Pacific Health Care Organization (OTCMKTS:PFHO) Stock In Focus After Q1 Earnings

On Thursday, Pacific Health Care Organization Inc (OTCMKTS:PFHO) was one of the companies which was in the news cycle after it announced its financial results for the first fiscal quarter that ended on March 31, 2023.

Trading Data

On Thursday, PFHO stock jumped 3.33% to $0.9300 with more than 100 shares, compared to volume of 1.53K shares. The stock moved within a range of $0.9300 – 0.9300 after opening trade at $0.9300.

Pacific Health Care Organization, Inc. Reports its First Quarter 2023 Results

The company announced that it managed to generate total revenues to the tune of $1,312,643 for the quarter but that was lower than the revenues of $1,427,383 in the prior year period. The income brought in by Pacific Health Care Organization for the first quarter was $82,456 but that was far lower than the net income of $262,109 in the prior year quarter.

The net income for the quarter was $131,109, which worked out to $0.01 per basic and fully diluted share. In the prior year period, the net income had been $188,535, which worked out to income per basis and fully diluted share to $0.01 as well.

The net cash that had been deployed towards operating activities during the quarter came in at $41,382 and that was far lower than the $459,370 that had been deployed during the corresponding quarter in 2022. It remains to be seen if the Pacific Health Care Organization stock comes into focus among investors over the coming days or not.