SALT LAKE CITY, UT -- (Marketwire) -- 01/22/13 -- ActiveCare, Inc. (OTCBB: ACAR), the service leader in disease and diabetes management reported revenues for the fiscal year ended September 30, 2012. The Company reported net revenues of $1,526,000 compared to net revenues of $771,000 for the fiscal year ended September 30, 2011, an increase of $755,000 or 98%. During the twelve months ended September 30, 2012, ActiveCare increased the number of members purchasing its diabetic supplies from 500 to more than 6,000. The growth has continued after September 30. Currently the Company has approximately 14,000 members. Management of the Company anticipates the Company will have enrolled more than 50,000 members by the end of calendar 2013. The Company attributes these increases to the overwhelming demand for and success of the Company's revolutionary Monitoring and Care Management solutions.
"Over the past twelve months, ActiveCare has seen overwhelming acceptance of its Monitoring and Wellness Programs and emergency response solutions," stated Mike Acton, CFO of ActiveCare. "With our one-of-a-kind programs, ActiveCare is well positioned for dramatic growth in the future as it assists its members and health plan clients to control healthcare costs," continued Acton. "Correspondingly we have seen our revenues increase from $118,000 in the March 2012 quarter when our Wellness Programs were first introduced to $430,000 in the June 2012 quarter, and $730,000 for the September 2012 quarter allowing us to finish the year on a high note and positioning us for continued growth into the future," continued Acton.
September 30, 2012 Year-end Results
Revenues grew to $1,526,000 for the year ended September, 30 2012, compared to $771,000 for 2011, an increase of $755,000, or 98%. Loss from operations decreased $134,000 to $2,948,000, down from $3,082,000 the previous year. The net loss increased to $12,366,000 in fiscal year 2012, from $7,899,000 in fiscal year 2011.
ActiveCare, Inc. is the telehealth and personal emergency response solution leader. Headquartered in Salt Lake City, Utah, and publicly traded on the OTC Bulletin Board under symbol ACAR, ActiveCare is committed to providing consistent excellence in quality and safety, and friendly care for members and caregivers alike. To learn more about ActiveCare, Inc., visit the website at www.activecare.com or contact investor/media relations at 877-862-5545 or firstname.lastname@example.org.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act. Our actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including global economic conditions generally, the governmental regulation of our products, manufacturing and marketing risks, adverse publicity risks, and risks associated with our international expansion. Forward-looking statements in this press release include, without limitation, the statement regarding anticipated member counts of approximately 50,000 by calendar year-end 2013, as well as the statements regarding dramatic growth and continued growth in the future. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in our most recent filings with the Securities and Exchange Commission.
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