REPEAT/Help At Home announces record revenue and earnings for fiscal 1996.CHICAGO--(BUSINESS WIRE)--Sept. 30, 1996--Help At Home Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :HAHI; WARRANTS: NASDAQ: HAHIW) today announced record results for the fiscal year ended June 30, 1996. Revenues for the year ended June 30, 1996, grew 50 percent to $11.9 million, from $7.9 million for the fiscal year 1995. Pre-tax income was $1,286,845 up 45.7 percent from $882,977 for the same period a year ago. Earnings were also a record gain of 31.3 percent to $718,845 from $547,426 in fiscal year 1995. Earnings per share of 40 cents are calculated on a fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. basis in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the company's adoption of the modified treasury method for presenting earnings per share. This calculation includes the effect of 1,638,750 warrants issued in connection with the company's initial public offering which are currently unexercised. The company announced it was very pleased with the results for the year. -0-
COMMON EARNINGS
SHARES PER
PRE-TAX NET FULLY COMMON
FISCAL YEAR REVENUE INCOME INCOME DILUTED SHARE
___________ __________ __________ __________ _________ ________
(Fully
Diluted)
Fiscal Year $7,928,649 $ 882,977 $ 547,426 1,050,000 $.52
1995
(July 1, 1994 -
June 30, 1995)
Fiscal Year $11,885,712 $1,286,845 $ 718,845 2,243,227 $.40
1996 ___________ __________ __________ ________
(July 1, 1995 -
June 30, 1996)
Net Change $ 3,957,063 $ 403,868 $ 171,419 1,193,227 ($.12)
Net Change % 49.9% 45.7% 31.3% 53% (23%)
Internal Growth Continues To Lead The Way In Producing Record Revenue And Earnings Lou Goldstein Gold·stein , Joseph Leonard Born 1940. American biochemist. He shared a 1985 Nobel Prize for discoveries related to cholesterol metabolism. , chairman of Help At Home, said, "We are very pleased about the results for this year. Our continued internal growth reinforces our earlier statements about the growth of the homecare industry. Estimates in annual growth for the industry are at 20 percent per year, and Help At Home's 35 percent internal growth rate continues to exceed industry average. With continued acquisitions increasing the depth and breadth of our services, we are very optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op about the year and years ahead." Help At Home Inc. provides homemaker and other home care services, through its 24 offices in Illinois Illinois, river, United States Illinois, river, 273 mi (439 km) long, formed by the confluence of the Des Plaines and Kankakee rivers, NE Ill., and flowing SW to the Mississippi at Grafton, Ill. It is an important commercial and recreational waterway. , Indiana Indiana, state, United States Indiana, midwestern state in the N central United States. It is bordered by Lake Michigan and the state of Michigan (N), Ohio (E), Kentucky, across the Ohio R. (S), and Illinois (W). , Missouri, Alabama and Mississippi, to elderly and disabled persons within their homes. Additionally, the company provides skilled home health care services in Alabama, Missouri and Illinois through its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Oxford HealthCare, Lakeside Home Health Agency Inc. and Rosewood rosewood, popular name for the ornamental wood of several species of tropical trees, especially for the heartwood of certain leguminous trees of the genus Dalbergia of the family Leguminosae (pulse family). Brazilian rosewood, or jacaranda (D. Home Health Inc. CONTACT: Help At Home Inc., Chicago Lou Goldstein, 312/663-HAHI (4244) |
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