AdCare Health Systems (ADK) Misses Q1 EPS by 13c

AdCare Health Systems (NYSE: ADK) reported Q1 EPS of ($0.19), $0.13 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $7.1 million versus the consensus estimate of $1.6 million.

Cash and cash equivalents at March 31, 2016, totaled $2.3 million, as compared with $2.7 million at December 31, 2015. Restricted cash and investments at March 31, 2016, totaled $8.9 million, as compared with $12.7 million at December 31, 2015. Total debt outstanding at March 31, 2016, totaled $118.4 million, as compared with $122.8 million at December 31, 2015 (including $949,000 and $958,000 in liabilities of disposal group held for sale and net of $2.5 million and $2.7 million of deferred financing costs at March 31, 2016 and December 31, 2015, respectively).

For earnings history and earnings-related data on AdCare Health Systems (ADK) click here.

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