 75% of BPOMS' shares, and Legacy Healthaxis' pre-Merger shareholders retained approximately 25% of BPOMS' shares, all on a fully diluted, as-converted basis. Notwithstanding the fact that Legacy Healthaxis was the legal acquirer under the Merger and remains the ...
Read article

BPO MANAGEMENT SERVICES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements

Quote: BPO MANAGEMENT SERVICES, INC.Request a Trial to NEW EDGAR Online Pro Form 8-K for BPO MANAGEMENT SERVICES, INC. 17-Aug-2009Results of Operations and Financial Condition, Financial Statements Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liab...
Read article

BPO MANAGEMENT SERVICES, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements

Quote: BPO MANAGEMENT SERVICES, INC.Request a Trial to NEW EDGAR Online Pro Form 8-K for BPO MANAGEMENT SERVICES, INC. 16-Nov-2009Results of Operations and Financial Condition, Financial Statements Privacy PolicyTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is liab...
Read article

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