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InfuSystems Holdings Inc

InfuSystems Holdings Inc (INFU)

6.72
-0.13
(-1.90%)
Closed July 18 4:00PM
6.72
0.00
( 0.00% )
Pre Market: 4:00AM

Empower your portfolio: Real-time discussions and actionable trading ideas.

Key stats and details

Current Price
6.72
Bid
-
Ask
-
Volume
-
0.00 Day's Range 0.00
6.25 52 Week Range 11.4437
Market Cap
Previous Close
6.72
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
50,800
Shares Outstanding
21,295,254
Dividend Yield
-
PE Ratio
164.30
Earnings Per Share (EPS)
0.04
Revenue
125.79M
Net Profit
872k

About InfuSystems Holdings Inc

InfuSystems Holdings Inc is a United States based healthcare service provider. It offers Infusion pumps and related products and services for patients in the home, oncology clinics, ambulatory surgery centers, and other sites of care from the locations in the United States and Canada. The company pr... InfuSystems Holdings Inc is a United States based healthcare service provider. It offers Infusion pumps and related products and services for patients in the home, oncology clinics, ambulatory surgery centers, and other sites of care from the locations in the United States and Canada. The company provides products and services to hospitals, oncology practices and chemotherapy clinics for the treatment of various cancers, including colorectal cancer, pain management, and other disease states. The segments of the company are Integrated Therapy Services (ITS) and Durable Medical Equipment (DME) services, of which key revenue is derived from the ITS segment. Show more

Sector
Surgical,med Instr,apparatus
Industry
Blank Checks
Headquarters
Dover, Delaware, USA
Founded
2007
InfuSystems Holdings Inc is listed in the Surgical,med Instr,apparatus sector of the American Stock Exchange with ticker INFU. The last closing price for InfuSystems was $6.72. Over the last year, InfuSystems shares have traded in a share price range of $ 6.25 to $ 11.4437.

InfuSystems currently has 21,295,254 shares outstanding. The market capitalization of InfuSystems is $143.10 million. InfuSystems has a price to earnings ratio (PE ratio) of 164.30.

INFU Latest News

InfuSystem to Present at Sidoti Small Cap Conference on June 12, 2024

Investor Presentation to be held at 8:30 a.m. Eastern Time InfuSystem Holdings, Inc. (NYSE American: INFU) (“InfuSystem” or the “Company”), a leading national health care service provider...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.26-3.724928366766.987.016.705635066.89431391CS
40.284.347826086966.447.16.28508316.74974855CS
12-0.95-12.38591916567.678.196.25508006.8939127CS
26-2.34-25.82781456959.0610.036.25455207.9071944CS
52-3.9-36.723163841810.6211.44376.25434308.95838686CS
156-11.12-62.33183856517.8420.596.17062010.52737844CS
2602.2349.66592427624.4923.264.287735112.1073212CS

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INFU Discussion

View Posts
Monksdream Monksdream 1 month ago
INFU under $10
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whytestocks whytestocks 5 years ago
News: $INFU InfuSystem to Present at the LD Micro Invitational on June 4, 2019

MADISON HEIGHTS, MICHIGAN, May 22, 2019 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE American: INFU) (“InfuSystem” or the “Company”), a leading national provider of infusion pumps and related services for the healthcare industry in the United States and Ca...

Find out more https://marketwirenews.com/news-releases/infusystem-to-present-at-the-ld-micro-invitational-on-june-4-2019-8228064.html
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whytestocks whytestocks 5 years ago
News: $INFU InfuSystem Holdings, Inc. Reports First Quarter 2019 Financial Results

MADISON HEIGHTS, Michigan, May 14, 2019 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE American LLC: INFU) (“InfuSystem” or the “Company”), a leading national provider of infusion pumps and related services for the healthcare industry in the United States an...

Got this from https://marketwirenews.com/news-releases/infusystem-holdings-inc-reports-first-quarter-2019-financial-results-8179920.html
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ValueInvestor15 ValueInvestor15 7 years ago
Multiple valuation analyses imply InfuSystem $INFU is highly undervalued... earnings Wednesday:

Fair Value Analysis
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willlbone willlbone 8 years ago
Lawsuits after the bell. Five year low is 75 cents.
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willlbone willlbone 8 years ago
Who put the F U in INFU?
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wholelotamoney wholelotamoney 8 years ago
$INFU - Nice bottom bounce!
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stocktrademan stocktrademan 9 years ago
$INFU recent news/filings

bearish

## source: finance.yahoo.com

Tue, 12 May 2015 20:15:03 GMT ~ INFUSYSTEM HOLDINGS, INC Files SEC form 10-Q, Quarterly Report


read full: http://biz.yahoo.com/e/150512/infu10-q.html
*********************************************************

Tue, 12 May 2015 20:00:00 GMT ~ InfuSystem Holdings, Inc. Reports First Quarter 2015 Financial Results

[PR Newswire] - MADISON HEIGHTS, Mich., May 12, 2015 /PRNewswire/ -- InfuSystem Holdings, Inc. (NYSE MKT: INFU) ("InfuSystem" or the "Company"), a leading national provider of infusion pumps and related ...

read full: http://finance.yahoo.com/news/infusystem-holdings-inc-reports-first-200000010.html
*********************************************************

Tue, 12 May 2015 11:07:05 GMT ~ Q1 2015 InfuSystem Holdings Inc Earnings Release - After Market Close


read full: http://biz.yahoo.com/research/earncal/20150512.html?t=infu
*********************************************************

Fri, 08 May 2015 00:09:47 GMT ~ 10-K for InfuSystem Holdings, Inc.


read full: http://www.companyspotlight.com/routers/headline/28665/10004/6506441?cp_code=YAH1&1431043787
*********************************************************

Tue, 05 May 2015 13:41:33 GMT ~ InfuSystem Holdings, Inc. to Issue First Quarter Financial Results on Tuesday, May 12, 2015

[at noodls] - Download PDF Investor Conference Call to be Held at 4:30 p.m. Eastern Time MADISON HEIGHTS, Mich., May 5, 2015 /PRNewswire/ -- InfuSystem Holdings, Inc. (NYSE MKT: INFU), a leading national provider of ...

read full: http://www.noodls.com/view/BF82D65E5E5F519FC6BAB156A50B263E69102AF0
*********************************************************

$INFU charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$INFU company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/INFU/company-info
Ticker: $INFU
OTC Market Place: Not Available
CIK code: 0001337013
Company name: InfuSystems Holdings, Inc.
Incorporated In: DE, USA

Business Description:

$INFU share structure

## source: otcmarkets.com

Market Value: $64,918,495 a/o May 13, 2015
Shares Outstanding: 22,308,761 a/o Mar 02, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.0001

$INFU extra dd links

Company name: InfuSystems Holdings, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/INFU/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/INFU/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=INFU+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=INFU+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=INFU+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/INFU/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/INFU/news - http://finance.yahoo.com/q/h?s=INFU+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/INFU/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/INFU/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/INFU/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/INFU/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/INFU/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/INFU/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/INFU/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/INFU/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=INFU+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/INFU
DTCC (dtcc.com): http://search2.dtcc.com/?q=InfuSystems+Holdings%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=InfuSystems+Holdings%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=InfuSystems+Holdings%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/INFU/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/INFU
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/INFU/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/INFU/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/INFU/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001337013&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/INFU/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/INFU/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/INFU/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/INFU/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=INFU&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=INFU
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/INFU/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=INFU+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=INFU+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=INFU
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=INFU
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=INFU+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/INFU/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=INFU+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/INFU.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=INFU
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/INFU/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/INFU/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/INFU/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/INFU/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/INFU
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/INFU
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/INFU:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=INFU
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=INFU



$INFU DD Notes ~ http://www.ddnotesmaker.com/INFU
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Marzoli Marzoli 9 years ago
Over $3 now!!
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Marzoli Marzoli 9 years ago
Check out the new 8K!
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Marzoli Marzoli 9 years ago
MOVING UP!!
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Transparency Transparency 9 years ago
InfuSystems Q4 Earnings Up on Weaker Revenues

04:17 PM EDT, 03/09/2015 (MT Newswires) -- InfuSystems Holdings(INFU) , a provider of infusion pumps and related services, reported Monday a year-over-year increase in its Q4 2014 earnings on lower revenues versus the comparable period in 2013.

The company reported a net income for the quarter of $0.05 per share, up 25% from $0.04 per share in Q4 2013. Analyst estimates called for earnings of $0.05 per share, according to Capital IQ.

Revenues were $16.3 million, down slightly from $17.2 million reported for the same period last year and below expectations of $17.2 million.

For full year 2015, the company expects revenue to grow in the high single digit.

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Marzoli Marzoli 9 years ago
MARCH 9, 2015 Report!!
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Hotpenny25 Hotpenny25 10 years ago
NEWS NEWS NEWS
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Hotpenny25 Hotpenny25 10 years ago
This is going to keep going up. Financials are looking great and it it undervalued. My target range is from $6-$8 a share in the upcoming months.
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Jayboom05 Jayboom05 10 years ago
hopefully above 3.70 then to 4 buy the end of the week, but every time its goes up a bit someone is out there dumping
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CantMiss26 CantMiss26 10 years ago
Where do you see this bad boy going? I see a positive outlook rating from Etrade.
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Jayboom05 Jayboom05 10 years ago
I'm in here just got in at 3.52
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SHADK SHADK 10 years ago
Anyone out there??? This board is dead
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solidc57 solidc57 11 years ago
Barchart Opinion 100% buy. http://www.barchart.com/opinions/stocks/INFU
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The Night Stalker The Night Stalker 11 years ago
im no longer in but i think its ok to bet big on these plays
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The Night Stalker The Night Stalker 11 years ago
great investment
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The Night Stalker The Night Stalker 11 years ago
target is 3 to 6
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The Night Stalker The Night Stalker 11 years ago
2.20
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DayTraderWoody DayTraderWoody 11 years ago
another 52 week high 2.15
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The Night Stalker The Night Stalker 11 years ago
powerful chart
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The Night Stalker The Night Stalker 11 years ago
in breakout mode
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The Night Stalker The Night Stalker 11 years ago
in INFU
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Mkoch3 Mkoch3 11 years ago
http://m.seekingalpha.com/article/1563002-all-systems-go-for-infusystem-mbo?source=yahoo
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Mkoch3 Mkoch3 11 years ago
http://www.sec.gov/Archives/edgar/data/1337013/000119312513295048/d568811dex991.htm
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10 bagger 10 bagger 12 years ago
InfuSystem Holdings, Inc. Announces Preliminary, Unaudited Fourth Quarter and Full Year 2011 Revenue

INFU.. $1.98.. Fourth Quarter Revenue Driven by 7% Organic Growth

Full Year Revenue Increased 16% Over 2010

Company is Successfully Executing on Long-Term Business Strategy to Deliver Growth and Value Creation

MADISON HEIGHTS, Mich., Feb. 6, 2012 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU), the leading provider of infusion pumps and related services, today reported preliminary, unaudited revenue results for the fourth quarter and fiscal year ended December 31, 2011.

Fourth Quarter 2011 Highlights

Revenues of $14.0 million, compared to $13.1 million in the prior year period; a 7% year-over-year quarterly increase
Second highest quarterly revenue in Company history, only slightly off third quarter 2011 record
17th straight quarter of year-over-year revenue growth
Full Year 2011 Highlights

Record revenues of $54.6 million, compared to $47.2 million in 2010; a 16% year-over-year increase and the fourth consecutive year of revenue growth
"InfuSystem has delivered solid growth and improving financial results through the successful execution of our strategic plan," said Sean McDevitt, Chairman and Chief Executive Officer of InfuSystem. "Despite tremendous headwinds, including the recent oncology drug shortage, revenues increased 16% year-over year. InfuSystem has now delivered increased revenues for 17 consecutive quarters."

"Importantly, our improving financial results are driven by strong organic growth," added McDevitt. "We have built a solid business with broad product and service offerings, allowing InfuSystem to grow with new and existing customers while expanding into new markets. Today, InfuSystem is well-positioned for long-term success and stockholder value creation."

Results are preliminary and subject to audit. The Company will announce its full audited results on Thursday, March 8, 2012 and will host a live conference call and webcast at 10AM Eastern Time. To participate in the call, you may dial toll-free (800) 447-0521. Please use passcode 31586969. Alternatively, to hear the webcast in listen-only mode, or to view the financial results, please visit the Investors section of the Company's website at http://www.Infusystem.com/. A replay of the webcast will be available via the website for 30 days following the call.

About InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc. is the leading provider of infusion pumps and related services to hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, the company delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada. The company's stock is traded on the NYSE Amex under the symbol INFU.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially form those predicted by such forward-looking statements. These risks and uncertainties include general economic conditions, as well as other risks, detailed from time to time in the company's publicly filed documents.

Additional information about InfuSystem Holdings, Inc. is available at www.infusystem.com.

CONTACT: INVESTOR CONTACT:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
Tel: (800) 962-9656

MEDIA CONTACT:
David Haar
Info@InfuSystem.com
Tel: (800) 962-9656
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EOSS EOSS 13 years ago
Whats with this?
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$tockfather $tockfather 13 years ago
INFU Nice move here as of late. What's your thoughts on INFU going forward?

It can't make it all they way up here and not test the 200dma @ $1.98?

Next week is gonna be interesting.imo



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10 bagger 10 bagger 13 years ago
INFU.. $1.20.. I-BOX UPDATED..
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pj McMulligan pj McMulligan 13 years ago
INFU pinching here with massive volume... anyone adding?

👍️0
10 bagger 10 bagger 13 years ago
INFU.. $1.20.. InfuSystem Holdings, Inc. to Announce Third Quarter 2011 Results on November 10,
2011

MADISON HEIGHTS, Mich., Sep 20, 2011 (GlobeNewswire via COMTEX) -- InfuSystem
Holdings, Inc. (INFU) today announced it will release results for the third
quarter 2011 on Thursday, November 10, 2011. The Company will host a live
conference call and webcast at 10:00am Eastern time.

To participate in the call, you may dial toll-free (800)-447-0521. Please use
passcode 30770688. Alternatively, to hear the webcast in listen-only mode, or to
view the financial results, please visit the Investors section of the Company's
website at http://www.infusystem.com/investors. A replay of the webcast will be
available via the website for 30 days following the call.

About InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc. is the leading provider of infusion pumps and related
services to hospitals, oncology practices and other alternate site healthcare
providers. Headquartered in Madison Heights, Michigan, the company delivers
local, field-based customer support, and also operates Centers of Excellence in
Michigan, Kansas, California, and Ontario, Canada. The company's stock is traded
on the NYSE Amex under the symbol INFU.

This news release was distributed by GlobeNewswire, http://www.globenewswire.com

SOURCE: InfuSystem, Inc.
CONTACT: INVESTOR CONTACT:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
Tel: (800) 962-9656
MEDIA CONTACT:
David Haar
Info@InfuSystem.com
Tel: (800) 962-9656


(C) Copyright 2010 GlobeNewswire, Inc
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10 bagger 10 bagger 13 years ago
No updates to report since last post....
👍️0
10 bagger 10 bagger 13 years ago
INFU..

No updates to report since last post....
👍️0
10 bagger 10 bagger 13 years ago
INFU.. $1.49 InfuSystem Launches Patient Education Videos

MADISON HEIGHTS, Mich., Aug. 19, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU), the leading provider of infusion pumps and associated products and services, has announced the availability of new patient education videos. Written and produced by InfuSystem, the videos help introduce new patients to the basics of infusion pump therapy. InfuSystem is the first and only infusion pump service provider to offer patients and practices this type of resource.

The videos, which were designed in consultation with oncology professionals at dozens of InfuSystem's customer sites, are carefully crafted to support and supplement the educational training oncology nurses currently provide. Each video is specific to a unique pump model and covers basic clinical information such as clamping a line or changing pump batteries, as well as answering frequently asked questions about sleeping, bathing, insurance coverage and more.

The videos are available as integrated elements of InfuSystem's soon-to-be-released electronic paperwork system, as well as on DVD. Patients and caregivers can also view the videos at any time at https://www.infusystem.com/education.

InfuSystem will be releasing additional patient education videos over the next several weeks and will also be releasing all videos in Spanish beginning in the Fall of 2011.

"These videos are an outstanding addition to the training my nurses do with each and every patient that goes on an ambulatory infusion pump," said Robin Wachsman, RN, BS, CCRN, OCN, Vice President, Clinical Services, West Clinic, Memphis, TN. "Each video answers all the most frequently asked questions. And I especially like that they are available online for patients to view and review at home with a caregiver."

"We are continuously focused on providing the best service and educational resources for our customers and their patients. Our patient education videos are a great supplement to the training oncology nurses already provide. We're delighted to be able to share our 25 years of experience with patients and caregivers who are new to ambulatory infusion," said Dorothy Haddrill, Director of Clinical Support, PhD, RN, OCN®.

About InfuSystem Holdings, Inc.

InfuSystem is the leading provider of infusion pumps and related services. InfuSystem services hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, InfuSystem delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada.

CONTACT: INVESTOR CONTACT:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
800-962-9656

MEDIA CONTACT
David Haar
Senior Vice President Sales & Marketing
Info@InfuSystem.com
800-962-9656
Source: InfuSystem, Inc.
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10 bagger 10 bagger 13 years ago
INFU.. $1.64.. earnings..

InfuSystem Holdings, Inc. Reports $13.1 Million of Revenues and $3.8 Million of Adjusted EBITDA for the Second Quarter of 2011

Revenues for the quarter increased 25% year over year
Adjusted EBITDA for the quarter increased to $3.8 million
Fifteenth straight quarter of year over year growth
MADISON HEIGHTS, Mich., Aug. 11, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU), the leading provider of infusion pumps and related services, today reported results for the second quarter ended June 30, 2011.

Revenues for the second quarter of fiscal 2011 were $13.1 million compared with $10.5 million for the prior year, up 25 percent. Adjusted EBITDA for the second quarter of fiscal 2011 was $3.8 million, versus $3.2 million a year ago.

Asset impairment charges 43,668 (This put all goodwill ill's behind them and profits $821K pre tax are from continued clean assets and operation's during this period..)

Mr. Sean McDevitt, Chief Executive Officer and Chairman, commented, "We performed well against many of our internal business metrics this past quarter to achieve our growth of 25% year over year. On a quarter over quarter basis, we were slightly below our targeted growth due to the unanticipated impact of the nationwide generic oncology drug shortage. Specifically, we experienced lower growth this past quarter primarily due to the prolonged shortage of Leucovorin which meaningfully limited oncologists' ability to prescribe our pumps. Drug shortages that affect InfuSystem are not uncommon, and are typically brief and minor in nature. It has been more than ten years since a shortage has had a meaningful impact on our business and, based on manufacturers' estimates of when supplies will become widely available, we expect the impacts of the current shortages on InfuSystem to work themselves out by late Q3/early Q4. If not for the Leucovorin shortage, we believe that we would have exceeded our internal revenue growth targets."

Mr. McDevitt continued, "I am very encouraged that in every respect, our aggressive growth in the number of significant new account wins has helped to offset the impact of the Leucovorin at individual oncology practice sites. Looking at the number of practices and the volume of pumps we have deployed to generate revenue, we remain very optimistic about our future prospects."

"Also, while sharing with our stockholders frustration with the headwinds in the markets and our stock price," Mr. McDevitt continued, "InfuSystem remains committed to its core vision of becoming a significant leader in the infusion and pre-owned medical equipment markets, increasing revenue, maintaining attractive EBITDA margins, generating substantial free cash flow, paying down debt, and thus improving our overall financial profile."

"Lastly, while we would have hoped to have announced another acquisition by this time, we remain extremely disciplined in our approach and have made considerable strides in acquisitions discussions that would leverage our penetration in our markets, are synergistic, diversify our revenue streams, and maintain our historical EBITDA margins. Our goal remains to achieve top line revenues of several hundred million dollars in our target markets over the next several years and additive, synergistic acquisitions will be a key part of that growth," Mr. McDevitt concluded.

Revenues for the second quarter ending June 30, 2011 were $13.1 million, up 25 percent from $10.5 million in the prior year period. The increase in revenues is related to obtaining business at new customer facilities and expansion into new product lines associated with our acquisitions.

Gross profit for the three months ending June 30, 2011 was $9.0 million, up 20 percent from $7.5 million in the prior year period. Gross margins were 68 percent of revenues for the latest year compared with 72 percent in the prior year period. The decrease in the gross margin percentage was primarily related to a higher mix of pump sales, services, and rentals as compared to third party billings.

Selling, general and administrative expenses (SG&A) for the second quarter of 2011 were $8.2 million, excluding a goodwill and intangible assets impairment charge of $43.7 million, 5 percent higher than the prior period's $7.8 million. The increase was due to the added expenses associated with the acquired businesses, investments made in the sales organization, and amortization of intangibles which was partially offset by the decreases in stock based compensation, acquisition related expenses, and bad debt expenses. As a percent of revenues, SG&A was 62 percent compared to 74 percent for the prior period.

As of June 30, 2011, the company determined that there may be market conditions relating to the stock price, elimination of warrants, and business forecasts to conclude that there may be impairment. Based upon the preliminary impairment analysis performed as of June 30, 2011, the company concluded there was an impairment of goodwill and intangible assets that resulted in a Non-Cash charge of $43.7 million. The majority of this goodwill impairment charge was related to the original purchase of InfuSystem in 2007. Although the analysis is preliminary and will need to be finalized, we do not anticipate further adjustments to this non-cash item.

Adjusted EBITDA was $3.8 million for the second quarter of 2011 versus $3.2 million in the prior period. The company utilizes Adjusted EBITDA as a means to measure its operating performance. A reconciliation of Adjusted EBITDA, a non-GAAP measure, to net income can be found in the appendix.

Other loss for the second quarter of 2011 was $0.5 million versus $0.3 million other loss in the prior period, reflecting reduced interest expense and no gain on extinguishment of long term debt as incurred in the prior period. The provision for income taxes was a benefit of $15.8 million for the quarter compared to a benefit of $717 thousand in the prior period. As a result, the second quarter net loss was $27.6 million, equal to $1.31 per diluted share, versus a $144 thousand net income, equal to $0.01 per diluted share in the prior period.

Financial Condition

Net cash provided by operations for the six months ending June 30, 2011 was $2.9 million, compared to $3.4 million for the prior period. Principle and interest payments of $1.6 million were paid during the quarter and the company ended the quarter with a cash balance of $1.7 million with $25.1 million in long-term debt, net of current.

Conference Call

InfuSystem Holdings, Inc. will host a conference call to share the results of its second quarter fiscal 2011 results on Thursday, August 11, at 10:00 a.m. Eastern Time. Chairman and Chief Executive Officer Sean McDevitt and Jim Froisland, Chief Financial Officer, will discuss the company's financial performance and answer questions from the financial community.

The company invites interested investors to listen to the presentation, which will be carried live on the company's Web site: www.infusystem.com in the Investors section. To participate by telephone, the dial-in number is 800-447-0521 with confirmation number 30085852. Those who wish to listen should either dial in or go to the web site several minutes prior to the call to register. A replay of the call can be accessed by dialing 888-843-7419, passcode 30085852#. An online archive of the conference call will remain on the company's website for the following 30 days.

About InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc. is the leading provider of infusion pumps and related services to hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, the company delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada. The company's stock is traded on the NYSE Amex under the symbol INFU.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially form those predicted by such forward-looking statements. These risks and uncertainties include general economic conditions, as well as other risks, detailed from time to time in the company's publicly filed documents.

Additional information about InfuSystem Holdings, Inc. is available at www.infusystem.com.

FINANCIAL TABLES FOLLOW

INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS

June 30, December 31,
(in thousands, except share data) 2011 2010
(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents $ 1,723 $ 5,014
Accounts receivable, less allowance for doubtful accounts of $1,812 and $1,796 at June 30, 2011 and December 31, 2010, respectively 6,727 6,679
Inventory 1,406 1,699
Prepaid expenses and other current assets 976 750
Deferred income taxes 1,209 1,147

Total Current Assets 12,041 15,289
Property & equipment, net 16,934 16,672
Deferred debt issuance costs, net 536 658
Goodwill 21,824 64,092
Intangible assets, net 31,469 33,252
Deferred income taxes 10,243 --
Other assets 851 401

Total Assets $ 93,898 $ 130,364

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable $ 1,716 $ 2,016
Other current liabilities 2,579 4,631
Derivative liabilities 195 183
Current portion of long-term debt 6,419 5,551

Total Current Liabilities 10,909 12,381
Long-term debt, net of current portion 25,099 26,646
Deferred income taxes -- 5,788
Other liabilities 403 406

Total Liabilities $ 36,411 $ 45,221

Stockholders' Equity
Preferred stock, $.0001 par value: authorized 1,000,000 shares; none issued --
Common stock, $.0001 par value; authorized 200,000,000 shares; issued 21,185,028 and 21,163,337, respectively; outstanding 21,052,269 and 21,117,516, respectively 2 2
Additional paid-in capital 87,103 87,004
Accumulated other comprehensive loss (98) (64)
Retained deficit (29,520) (1,799)

Total Stockholders' Equity 57,487 85,143

Total Liabilities and Stockholders' Equity $ 93,898 $ 130,364
INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

Three Months Ended Six Months Ended
June 30 June 30
(in thousands, except share data) 2011 2010 2011 2010

Net revenues $ 13,133 $ 10,487 $ 26,090 $ 21,421

Cost of revenues:
Cost of revenues — Product, service and supply costs 2,174 1,719 4,316 3,394
Cost of revenues — Pump depreciation, sales and disposals 1,971 1,248 3,732 2,387
Gross profit 8,988 7,520 18,042 15,640

Selling, general and administrative expenses:
Provision for doubtful accounts 927 1,076 2,149 2,469
Amortization of intangibles 663 534 1,309 991
Asset impairment charges 43,668 -- 43,668 --
Selling and marketing 2,326 1,595 4,769 3,036
General and administrative 4,251 4,569 8,767 7,905

Total sales, general and administrative: 51,835 7,774 60,662 14,401

Operating (loss) income (42,847) (254) (42,620) 1,239

Other loss:
Gain (loss) on derivatives 83 (71) 83 (460)
Interest expense (564) (1,366) (1,105) (2,172)
Gain on extinguishment of long term debt -- 1,118 -- 1,118
Other income 2 -- -- --

Total other loss (479) (319) (1,022) (1,514)

(Loss) before income taxes (43,326) (573) (43,642) (275)
Income tax benefit 15,776 717 15,920 407

Net (loss) income $ (27,550) $ 144 $ (27,722) $ 132

Net (loss) income per share:
Basic $ (1.31) $ 0.01 $ (1.32) $ 0.01
Diluted $ (1.31) $ 0.01 $ (1.32) $ 0.01
Weighted average shares outstanding:
Basic 21,059,292 18,566,748 21,080,683 19,353,638
Diluted 21,059,292 18,943,962 21,080,683 19,922,468
INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

Six Months Ended
June 30
(in thousands) 2011 2010

OPERATING ACTIVITIES
Net (loss) income $ (27,722) $ 132
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
(Gain) loss on derivative liabilities (83) 460
Gain on extinguishment of long-term debt -- (1,118)
Provision for doubtful accounts 2,149 2,469
Depreciation 3,167 2,380
Loss on disposal of pumps 794 179
Amortization of intangible assets 1,309 991
Asset impairment charges 43,668 --
Amortization of deferred debt issuance costs 122 834
Stock-based compensation 502 997
Deferred income taxes (16,031) (814)
Changes in assets and liabilities, exclusive of effects of acquisitions:
(Increase) in accounts receivable, net of provision (2,197) (2,682)
Decrease (increase) in other current assets 67 (404)
(Increase) in other assets (166) (860)
(Decrease) increase in accounts payable and other liabilities (2,651) 1,165
Decrease in derivative liabilities from termination of interest rate swap -- (365)

NET CASH PROVIDED BY OPERATING ACTIVITIES 2,928 3,364

INVESTING ACTIVITIES
Capital expenditures (2,383) (343)
Acquisition of intangible assets (942) (400)
Cash paid for acquisition, net of cash acquired -- (16,418)

NET CASH (USED IN) INVESTING ACTIVITIES (3,325) (17,161)

FINANCING ACTIVITIES
Principal payments on term loan (2,061) (20,568)
Cash proceeds from term loan -- 30,000
Common stock repurchased to satisfy statutory witholding on stock based compensation -- (38)
Treasury shares repurchased (248) --
Principal payments on capital lease obligations (585) (331)

NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES (2,894) 9,063

Net change in cash and cash equivalents (3,291) (4,734)
Cash and cash equivalents, beginning of period 5,014 7,750

Cash and cash equivalents, end of period $ 1,723 $ 3,016
INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
GAAP RECONCILIATION
(UNAUDITED)

Three Months Ended Six Months Ended
June 30 June 30
(in thousands, except share data) 2011 2010 2011 2010

Net (loss) income $ (27,550) $ 135 $ (27,722) $ 123
Adjustments:
Interest expense 564 1,366 1,105 2,172
Income tax (benefit) expense (15,776) (708) (15,920) (398)
Depreciation 1,609 1,209 3,167 2,380
Amortization 663 534 1,309 991
EBITDA (40,490) 2,536 (38,061) 5,268
Adjustments:
Asset impairment charges 43,668 -- 43,668 --
(Gain) loss on derivatives (83) 71 (83) 460
Stock based compensation 254 897 502 997
Sales and other incentives 308 -- 699 --
Acquisition related expenses 62 785 247 785
Severance 65 -- 65 --
Gain on debt extinguishment -- (1,118) -- (1,118)
Adjusted EBITDA $ 3,784 $ 3,171 $ 7,037 $ 6,392

CONTACT: INVESTOR CONTACT:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
800-962-9656
Source: InfuSystem, Inc.
👍️0
10 bagger 10 bagger 13 years ago
DD June 20, 2011

InfuSystem Holdings, Inc. (NYSE Amex:INFU) Set to Join Russell Microcap Index

GlobeNewswire - Jun 20 08:00 EDT

Alert hits:(/i
Company Symbols: AMEX:INFU, ACORN:A.1338208478, ACORN:A.3581007885


MADISON HEIGHTS, Mich., June 20, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU) today announced that it will join the Russell Microcap® Index when Russell Investments reconstitutes its family of U.S. indexes on June 24, 2011, according to a preliminary list of additions posted June 17 on www.russell.com/indexes.

Membership in the Russell Microcap Index, which remains in place for one year, means automatic inclusion in the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

"We believe this announcement is another significant milestone event for our company and are pleased to be included among the well respected companies in this index as we continue the execution of our strategic and operational initiatives," commented Sean McDevitt, Chairman and CEO. "The inclusion of InfuSystem Holdings in the Russell Microcap Index will expose our company and its stock to a wider audience of institutional investors which we believe will ultimately benefit our long-term shareholders."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading $3.9 trillion in institutional assets currently are benchmarked to them.

Annual reconstitution of Russell Indexes captures the 4,000 largest U.S. stocks, as of the end of May, ranking them by total market capitalization to create the Russell 3000® Index and Russell Microcap. These investment tools originated from Russell's multi-manager investment business in the early 1980s when the company saw the need for a more objective, market-driven set of benchmarks in order to evaluate outside investment managers.

More information on the Russell Microcap and other Russell Indexes, including daily returns, is available at http://www.russell.com/Indexes/data/default.asp.

About Russell

Russell Investments provides strategic advice, world-class implementation, state-of-the-art performance benchmarks and a range of institutional-quality investment products. Russell has more than $161 billion in assets under management as of March 31, 2011, and serves individual, institutional and advisor clients in more than 35 countries. Founded in 1936, Russell is a subsidiary of The Northwestern Mutual Life Insurance Company.

About InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc. is the leading provider of infusion pumps and related services to hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, the company delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada. The company's stock is traded on the NYSE Amex under the symbol INFU.

CONTACT: INVESTOR CONTACT:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
Tel: (800) 962-9656

MEDIA CONTACT:
David Haar
Info@InfuSystem.com
Tel: (800) 962-9656
Source: InfuSystem, Inc.
👍️0
10 bagger 10 bagger 13 years ago
DD May 25, 2011..

InfuSystem Announces Exclusive Distribution Agreement for Poppy Pocket

New Infusion Pump Carrier Increases Patient Comfort

MADISON HEIGHTS, Mich., May 25, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE AMEX:INFU), the leading provider of infusion pumps and associated products and services, today announced its exclusive distributor agreement with Poppy Pocket. The Poppy Pocket is the innovative new infusion pump holding system that allows patients to discreetly receive chemotherapy infusions while performing all of their daily activities.

"We have several patients who work and love the discreetness of the Poppy Pocket," says Molly Downhour, Assistant Manager of the Clinical Trials Program of the Virginia G. Piper Cancer Center. "Many patients struggle with the change in their identity with cancer. With the Poppy Pocket, it is not as obvious that they are receiving treatment. They can maintain their identity of a professional while at work instead of being just a 'cancer patient.'"

The Poppy Pocket was created by Julie Hyzdu, of Arizona, after seeing her father's struggle with traditional infusion pouches. "I started Poppy Pocket after seeing the fanny pack distributed with my father's chemotherapy treatment. It was large, inconvenient and extremely uncomfortable, even during normal activity, like working and sleeping. I came up with this lightweight pocket to make his life easier through his treatment."

InfuSystem will be the sole distributor into the oncology market of the latex-free pump transport and holding system. "Customers who have seen it have expressed a keen interest in Poppy Pocket. The product is outstanding and we're excited about our ability to provide it to the tens of thousands of cancer patients we care for each year," says Sean McDevitt, Chairman and CEO of InfuSystem.

The Poppy Pocket will be available to InfuSystem customers beginning in June of 2011. For more information on the Poppy Pocket, including a video demonstration, please visit www.infusystem.com/poppypocket.

About InfuSystem Holdings, Inc.

InfuSystem is the leading provider of infusion pumps and related services. InfuSystem services hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, InfuSystem delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada. For more information, visit www.infusystem.com.

About Poppy Pocket LLC

Poppy Pocket LLC is a woman-owned company delivering high quality medical equipment pouches that are more comfortable and discreet than traditional pouches, allowing patients to live freely while wearing bulky medical pumps and devices. Based in Mesa, Arizona, Poppy Pocket manufacturers its products here in the United States and always sources the highest quality materials. For more information, visit www.poppypocket.net.

CONTACT: Investor Contact:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
Tel: (800) 962-9656

Media Contact:
David Haar
Info@InfuSystem.com
Tel: (800) 962-9656
Source: InfuSystem, Inc.
👍️0
10 bagger 10 bagger 13 years ago
DD May 23, 2011..

INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS




(in thousands, except share data)
March 31,
2011 December 31,
2010
(Unaudited)
ASSETS

Current Assets:

Cash and cash equivalents
$ 3,176 $ 5,014
Accounts receivable, less allowance for doubtful accounts of $1,912 and $1,796 at March 31, 2011 and December 31, 2010, respectively
7,056 6,679
Inventory
1,555 1,699
Prepaid expenses and other current assets
699 750
Deferred income taxes
1,127 1,147

Total Current Assets
13,613 15,289
Property & equipment, net
16,663 16,672
Deferred debt issuance costs, net
596 658
Goodwill
64,092 64,092
Intangible assets, net
33,416 33,252
Other assets
552 401

Total Assets
$ 128,932 $ 130,364

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Accounts payable
$ 1,808 $ 2,016
Other current liabilities
4,449 4,631
Derivative liabilities
116 183
Current portion of long-term debt
5,900 5,551

Total Current Liabilities
12,273 12,381
Long-term debt, net of current portion
25,628 26,646
Deferred income taxes
5,642 5,788
Other liabilities
407 406

Total Liabilities
$ 43,950 $ 45,221

Stockholders’ Equity

Preferred stock, $.0001 par value: authorized 1,000,000 shares; none issued
— —
Common stock, $.0001 par value; authorized 200,000,000 shares; issued 21,179,712 and 21,163,337, respectively; outstanding 21,055,953 and 21,117,516, respectively
2 2
Additional paid-in capital
86,967 87,004
Accumulated other comprehensive loss
(17 ) (64 )
Retained (deficit) earnings
(1,970 ) (1,799 )

Total Stockholders’ Equity
84,982 85,143

Total Liabilities and Stockholders’ Equity
$ 128,932 $ 130,364


See accompanying notes to consolidated financial statements.



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INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS

(UNAUDITED)




Three Months Ended
March 31
(in thousands, except share data)
2011 2010
Net revenues
$ 12,957 $ 10,934
Cost of revenues:

Cost of revenues — Product, service and supply costs
2,143 1,675
Cost of revenues — Pump depreciation, sales and disposals
1,761 1,139

Gross profit
9,053 8,120

Selling, general and administrative expenses:

Provision for doubtful accounts
1,222 1,393
Amortization of intangibles
645 487
Selling and marketing
2,442 1,442
General and administrative
4,517 3,306

Total sales, general and administrative:
8,826 6,628

Operating income
227 1,492
Other loss:

Loss on derivatives
— (389 )
Interest expense
(541 ) (805 )
Other expense
(3 ) —

Total other loss
(544 ) (1,194 )


(Loss) income before income taxes
(317 ) 298
Income tax benefit (expense)
146 (310 )

Net loss
$ (171 ) $ (12 )


Net loss per share:

Basic and diluted
$ (0.01 ) $ (0.00 )
Weighted average shares outstanding:

Basic and diluted
21,102,312 18,903,611

See accompanying notes to consolidated financial statements.



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INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)




Three Months Ended
March 31
(in thousands)
2011 2010
OPERATING ACTIVITIES

Net (loss)
$ (171 ) $ (12 )
Adjustments to reconcile net (loss) to net cash provided by operating activities:

Loss on derivative liabilities
— 389
Provision for doubtful accounts
1,222 1,393
Depreciation
1,558 1,141
Loss on disposal of pumps
271 65
Amortization of intangible assets
645 487
Amortization of deferred debt issuance costs
62 107
Stock-based compensation
248 100
Deferred income taxes
(146 ) —
Changes in assets and liabilities, exclusive of effects of acquisitions:

(Increase) in accounts receivable, net of provision
(1,599 ) (2,392 )
Decrease in other current assets
195 60
(Increase) in other assets
(11 ) (7 )
(Decrease) increase in accounts payable and other liabilities
(152 ) 132

NET CASH PROVIDED BY OPERATING ACTIVITIES
2,122 1,463

INVESTING ACTIVITIES

Capital expenditures
(2,438 ) (537 )

NET CASH USED IN INVESTING ACTIVITIES
(2,438 ) (537 )

FINANCING ACTIVITIES

Principal payments on term loan
(1,030 ) (818 )
Treasury shares repurchased
(229 )
Principal payments on capital lease obligations
(263 ) (140 )

NET CASH USED IN FINANCING ACTIVITIES
(1,522 ) (958 )

Net change in cash and cash equivalents
(1,838 ) (32 )
Cash and cash equivalents, beginning of period
5,014 7,750

Cash and cash equivalents, end of period
$ 3,176 $ 7,718

SUPPLEMENTAL DISCLOSURES

Cash paid for interest (including swap payments)
$ 479 $ 686
Cash paid for income taxes
$ 31 $ 7
NON-CASH TRANSACTIONS

Additions to property (a)
$ 350 $ 84
Property acquired pursuant to a capital lease
$ 624 $ 576
Gross issuance of vested restricted shares (number of shares)
25 25



(a) Amounts consist of current liabilities for net property that have not been included in investing activities. These amounts have not been paid for as of March 31, but will be included as a cash outflow from investing activities for capital expenditures when paid.

See accompanying notes to consolidated financial statements.



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INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)



1. Basis of Presentation and Nature of Operations

The information in this Quarterly Report on Form 10-Q includes the financial position of InfuSystem Holdings, Inc. and its consolidated subsidiaries (the “Company”) as of March 31, 2011 and December 31, 2010, the results of operations and cash flows for the three months ended March 31, 2011 and 2010. In the opinion of the Company, the consolidated statements for the all periods presented include all adjustments, consisting of normal recurring adjustments, necessary to present a fair statement of the results for such periods. The accompanying unaudited financial statements should be read in conjunction with the December 31, 2010 annual report 10-K.

The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All intercompany accounts and transactions have been eliminated. Results of operations for the three months ended March 31, 2011 are not necessarily indicative of the results for an entire year.

The Company is the leading provider of infusion pumps and related services. The Company services hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, the Company delivers local, field-based customer support, and also operates pump repair Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada.

On June 15, 2010, the Company entered into a stock purchase agreement with the shareholders of First Biomedical, Inc., (First Biomedical) a Kansas corporation, to acquire all of the issued and outstanding stock of First Biomedical and completed the acquisition simultaneously. First Biomedical sells, rents, services and repairs new and pre-owned infusion pumps and other medical equipment. First Biomedical also sells a variety of primary and secondary tubing, cassettes, catheters and other disposable items that are utilized with infusion pumps. For more information, refer to the “Acquisition” discussion included in Note 3.

The Company supplies electronic ambulatory infusion pumps and associated disposable supply kits to oncology practices, infusion clinics and hospital outpatient chemotherapy clinics. These pumps and supplies are utilized primarily by colorectal cancer patients who receive a standard of care treatment that utilizes continuous chemotherapy infusions delivered via electronic ambulatory infusion pumps. The Company obtains an assignment of insurance benefits from the patient, bills the insurance company or patient accordingly, and collects payment. The Company provides pump management services for the pumps and associated disposable supply kits to over 1,300 oncology practices in the United States. The Company retains title to the pumps during this process.

In addition, the Company sells or rents new and pre-owned pole mounted and ambulatory infusion pumps to, and provides biomedical recertification, maintenance and repair services for oncology practices as well as other alternate site settings including home care and home infusion providers, skilled nursing facilities, pain centers and others. The Company also provides these products and services to customers in the small-hospital market.

The Company purchases new and pre-owned pole mounted and ambulatory infusion pumps from a variety of sources on a non-exclusive basis. The Company repairs, refurbishes and provides biomedical certification for the devices as needed. The pumps are then available for sale, rental or to be used within the Company’s ambulatory infusion pump management service.



2. Summary of Significant Accounting Policies

Principles of Consolidation

The consolidated financial statements include the accounts of the Company and all wholly owned organizations. All intercompany transactions and account balances have been eliminated in consolidation.

Segments

The Company operates in one business segment based on management’s view of its business for purposes of evaluating performance and making operating decisions, representing the only reportable segment in accordance with Accounting Standard Codification (“ASC”) 280, “Segment Reporting.”

The Company utilizes shared services including but not limited to, human resources, payroll, finance, sales, pump repair and maintenance services, as well as certain shared assets and sales, general and administrative costs. The Company is in the process of transitioning more shared services and synergies since the acquisition of First Biomedical. The Company’s approach is to make operational decisions and assess performance based on delivering products and services that together provide solutions to our customer base, utilizing functional management structure and shared services where possible. Based upon this business model, the chief operating decision maker only reviews consolidated financial information.



6



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Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates, assumptions and judgments that affect the amounts reported in the financial statements, including the notes thereto. The Company considers critical accounting policies to be those that require more significant judgments and estimates in the preparation of its consolidated financial statements, including the following: revenue recognition, which includes contractual adjustments; accounts receivable and allowance for doubtful accounts; sales return allowances; inventory reserves; income taxes; and goodwill valuation. Management relies on historical experience and other assumptions believed to be reasonable in making its judgment and estimates. Actual results could differ materially from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company maintains its cash and cash equivalents primarily with two financial institutions and is fully insured with the Federal Deposit Insurance Corporation (FDIC) under the Temporary Liquidity Guarantee Program until December 31, 2012.

Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable are reported at the estimated net realizable amounts from patients, third-party payors and other direct pay customers for goods provided and services rendered. The Company performs periodic analyses to assess the accounts receivable balances. It records an allowance for doubtful accounts based on the estimated collectability of the accounts such that the recorded amounts reflect estimated net realizable value. Upon determination that an account is uncollectible, the account is written-off and charged to the allowance.

Accounts receivable are reduced by an allowance for amounts that could become uncollectible in the future. The Company’s estimate for its allowance for doubtful accounts is based upon management’s assessment of historical and expected net collections by payor. Due to continuing changes in the health care industry and third-party reimbursement it is possible that management’s estimates could change in the near term, which could have an impact on its financial position, results of operations, and cash flows.

Inventory

Our inventory consists of infusion pumps and related parts and supplies and is stated at the lower of cost, determined on a first in, first out basis, or market. The Company periodically performs an analysis of slow moving inventory and records a reserve based on estimated obsolete inventory.

Property and Equipment

Property and equipment is stated at acquired cost and depreciated using the straight-line method over the estimated useful lives of the related assets, ranging from three to seven years. Rental equipment, consisting primarily of infusion pumps that the Company acquires from third-parties, is depreciated over five years. Information Technology (IT) software and hardware are depreciated over three years. Leasehold improvements are amortized using the straight-line method over the life of the asset or the remaining term of the lease, whichever is shorter. Maintenance and minor repairs are charged to operations as incurred. When assets are sold, or otherwise disposed of, the cost and related accumulated depreciation are removed from the accounts and any gain or loss is recorded in the current period.

Long-Lived Assets

The Company accounts for the impairment and disposition of long-lived assets in accordance with ASC 360, “Property, Plant and Equipment.” This standard addresses financial accounting and reporting for the impairment of long-lived assets and for the disposal of long-lived assets. In accordance with this standard, long-lived assets to be held are reviewed for events or changes in circumstances, which indicate that their carrying value may not be recoverable. If an impairment indicator exists, the Company assesses the asset or asset group for recoverability. Recoverability of these assets is determined based upon the expected undiscounted future net cash flows from the operations to which the assets relate, utilizing management’s best estimates, appropriate assumptions and projections at the time. If the carrying value is determined not to be recoverable from future operating cash flows, the asset is deemed impaired and an impairment loss would be recognized to the extent the carrying value exceeded the estimated fair market value of the asset. The Company reviews the carrying value of long-lived assets if there is an indicator of impairment. The Company has determined that no impairment indicators existed as of March 31, 2011.



7

👍️0
10 bagger 10 bagger 13 years ago
DD April 12, 2011..

InfuSystem Holdings, Inc. Reports $13.0 Million of Revenues and $3.3 Million of Adjusted EBITDA for the First Quarter of 2011

Revenues for the quarter increased 19%
Adjusted EBITDA for the quarter increased to $3.3 million
Cash from operations increased 47% from prior year
Fourteenth straight quarter of year over year growth
MADISON HEIGHTS, Mich., May 12, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU), the leading provider of infusion pumps and related services, today reported results for the first quarter ended March 31, 2011.

Revenues for the first quarter of fiscal 2011 were $13.0 million compared with $10.9 million for the prior year, up 19 percent. Adjusted EBITDA for the first quarter of fiscal 2011 was $3.3 million, versus $3.2 million a year ago.

Mr. Sean McDevitt, Chief Executive Officer and Chairman, commented, "I am extremely pleased with the first quarter 2011 results. It is clear that the strategic decisions we have made are producing tangible benefits. The increased focus on operational improvements and execution are generating positive results today and position us well for the future. Looking forward, we continue to evaluate additional growth opportunities that would leverage our penetration in the oncology and the infusion markets, our expertise in billing, as well as our strong reputation for customer service."

Revenues for the first quarter ending March 31, 2011 were $13.0 million, up 19 percent from $10.9 million in the prior year period. The increase in revenues is related to obtaining business at new customer facilities and expansion into new product lines associated with our acquisitions.

Gross profit for the three months ending March 31, 2011 was $9.1 million, up 11 percent from $8.1 million in the prior year period. It represented 70 percent of revenues for the latest year, compared with 74 percent in the prior year period. The decrease in the gross margin percentage was primarily related to higher pump depreciation and disposal costs with a higher mix of pump sales and services, as compared to third party billings.

Selling, general and administrative expenses (SG&A) for the first quarter of fiscal 2011 were $8.8 million, 33 percent higher than the prior period's $6.6 million. As a percent of revenues, SG&A was 68 percent compared to 61 percent for the prior period. The increases were primarily related to an increase in stock based compensation, increased investment in sales and marketing, and expenses associated with the acquired businesses.

Adjusted EBITDA was $3.3 million for the first quarter of 2011 versus $3.2 million in the prior period. The company utilizes Adjusted EBITDA as a means to measure its operating performance. A reconciliation from Adjusted EBITDA, a non-GAAP measure, to net income can be found in the appendix.

Other loss for the first quarter of 2011 was $0.5 million versus $1.2 million other loss in the prior period, reflecting reduced interest expense and no loss on derivatives. As a result, the first quarter net loss was $171 thousand, equal to $0.01 loss per diluted share, versus a $12 thousand net loss, equal to $0.00 income per diluted share in the prior period.

Financial Condition

Net cash provided by operations for the first quarter ending March 31, 2011 was $2.1 million, up 40 percent from $1.5 million for the prior period. The latest quarter's results reflected higher levels of stock based compensation, depreciation and amortization of intangibles. The company had capital expenditures of $2.4 million, an increase of $1.9 million compared to the prior period. The cash balance decreased by $1.8 million from the previous period and the company ended the quarter with a cash balance of $3.2 million with $25.6 million in long-term debt, net of current.

Conference Call

InfuSystem Holdings, Inc. will host a conference call to share the results of its first quarter fiscal 2011 results on Thursday, May 12, at 10:00 a.m. Eastern Time. Chairman and Chief Executive Officer Sean McDevitt and Jim Froisland, Chief Financial Officer, will discuss the company's financial performance and answer questions from the financial community.

The company invites interested investors to listen to the presentation, which will be carried live on the company's Web site: www.infusystem.com in the Investors section. To participate by telephone, the dial-in number is 800-447-0521 with confirmation number 29553628. Those who wish to listen should either dial in or go to the web site several minutes prior to the call to register. A replay of the call can be accessed by dialing 888-843-7419, pass-code 29553628#. An online archive of the conference call will remain on the company's Web site for the following 30 days.

About InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc. is the leading provider of infusion pumps and related services to hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, the company delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada. The company's stock is traded on the NYSE Amex under the symbol INFU.

Forward-Looking Statements

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially form those predicted by such forward-looking statements. These risks and uncertainties include general economic conditions, as well as other risks, detailed from time to time in the company's publicly filed documents.

Additional information about InfuSystem Holdings, Inc. is available at www.infusystem.com.

FINANCIAL TABLES FOLLOW


INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(UNAUDITED)

March 31, December 31,
(in thousands, except share data) 2011 2010
(Unaudited)
ASSETS
Current Assets:
Cash and cash equivalents $ 3,176 $ 5,014
Accounts receivable, less allowance for doubtful accounts of $1,912 and $1,796 at March 31, 2011 and December 31, 2010, respectively 7,056 6,679
Inventory 1,555 1,699
Prepaid expenses and other current assets 699 750
Deferred income taxes 1,127 1,147

Total Current Assets 13,613 15,289
Property & equipment, net 16,663 16,672
Deferred debt issuance costs, net 596 658
Goodwill 64,092 64,092
Intangible assets, net 33,416 33,252
Other assets 552 401

Total Assets $ 128,932 $ 130,364

LIABILITIES AND STOCKHOLDERS' EQUITY
Current Liabilities:
Accounts payable $ 1,808 $ 2,016
Other current liabilities 4,449 4,631
Derivative liabilities 116 183
Current portion of long-term debt 5,900 5,551

Total Current Liabilities 12,273 12,381
Long-term debt, net of current portion 25,628 26,646
Deferred income taxes 5,642 5,788
Other liabilities 407 406

Total Liabilities $ 43,950 $ 45,221

Stockholders' Equity
Preferred stock, $.0001 par value: authorized 1,000,000 shares; none issued -- --
Common stock, $.0001 par value; authorized 200,000,000 shares; issued 21,179,712 and 21,163,337, respectively; outstanding 21,055,953 and 21,117,516, respectively 2 2
Additional paid-in capital 86,967 87,004
Accumulated other comprehensive loss (17) (64)
Retained (deficit) earnings (1,970) (1,799)

Total Stockholders' Equity 84,982 85,143

Total Liabilities and Stockholders' Equity $ 128,932 $ 130,364


INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(UNAUDITED)

Three Months Ended
March 31
(in thousands, except share data) 2011 2010

Net revenues $ 12,957 $ 10,934

Cost of revenues:
Cost of revenues — Product, service and supply costs 2,143 1,675
Cost of revenues — Pump depreciation, sales and disposals 1,761 1,139
Gross profit 9,053 8,120

Sales, general and administrative expenses:
Provision for doubtful accounts 1,222 1,393
Amortization of intangibles 645 487
Selling and marketing 2,442 1,442
General and administrative 4,517 3,306

Total sales, general and administrative expenses 8,826 6,628

Operating income 227 1,492

Other loss:
Loss on derivatives -- (389)
Interest expense (541) (805)
Other expense (3) --

Total other loss (544) (1,194)

(Loss) income before income taxes (317) 298
Income tax benefit (expense) 146 (310)

Net loss $ (171) $ (12)

Net loss per share:
Basic and diluted $ (0.01) $ (0.00)
Weighted average shares outstanding:
Basic and diluted 21,102,312 19,903,611


INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
(UNAUDITED)

Three Months Ended
March 31
(in thousands) 2011 2010

OPERATING ACTIVITIES
Net (loss) $ (171) $ (12)
Adjustments to reconcile net (loss) to net cash provided by operating activities:
Loss on derivative liabilities -- 389
Provision for doubtful accounts 1,222 1,393
Depreciation 1,558 1,141
Loss on disposal of pumps 271 65
Amortization of intangible assets 645 487
Amortization of deferred debt issuance costs 62 107
Stock-based compensation 248 100
Deferred income taxes (146) --
Changes in assets and liabilities, exclusive of effects of acquisitions:
(Increase) in accounts receivable, net of provision (1,599) (2,392)
Decrease in other current assets 195 60
(Increase) in other assets (11) (7)
(Decrease) increase in accounts payable and other liabilities (152) 132

NET CASH PROVIDED BY OPERATING ACTIVITIES 2,122 1,463

INVESTING ACTIVITIES
Capital expenditures (2,438) (537)

NET CASH USED IN INVESTING ACTIVITIES (2,438) (537)

FINANCING ACTIVITIES
Principal payments on term loan (1,030) (818)
Treasury shares repurchased (229)
Principal payments on capital lease obligations (263) (140)

NET CASH USED IN FINANCING ACTIVITIES (1,522) (958)

Net change in cash and cash equivalents (1,838) (32)
Cash and cash equivalents, beginning of period 5,014 7,750

Cash and cash equivalents, end of period $ 3,176 $ 7,718


INFUSYSTEM HOLDINGS, INC. AND SUBSIDIARIES
GAAP RECONCILIATION
(UNAUDITED)

Three Months Ended
March 31
(in thousands, except share data) 2011 2010

Net loss $ (171) $ (12)
Adjustments:
Interest expense 541 805
Income tax (benefit) expense (146) 310
Depreciation 1,558 1,141
Amortization 645 487
EBITDA 2,427 2,731
Adjustments:
Loss on derivatives -- 389
Stock based compensation 248 100
Sales incentives and related expense 391 --
Acquisition related expenses 185 --
Adj. EBITDA $ 3,251 $ 3,220

CONTACT: INVESTOR CONTACT:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
800-962-9656
Source: InfuSystem, Inc.
👍️0
10 bagger 10 bagger 13 years ago
DD April 14, 2011..

InfuSystem Paperless Solutions Enhance Efficiency

MADISON HEIGHTS, Mich., April 14, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU), the leading provider of infusion pumps and associated products and services, today announced the availability of its secure, compliant, paperless solutions. These new solutions allow facilities to create physician work order forms and view treatment logs and patient information. InfuSystem paperless offerings work with customer's existing workflow and systems and can be accessed anywhere, anytime, from any internet-enabled device.

Customers can increase efficiency by reducing time spent completing traditional paper forms. The process is simplified by linking information across forms and allowing users to add comments and submit corrections instantly. "Reducing the use of paper forms is an important initiative for our customers. We've taken the time to develop a paperless system that's both easy to use and fulfills payers' documentation and compliance requirements. We're confident our offering is the most flexible, secure and compliant paperless solution available," says Sean McDevitt, Chairman and CEO of InfuSystem.

Paperless solutions from InfuSystem are customizable and available across platforms and devices. The secure system protects the privacy of patient data and adheres to patient data compliance regulations. Gaining access to InfuSystem paperless solutions is simple—registration can be done on the website and customers can be up and running quickly. "We've found the system to be very intuitive, and the support team has been extremely responsive to our needs. It's the same service and innovation we've come to expect from InfuSystem," stated Marie Garcia, RN OCN, Director of Clinical Services at Virginia Cancer Specialists.

About InfuSystem Holdings, Inc.

InfuSystem is the leading provider of infusion pumps and related services. InfuSystem services hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, InfuSystem delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada.

CONTACT: Investor Contact:
Pat LaVecchia
info@infusystem.com
Tel: (800) 962-9656

Media Contact:
David Haar
info@infusystem.com
Tel: (800) 962-9656
Source: InfuSystem, Inc.
👍️0
10 bagger 10 bagger 13 years ago
DD April 12, 2011..

InfuSystem Holdings Announces Expiration of Warrants

MADISON HEIGHTS, Mich., April 12, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU), the leading provider of infusion pumps and associated products and services in the U.S. and Canada has announced today that all 9,472,496 outstanding warrants to acquire shares of its common stock have expired in accordance with their terms on April 11, 2011 and are no longer outstanding. The warrants had been issued in connection with the Company's initial public offering of common stock units (and in certain private placements in the year after the initial public offering). As of April 12, 2011, the Company's capital structure consists of 21,056,133 shares of Common Stock issued and outstanding.

InfuSystem is a leading provider of ambulatory infusion pumps to the outpatient oncology market as well as new and pre-owned infusion pumps and other biomedical equipment, and biomedical recertification, maintenance and repair services to hospitals, oncology practices and other alternate site health care providers. Headquartered in Madison Heights, Michigan, InfuSystem delivers local, field-based customer support and operates Biomedical Service Centers of Excellence in Kansas City, Los Angeles and Toronto.

CONTACT: Investor Contact:
Pat LaVecchia
info@infusystem.com
Tel: (800) 962-9656

Media Contact:
David Haar
info@infusystem.com
Tel: (800) 962-9656
Source: InfuSystem, Inc.
👍️0
10 bagger 10 bagger 13 years ago
DD March 10, 2011..
InfuSystem Holdings, Inc. Acquires Star Infusion

MADISON HEIGHTS, Mich., March 10, 2011 (GLOBE NEWSWIRE) -- InfuSystem Holdings, Inc. (NYSE Amex:INFU), the leading national provider of infusion pumps and related services, announced today that it has acquired Michigan-based Star Infusion and Compression Therapies LLC ("Star Infusion"). Star Infusion is a provider of ambulatory infusion pumps and related services to oncologists in Michigan and Ohio.

Sean McDevitt, Chairman and CEO of InfuSystem, said, "Star Infusion has developed a loyal customer following and we welcome those oncology practices and their patients to InfuSystem. We are very pleased with the synergies this acquisition provides and it further solidifies and enhances InfuSystem's leading national position in the ambulatory infusion market."

The acquisition, which was for cash, is not expected to materially impact the Company's fiscal 2011 consolidated financial performance. Further details of the acquisition were not disclosed.

About InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc. is the leading provider of infusion pumps and related services to hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, the company delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada. The company's stock is traded on the NYSE Amex under the symbol INFU.

Additional information about InfuSystem Holdings, Inc. is available at www.infusystem.com.

CONTACT: Investor Contact:
Pat LaVecchia
Vice Chairman
Info@InfuSystem.com
800-962-9656
Source: InfuSystem, Inc.
👍️0
10 bagger 10 bagger 13 years ago
DD... Thursday, March 10, 2011

InfuSystem Holdings, Inc. Reports $13.1 Million of Revenues and $3.7 Million of Adjusted

EBITDA for the Fourth Quarter of 2010, its Thirteenth Straight Quarter of Year over Year Growth

• Revenues for quarter and year increased 23% and 21%, respectively

• Adjusted EBITDA for quarter and year increased 15% and 8%, respectively

• Third consecutive year of revenue and Adjusted EBITDA increases

• Cash from operations increased 11% from prior year

MADISON HEIGHTS, MICHIGAN, March 10, 2011—InfuSystem Holdings, Inc. (NYSE Amex: INFU), the leading provider of infusion pumps and related services, today reported results for the fourth quarter and fiscal year ended December 31, 2010.

Fiscal 2010: Continued Growth in Revenues, Adjusted EBITDA and Cash from Operations

“We are pleased with the fourth quarter and fiscal year performance and the reporting of the thirteenth straight quarter of year over year growth for the company. With the continued steady growth of our core business and strategic initiatives to broaden our product and service offering, we are more confident than ever in the long-term outlook for the company and industry as InfuSystem continues to successfully execute its long-term business strategy. We are a healthcare growth company with healthy profits” said Sean McDevitt, Chairman and Chief Executive officer.

Revenues for fiscal 2010 were $47.2 million, up 21 percent from $39.0 million in the prior year. The increase in revenues is primarily related to obtaining business at new customer facilities, increases from existing customers and expansion into new product lines such as those associated the First Biomedical acquisition.

Gross profit for fiscal 2010 was $33.5 million, up 17 percent from $28.6 million in the prior year. It represented 71 percent of revenues for the latest year, compared with 73 percent in fiscal 2009. The decrease in the gross margin percentage was primarily related to higher pump depreciation and a higher mix of pump sales and services, as compared to third party billings.

Selling, general and administrative expenses (SG&A) were $34.5 million, 48 percent higher than fiscal 2009’s $23.3 million. As a percent of revenues, SGA was 73 percent for the latest year, compared to 60% in fiscal 2009. The increases were primarily related to an increase in stock based compensation, along with the pre/post acquisition expenses of acquired business. Excluding the one-time expenses, on a normalized basis SGA, as a percent of revenues, is approximately the same as the 60% in fiscal 2009.

Adjusted EBITDA was $14.0 million for the latest fiscal year, up 8 percent from $12.9 million a year ago. The company utilizes Adjusted EBITDA as a means to measure its operating performance. A reconciliation from Adjusted EBITDA, a non-GAAP measure, to net income can be found in the appendix.

Other loss for the latest year was $2.3 million versus $3.6 million other loss a year ago, reflecting reduced interest expense, gain on derivatives, and extinguishment of long-term debt. As a result, the fiscal 2010 net loss was $1.9 million, equal to $0.09 loss per diluted share, versus a $0.8 million net income, equal to $0.04 income per diluted share, a year earlier.

Fourth Quarter Growth in Revenues and Adjusted EBITDA

Revenues for the latest quarter were $13.1 million, up 23 percent from $10.7 million for the prior-year period. Gross profit increased to $9.0 million or 16% from $7.8 million in the fiscal 2009 fourth quarter. SG&A increased to $12.0 million from $6.4 million. Other expense of $0.4 million compared with $0.3 million of other income a year ago. The net loss for the most recent quarter was $2.2 million, equal to $0.11 per diluted share, versus the prior year quarter’s net income of $1.0 million, equal to $0.05 per diluted share. Adjusted EBITDA for the latest quarter was $3.7 million, up 15 percent from $3.2 million for the prior-year period.

Financial Condition

Net cash provided by operations for fiscal 2010 was $10.8 million, up 11 percent from $9.7 million for the prior year. The latest year’s results reflected higher levels of stock based compensation, depreciation and amortization of goodwill, accounts payable, inventory and amounts accrued. The company reduced capital expenditures from $4.6 million in fiscal 2009 to $2.4 million and paid $16.6 million in cash for acquisition of First Biomedical in June 2010. The cash balance decreased by $2.7 million and the company ended the year with a cash balance of $5.0 million with $26.6 million in long-term debt, net of current.

Conference Call

InfuSystem Holdings, Inc. will host a conference call to share the results of its fourth quarter and full-year fiscal 2010 results on Thursday, March 10, at 10:00 a.m. Eastern Time. Chairman and Chief Executive Officer Sean McDevitt and Jim Froisland, Chief Financial Officer, will discuss the company’s financial performance and answer questions from the financial community.

The company invites interested investors to listen to the presentation, which will be carried live on the company’s Web site: www.infusystem.com in the Investors section. To participate by telephone, the dial-in number is 800-446-1671 with confirmation number 29138075. Those who wish to listen should either dial in or go to the Web site several minutes prior to the call to register. A replay of the call can be accessed by dialing 888-843-7419, pass-code 29138075#. An online archive of the conference call will remain on the company’s Web site for the following 30 days.

About InfuSystem Holdings, Inc.

InfuSystem Holdings, Inc. is the leading provider of infusion pumps and related services to hospitals, oncology practices and other alternate site healthcare providers. Headquartered in Madison Heights, Michigan, the company delivers local, field-based customer support, and also operates Centers of Excellence in Michigan, Kansas, California, and Ontario, Canada. The company’s stock is traded on the NYSE Amex under the symbol INFU.

👍️0
ErnieBilco ErnieBilco 13 years ago
Lets try and get this current
👍️0
ErnieBilco ErnieBilco 13 years ago
Stock is now trading as INFU.
👍️0

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