American CareSource Holdings Reports 407% Increase in Revenues for First Quarter 2008
American CareSource Holdings, Inc. (AMEX: XSI) today reported a 407% increase in revenues to approximately $11.5 million for the first quarter ended March 31, 2008 compared to approximately $2.3 million in the same period last year. The Company’s first quarter revenues also represent a 14% improvement over fourth quarter 2007 reported revenues of $10.1 million.
“Our first quarter 2008 revenues continued the strong upward trend we began last year and are a direct reflection of the ongoing strength in demand for our expanding array of outsourced ancillary services, among both new and existing clients,” noted David S. Boone, Chief Executive Officer of American CareSource. “We are on track to exceed our initial guidance of $50 million for full year 2008 revenues. We are looking forward to future announcements of new customer wins, expansion of our provider network and continued strong organic growth in the coming months.”
Resources for
