healthwarehouse.com inc (HEWA) Key Developments
HealthWarehouse.com, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2014
Nov 24 14
HealthWarehouse.com, Inc. reported earnings results for the third quarter ended September 30, 2014. For the quarter ended September 30, 2014 net sales were $1,474,986, a 38.5% decrease from the comparable period in 2013. The Company's net loss narrowed by 48.1%, to $530,257 from $1,021,129. For the third quarter of 2014, the company reported negative adjusted EBITDAS of $166,161 compared to the negative EBITDAS of $678,978 in the third quarter of 2013. The Company believes that Adjusted EBITDAS (Earnings Before Interest, Taxes, Depreciation, Amortization and Stock-Based Compensation), a non-GAAP financial measure, is useful in evaluating its operating performance compared to that of other companies in industry. Net sales declined by 38.5% due to the reduction in business-to-business sales and cash flow constraints. Net loss declined by over 48% as a result of the increased profit margins and reduced operating expenses.
HealthWarehouse.com, Inc. Approves Amendment to the Certificate of Incorporation
Oct 21 14
HealthWarehouse.com, Inc. at its AGM held on October 17, 2014, approved amendment to the Certificate of Incorporation to increase the number of authorized shares of common stock.
HealthWarehouse.com, Inc., Annual General Meeting, Oct 17, 2014
Sep 26 14
HealthWarehouse.com, Inc., Annual General Meeting, Oct 17, 2014., at 11:00 US Eastern Standard Time. Location: 7107 Industrial Road. Agenda: To elect four directors Lalit Dhadphale, Youssef Bennani, Joseph Savarino and Ambassador Ned L. Siegel to serve for a one-year term until the 2015 annual meeting of stockholders or until their respective successors are duly elected and qualified; to adopt a non-binding advisory resolution to approve the compensation of executive officers; to consider and approve the 2014 equity incentive plan; to approve an amendment to Certificate of Incorporation to increase the number of authorized shares of common stock that may be issued; to ratify the appointment of Marcum LLP as independent registered public accounting firm for the year ending December 31, 2014; and to transact such other business as may properly come before the annual meeting.
HealthWarehouse.com, Inc. announced delayed 10-Q filing
Aug 14 14
On 08/14/2014, HealthWarehouse.com, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
HealthWarehouse.Com, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014; Provides Earnings Guidance for Throughout 2014
May 22 14
HealthWarehouse.com, Inc. reported earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net sales declined to $1,716,964, a 28.8% decrease from the comparable period in 2013. The company's gross margin improved to 57.4%, up from 48.7%, while the net loss narrowed by 92.5%, to $305,641 from $4,078,366. For the first quarter of 2014, HEWA reported positive adjusted EBITDAS of $57,801, compared to LBITDAS of $273,776 in the first quarter of 2013.
The company expects continued positive results throughout 2014.