Arcadia sees smaller quarterly, fiscal-year losses

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Arcadia Resources Inc. saw its losses shrink in its most recent quarter as growing revenue from its pharmacy segment helped offset continued declines in its medical staffing business.

The Indianapolis-based company lost $19.2 million, or 11 cents per share, in the fourth fiscal quarter ended March 31, compared with a loss of $36.7 million, or 27 cents per share, in the same quarter a year ago.

Revenue dipped nearly 2 percent, to $25.5 million, compared with the year-ago period.

Revenue from Arcadia’s pharmacy division grew 103.5 percent, to $4.4 million, from the same quarter a year ago, and 7.7 percent from the previous quarter.

The company is trying to grow its DailyMed pharmaceutical service, which packages dosages of prescriptions into individual packets, to make it easier for patients on numerous medications to stick to their regimens.

“We achieved a number of important milestones this year, which set the foundation for continued growth for both our businesses and enhanced profitability in our DailyMed business,” Arcadia President and CEO Marvin R. Richardson said in a prepared statement.

Revenue for Arcadia’s medical staffing services fell 12 percent, to $20.7 million, compared with the same quarter a year ago.

For fiscal 2010, Arcadia lost $31.1 million, or 19 cents per share, compared with a loss of $46.5 million, or 35 cents per share, in fiscal 2009.

Revenue in fiscal 2010 dipped 2 percent, to $104.6 million, compared with the previous fiscal year.

Last month, Arcadia announced plans for a $3.9 million expansion of its north-side headquarters and pharmacy operations, which could create as many as 930 jobs by 2013.

Arcadia said it plans to grow its corporate presence and centralize its pharmacy-fulfillment operations here, hiring managers, pharmacists, pharmacy technicians, account managers and sales staff. It now has about 500 employees in Indiana and 4,000 nationwide who provide home health care services.

Shares of Arcadia are trading at 60 cents each.


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  1. How is the private developer going to repay the bonds. Is this going to be a toll road?

  2. As well as a Portillio'S!!!!!!

  3. A Lou Malnati's would be awesome!!!!!!!!

  4. We aren't broke. We just aren't willing to raise revenues for this that we should be raising them.

  5. OK. now that the state is taking illegal immigrants, willing or not. There is a major concern that needs to be addressed. First: School starts here in 3 weeks in most parts of the country and probably in Indiana. So is the state going to vaccinate these kids before they intermingle with our kids in school? The problem we are going to have here in the US and possibly in Indiana is that some of these kids could be carrying health issues or diseases that are pretty much eradicated in the US. This could cause a major health issue in the US. Second: Who is going to pay for this building disaster? We are flat out broke….. Down here in Texas, we have 14 counties that have been so swamped with kids, (numerous thousands of them), they are on the verge of financial collapse. Now this is happening in counties in New Mexico, Arizona and California. The system is massively overloaded. Swine flu has started back up in San Antonio since they have nearly 2500 kids that have been placed there and lice is rampant. Not to be insensitive, but we need to stop this madness. I find it amazing that we cannot take care of our veterans and yet give carte blanche to illegals entering the country. Recently an article mentioned that these kids and teenagers can get on planes without TSA screening? What? What the Hell???? Keep in mind this about protecting our national sovereignty as a nation and also living under the rule of law. Not only the terrorist threat that can come over the border. This is a deliberate and irresponsible and illegal act from administration ignoring the constitutional duty of protecting the borders and also upholding the supreme law of the land. This is a classic Cloward and Piven strategy to overload the system until it collapses.