SALT LAKE CITY, Nov. 8, 2012 /PRNewswire/ -- ActiveCare, Inc. (OTC.BB: ACAR), the service leader in disease and diabetes management last reported revenues for the quarter ended March 31, 2012. Today the company announced record revenues of $432,000 for the June 2012 Quarter, increasing revenues from $180,000 for the March 2012 quarter. During the six months ended September 30, 2012, ActiveCare increased the number of members from 661 to over 6,000, and seeks to add another 8,000 by the end of the year. Management is optimistic about the sales pipeline with over 50,000 potential members for 2013.The company attributes these increases to the overwhelming demand and success of the company's revolutionary Monitoring and Care Management solutions.
By combining health monitoring technology with predictive informatics and a dedicated staff of care specialists, ActiveCare showed that a 10% improvement in diabetes testing compliance can reduce complications by 37%, or as much as $4,000 per member per year. With the ActiveCare Wellness Program and state-of-the-art 24/7 Monitoring Center, highly-trained care staff actively monitor the condition and well-being of all members.
"The growing demand for ActiveCare's unique solutions for chronic care provides the company with continued exponential growth," said Mike Acton, CFO of ActiveCare. "We are extremely pleased with our progress and market penetration over the past twelve months. With a full sales pipeline, ActiveCare has great expectations for 2013," continued Acton.
June 30, 2012 Quarter Results
Revenues grew to $432,296 for the third fiscal quarter of 2012, compared to $184,899 for the same reporting period in 2011, an increase of $247,397, or 133%. Operational losses decreased 68% to $898,409 from $2,804,236. The net loss decreased 16% to $2,442,706 in fiscal 2012, from $2,902,539 in fiscal 2011.
ActiveCare, Inc. is the telehealth and personal emergency response solution leader. Headquartered in Salt Lake City, Utah, and publicly traded on the OTC Bulletin Board under symbol ACAR, ActiveCare is committed to providing consistent excellence in quality and safety, and friendly care for members and caregivers alike. To learn more about ActiveCare, Inc., visit the website at www.activecare.com or contact investor/media relations at 877-862-5545 or firstname.lastname@example.org.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, reliance upon our network of independent Associates, the governmental regulation of our products, manufacturing and marketing risks, adverse publicity risks, and risks associated with our international expansion. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.
SOURCE ActiveCare, Inc.