instacare Corp. is in the StockGuru Spotlight for November 19, 2009
Written by Editor on November 19, 2009
DALLAS, TEXAS : StockGuru announces that instacare Corp. (OTCBB: ISCR) is in the StockGuru Spotlight. Instacare Corp., together with its subsidiaries, distributes prescription drug, prescription diagnostics, and home testing products through various medical distribution channels in the healthcare industry. The company offers bulk prescription drugs on a wholesale basis; pharmaceutical and healthcare supplies, including diabetes diagnostics and supplies, such as diabetic testing strips and associated diagnostic products; and Internet pharmacy/prescription fulfillment, as well as a range of ostomy, wound care, and post-surgery medical products.
On Wednesday, the company put out news announcing the financial results for the third quarter period-ended September 30, 2009. For the third quarter ended September 30, 2009 the company reported revenues of $4,491,831 vs. $3,439,271 for the same period in 2008. Through the first three quarters of 2009, instaCare reported revenues of $14,669,886 vs. $9,257,347 for the same period in 2008, a gain of 58%. The increase in revenues was due primarily to surging sales from the company’s sale of at-home medical diagnostic and medical disposable products for patients with chronic diseases. The Company reported an operating profit of $161,967 during the third quarter of 2009 compared with an operating profit of $51,195 recorded during the third quarter 2008, a gain of 316%. Operating profit for the first nine months of 2009 was $1,636,610 vs. an operating loss of $16,775 for the same period in 2008. instaCare had cash, accounts, inventory and equivalents of $3,460,141 as of September 30, 2009 vs. $2,856,791 for the same period in 2008.
Shares for instacare Corp. (OTCBB: ISCR) were up during the late afternoon of trading on Wednesday and closed slightly up at closing.
To view our StockGuru Spotlight on instacare Corp. (OTCBB: ISCR), please visit:
http://www.stockguru.com
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