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Second-quarter net loss widened at Arcadia Resources Inc. (AMEX: KAD), a provider of healthcare, pharmacy, and staffing services. The company reported a loss of $9.2 million in the quarter ended Sept. 30, compared with a loss of $735,619 in the same period last year.
Revenue rose 1.0% to $38.7 million from $38.3 million in the second quarter of last year. Gross margin improved to 31.6% from 31.4%.
Arcadia Resources Inc. (AMEX: KAD)
For the second quarter ended Sept. 30, 2007, compared with the same period in the prior year.
Revenue: $38.7 million, +1.0%Net loss: $9.2 million vs. net loss of $735,619