On Wednesday, InfuSystem Holdings Inc (NYSEMKT:INFU)’s shares declined -9.06% to $2.91.
InfuSystem Holdings Inc (INFU) stated financial results for the quarter ended March 31, 2015.
Highlights for the first quarter of 2015 comprised of:
- Net Revenues totaled $16.7 million as compared to first quarter 2014 net revenues of $17.2 million, which benefited from an opportunistic pump sale of about $0.9 million in the first quarter of 2014.
- Net Collected Rental Revenues raised 12% over last year’s comparable quarter.
- Bad debt reduced 43% due as a result of raised focus on new payor contracts and focus on patient collections.
- Gross margin improved 224 basis points to 72.3%.
- Investment of about $0.4 million to expand information technology capabilities and pain administration initiatives.
InfuSystem Holdings Inc., through its auxiliaries, provides infusion pumps, and related products and services in the United States and Canada. It supplies electronic ambulatory infusion pumps and associated disposable supply kits to oncology clinics, infusion clinics, hospital outpatient, and chemotherapy clinics for the treatment of various cancers, counting colorectal cancer, pain administration, and other disease states.
22nd Century Group Inc (NYSEMKT:XXII)’s shares dropped -9.01% to $1.01.
22nd Century Group Inc (XXII) declared that the Company filed its first quarter 2015 report on Form 10-Q with the U.S. Securities and Exchange Commission and will provide a business update for investors on a conference call to be held Tuesday, May 12th at 10:00 AM (EDT).
Henry Sicignano III, President and Chief Executive Officer of 22nd Century Group, together with John T. Brodfuehrer, Chief Financial Officer, will conduct the call. Interested parties are invited to take part in the call by dialing: 877-852-6583 and using Conference ID 7352193.
22nd Century Group, Inc., a plant biotechnology company, focuses on tobacco harm reduction and smoking cessation products produced from modifying the nicotine content in tobacco plants through genetic engineering and plant breeding.
At the end of Wednesday’s trade, Real Goods Solar, Inc. (NASDAQ:RGSE)‘s shares dipped -9.10% to $0.182.
Real Goods Solar, Inc. (RGSE) filed its quarterly report on Form 10-Q.
Restructuring and Business Climate Effect on 1st Quarter Results
As formerly revealed, the company’s first quarter of 2015 operating results were affected by inclement weather on the East Coast, where the company has its largest concentration of backlog, and by limited access to equipment to convert backlog to revenue. The limited access to equipment arose from the company’s recent financial and cash operating losses and resulting untimely payments to vendors. The company took actions to address these circumstances, counting securing new financing of up to $11.5 million, extending its bank facility on improved terms, and reducing its fixed cash operating infrastructure costs.
As a result of the company’s actions to improve its financial condition, counting using proceeds received from a capital raise to reduce its accounts payable, the company has regained access to the solar panels it needs to convert its backlog to revenue, starting with the start of the second quarter of 2015. In April, residential segment revenue was $4.0 million, as contrast to $6.9 million for the entire first quarter of 2015. The strong revenue growth in April is primarily due to the access to panels in addition to improved weather conditions.
Real Goods Solar, Inc. operates as a residential and commercial solar energy engineering, procurement, and construction company in the United States. It operates in three segments: Residential, Sunetric, and Other.
Contango Oil & Gas Company (NYSEMKT:MCF), ended its Wednesday’s trading session with -8.95% loss, and closed at $16.98.
Contango Oil & Gas Company (MCF) declared recently its financial results for the three months ended March 31, 2015 and offered an operational update.
First Quarter 2015 Highlights
Production of 8.7 Bcfe for the quarter
Net loss of $18.6 million and Adjusted EBITDAX of $14.0 million for the quarter
Commenced production from initial multi-well pad drilled on 500 foot spacing in our Chalktown area
Commenced production from third well in our Elm Hill Project, with two additional wells predictable to start production in the second quarter
Commenced initial flowback on first Mowry Shale test in Natrona County, Wyoming
Borrowing base redetermined at $225 million, through November 1, 2015
Contango Oil & Gas Company, an independent energy company, acquires, explores, develops, exploits, and produces crude oil and natural gas properties offshore in the shallow waters of the Gulf of Mexico, and in the onshore Texas Gulf Coast and Rocky Mountain regions in the United States.
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