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Biotech / Medical : CYBR CyberCare the new look of healthcare -- Ignore unavailable to you. Want to Upgrade?

To: Tadsamillionaire who wrote (3219)	6/10/2002 7:14:59 PM
From: Tadsamillionaire	Read Replies (1) \| Respond to of 3392

Net sales for the three months ended March 31, 2002 increased by approximately 17.2% when compared to the three months ended March 31, 2001. The net sales increase was a result of an increase in the physical therapy and rehabilitation services segment of approximately $186,000, an increase in the pharmacy services segment of $459,000, and an increase in the technology segment of approximately $83,000. The increase in the sales for the physical therapy and rehabilitation services segment was a result of internal growth by opening new clinics subsequent to March 31, 2001 and the closing of certain clinics that were unprofitable. The increase was offset by the sale of the physician practice in January 2001 and the sale of the chiropractic practice in 2002. The combined sales, generated by the disposition of these two practices, for the three months ended March 31, 2001 was $352,000. The increase in sales from our pharmacy services segment resulted from an increase in services and the expansion of the customer base. In the technology segment, the Company's sleep disorder revenue increased as a result of an increased number of patients served and was offset by a reduction in the Company's technology equipment sales. COST OF SERVICES Excluding the disposal of the two former subsidiaries in January 2002 and 2001, the increase in cost of services relating to the physical therapy and rehabilitation services segment is consistent with the corresponding increase in revenue for such segment because of the increased number of operating locations and resulted in a corresponding increase in direct operating costs such as salaries, rent and supplies. The cost of services relating to the pharmacy segment increased in direct relationship to the increase in revenue due to the hiring of additional personnel to support the internal growth. The cost of services for the technology segment for the three months ended March 31, 2002, decreased by approximately 11% as compared to the same period last year. The decrease is a direct result of the Company's cost management program focusing on internal and customer support costs and the cost of equipment sold. The Company has reduced these costs even further during the second quarter of 2002. biz.yahoo.com