Finance

NCS HealthCare reports first quarter financial results

Published in Health and Medicine Week, December 16th, 2002

NCS HealthCare, Inc., (NCSS) announced that for the 3 months ended September 30, 2002, revenues increased 3.7% to $163,753,000 from $157,836,000 recorded in the first quarter of the previous fiscal year.

Net loss for the quarter was $3,313,000 or $0.14 per diluted share as compared with net loss of $227,295,000 or $9.58 per diluted share for the first quarter of the previous fiscal year.

The prior year results reflect the adoption effective July 1, 2001 of Statement of Financial Accounting Standards No. 142, "Goodwill and Other Intangible Assets." Accordingly, during the first quarter of the previous fiscal year, NCS recorded a noncash charge of...

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Source: Health and Medicine Week (2002-12-16)

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