US EditionARCPOINT REPORTS Q1 2025 FINANCIAL RESULTS
- ARCpoint, a US-based healthcare company in Greenville, South Carolina, reported a net loss of $0.62 million for Q1 ended March 31, 2025.
- The loss reflects decreased royalty revenues after ARCpoint combined its franchise operations with Any Lab Test Now in the August 2024 CRESSO joint venture transaction.
- ARCpoint achieved cost reductions including a $0.7 million decrease in wages and $0.6 million lower cost of revenue, supported by temporary $57,000 monthly cuts to compensation and services.
- Interim CFO Adam Ho noted that the company experienced a decline in total expenses compared to the previous year due to the CRESSO deal, and has recently implemented further temporary monthly cuts of about USD 57,000.
- The company views these temporary measures as part of managing finances while pursuing revenue growth and shareholder value amid transitioning franchise operations.
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The Peterborough Examiner+12 Reposted by 12other sources
ARCPOINT REPORTS Q1 2025 FINANCIAL RESULTS
Greenville, South Carolina, May 26, 2025 (GLOBE NEWSWIRE) -- ARCpoint Inc. (TSXV: ARC) (the “Company” or “ARCpoint”) is pleased to report that it has filed its unaudited Q1, 2025 Financial Statements and related Management Discussion and Analysis as summarized below.
·Peterborough, Canada
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