InfuSystem Holdings, Inc. Reports First Quarter 2015 Financial Results
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Infusystem Hldgs, Inc. (INFU) Misses Q1 EPS by 3c
May 12, 2015 4:34 PM EDTInfusystem Hldgs, Inc. (NYSE: INFU) reported Q1 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $16.7 million, versus $17.2 million reported last year.
Eric K. Steen, chief executive officer of InfuSystem, said, "We got off to a good start in the first quarter of 2015. Net revenues for the quarter were solid at $16.7 million and we are pleased with the 12% increase in Net Collected Rental Revenue which is associated with the decrease in bad debt of 43%, or $913,000. Gross profit for the quarter increased 224 basis points to 72.3%. Adjusted EBITDA was... More
