HealthWarehouse.com and RxREVU Partner to Provide Drug Price Transparency to Consumers
Filing Services Canada XHTML - Thu Jun 11, 7:30AM CDT
HealthWarehouse.com to Present at the 2015 Marcum MicroCap Conference
Filing Services Canada - Tue May 26, 3:16PM CDT
HealthWarehouse.com to Present at the 2015 Marcum MicroCap Conference CINCINNATI, OH (FSCwire) - HealthWarehouse.com, Inc. (OTCQB:HEWA), the only VIPPS accredited online and mail-order pharmacy licensed in all 50 states, announced today that it will present at the 2015 Marcum MicroCap Conference on Wednesday, May 27, 2015 in New York City at the Grand Hyatt Hotel. The Company's presentation by Lalit Dhadphale, President & CEO, is scheduled to begin at 4:00 p.m. ET. The annual Marcum MicroCap Conference is a showcase for public companies with less than $500 million in market capitalization. For more information or to register, please visit the conference website athttp://www.marcumllp.com/microcap (http://www.marcumllp.com/microcap). About HealthWarehouse.com HealthWarehouse.com, Inc. (OTCQB:HEWA) is a trusted VIPPS accredited online pharmacy based in Florence, Kentucky. The Company is focused on the growing out of pocket prescription market, which is expected to grow to $80 billion in 2015. With a mission to provide affordable healthcare to every American by focusing on technology that is revolutionizing prescription delivery, HealthWarehouse.com has become the largest VIPPS accredited online pharmacy in the United States. HealthWarehouse.com is licensed in all 50 states and only sells drugs that are FDA-approved and legal for sale in the United States. Visit HealthWarehouse.com online at http://www.HealthWarehouse.com (http://us.lrd.yahoo.com/SIG=11jgvkj9s/EXP=1313683171/**http%3A/www.healthwarehouse.com/). About the Marcum MicroCap Conference The Marcum MicroCap Conference is dedicated to providing a forum where publicly traded companies under$500 millionin market capitalization can network with the investment community. The conference features presentations by CEOs and CFOs from six principal industry sectors and provides investors with the opportunity to meet with management of these companies on a one-on-one basis. Industry sectors include Technology, Media & Internet; Software & Business Services; Life Science & Healthcare; Retail & Consumer Products; Energy & Natural Resources; and Industrials. The conference additionally includes a full agenda of panel discussions on issues of strategic importance to small cap issuers and investors, moderated by industry leaders. The Marcum MicroCap Conference attracts fund managers and high net worth investors focusing on small cap equities. Over 2,000 participants from all segments of the microcap market attend each year, includingsenior management, finance and legal executives, venture and lower middle-market private equity investors, institutional investors, directors, investment bankers, buy- and sell-side analysts, and service providers to the microcap marketplace. For complete information about the 2015 Marcum MicroCap Conference, visitwww.marcumllp.com/microcap. (http://www.marcumllp.com/microcap) Marcum is a registered Public Company Accounting Oversight Board (PCAOB) firm. Marcum's Assurance Division provides the most up-to-date service and guidance on SEC accounting and reporting issues. Services include Financial Statement Audits in accordance with PCAOB standards; Tax Compliance and Advisory Services; Due Diligence; Agreed-Upon Procedures and Other Attest Work; Internal Audit Services; Sarbanes-Oxley Section 404 Compliance Services and Software; Technical Accounting Assistance; and IPO Assistance. Marcum's SEC Practice led the audit industry in most net new public company clients in the fourth quarter of 2013. For more information, visitwww.marcumllp.com (http://www.marcumllp.com/). About Marcum LLP Marcum LLP is one of the largest independent public accounting and advisory services firms inthe United States. Ranked #15 nationally, Marcum LLP offers the resources of 1,300 professionals, including over 160 partners, in 23 offices throughout the U.S.,Grand CaymanandChina. Headquartered inNew York City, the Firm's presence runs deep, with full-service offices strategically located in major business markets. Marcum is a member of theMarcum Group (http://www.marcumgroup.com/), an organization providing a comprehensive range of professional services spanning accounting and advisory, technology solutions, wealth management, and executive and professional recruiting. The Marcum Group companies includeMarcum LLP (http://www.marcumllp.com/);Marcum Technology LLC (http://www.marcumtechnology.com/);Marcum Search LLC (http://www.marcumsearch.com/);Marcum Financial Services LLC (http://www.marcumfs.com/);Marcum Bernstein & Pinchuk LLP (http://www.marcumbp.com/); andMarcumBuchanan Associates LLC (http://www.marcumbuchanan.com/). Contact Mr. Lalit Dhadphale, CEO lalit@healthwarehouse.com (859) 444-7341 To view this press release as a PDF file, click onto the following link: http://fscwire.com/sites/default/files/news_r...262015.pdf Source: HealthWarehouse.com Inc. (OTCQB:HEWA) http://www.healthwarehouse.com/ Maximum News Dissemination by FSCwire. http://www.fscwire.com Copyright(C)2015 Filing Services Canada Inc.
HealthWarehouse.com Reports 9.3% Sales Growth Quarter over Quarter
Filing Services Canada - Thu May 14, 7:00AM CDT
HealthWarehouse.com Reports 9.3% Sales Growth Quarter over Quarter Net Loss Narrows by 65.6% While Gross Margin Remains Steady at 61% Cincinnati, Ohio (FSCwire) - HealthWarehouse.com, Inc. (OTCQB:HEWA), the only VIPPS accredited online and mail-order pharmacy licensed in all 50 states, today announced financial results for the quarter ended March 31, 2015. For the quarter ended March 31, 2015, net sales improved to $1,612,676 up 9.3% from the prior quarter ended December 31, 2014. Gross margin remained steady at 61% while net loss narrowed by 65.6% to ($200,788) from the quarter ended March 31, 2015 from ($582,340) for the quarter ended December 31, 2014. For the quarter ended March 31, 2015, HEWA reported adjusted EBITDAS of ($65,406), vs. adjusted EBITDAS of ($392,436) for the quarter ended December 31, 2014, an improvement of 82.9%. The Company believes that adjusted EBITDAS (Earnings Before Interest, Taxes, Depreciation, Amortization and Stock-Based Compensation), a non-GAAP financial measure, is useful in evaluating its operating performance compared to that of other companies in our industry. Our renewed focus to serve online consumers who pay out of pocket for their prescriptions has begun to show gains financially with core online prescription and over-the-counter (OTC) revenue growth and significantly reduced net losses. Moreover, evidence that we are providing a valuable service is shared daily in our customer reviews, said Mr. Lalit Dhadphale, President & CEO of HealthWarehouse.com. A customer recently shared the following review, These guys are awesome! I've been dealing with HealthWarehouse.com for a good many years and have never been anything but satisfied. I take quite a bit of medication and their prices for generics have been even lower than my copay with my insurance when I had been working. Now that I'm on Medicare, I have a Part D plan for medication. Some generic drugs I take aren't even covered by the plan. So, I get them through HealthWarehouse.com. Reasonable prices, quick delivery, exceptional customer service. 1st Quarter 2015 Highlights: Â?[[44]] Net Sales: Increased by $137,421 or 9.3% compared to the 4th Quarter of 2014, due to increased advertising activity, specifically with Google. Â?[[44]] Gross Profit: Increased by $75,498 or 8.3% compared to the 4th Quarter of 2014 due to the sales growth while holding margins steady at 61% . Â?[[44]] SG&A Expenses: Declined by $576,756 or 34.2% compared to the 4th Quarter of 2014, primarily due to reductions in stock based compensation, litigation settlement and legal expenses. Â?[[44]] Net Loss: Declined by $381,552 or 65.5% compared to the 4th Quarter of 2014 as a result of the increased net sales and reduced operating expenses as detailed above. About HealthWarehouse.com HealthWarehouse.com, Inc. (OTCQB:HEWA) is a trusted VIPPS accredited online pharmacy based in Florence, Kentucky. The Company is focused on the growing out of pocket prescription market, which is expected to grow to $80 billion in 2015. With a mission to provide affordable healthcare to every American by focusing on technology that is revolutionizing prescription delivery, HealthWarehouse.com has become the largest VIPPS accredited online pharmacy in the United States. HealthWarehouse.com is licensed in all 50 states and only sells drugs that are FDA-approved and legal for sale in the United States. Visit HealthWarehouse.com online at http://www.HealthWarehouse.com (http://us.lrd.yahoo.com/SIG=11jgvkj9s/EXP=1313683171/**http%3A/www.healthwarehouse.com/). Forward-Looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect HealthWarehouse.com (http://healthwarehouse.com/)'s financial results is included in HealthWarehouse.com (http://healthwarehouse.com/)'s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings. Use of Non-GAAP Measures HealthWarehouse.com (http://healthwarehouse.com/), Inc. (the "Company"
HealthWarehouse.com Reports 2014 Annual Results
Filing Services Canada - Thu Apr 02, 7:32AM CDT
HealthWarehouse.com Reports 2014 Annual Results Cincinnati, Ohio (FSCwire) - HealthWarehouse.com, Inc. (OTCQB:HEWA), the only VIPPS accredited online and mail-order pharmacy licensed in all 50 states, today announced financial results for the year ended December 31, 2014. For the year ended December 31, 2014, gross margin improved to 59.3%, up from 50.0%, while net loss narrowed by 67.5%, to ($1,783,279) from ($5,489,892). Net sales were $6,129,660 for the year ended December 31, 2014, a 40.1% decrease from the comparable period in 2013, as the Company shed non-profitable business relations in 2014 to focus on the higher margin out of pocket cash prescription market. For the year ended December 31, 2014, HEWA reported adjusted EBITDAS of ($596,594), vs. adjusted EBITDAS of ($870,207) in the year ended December 31, 2013, an improvement of 31.4%. The Company believes that Adjusted EBITDAS (Earnings Before Interest, Taxes, Depreciation, Amortization and Stock-Based Compensation), a non-GAAP financial measure, is useful in evaluating its operating performance compared to that of other companies in our industry. Mr. Lalit Dhadphale, HealthWarehouse.coms President and CEO, commented, In order to position our Company for sustainable and profitable growth, we made the decision to focus our business efforts on the growing out of pocket prescription market and wind down other non-profitable business relations in late 2013 and 2014. With continued pressures on employers to contain healthcare costs, consumers are assuming higher co-pays and deductibles, and paying more upfront out of pocket expenses for their prescriptions. This opportunity in the cash prescription market has never been greater. While this transition negatively impacted revenue growth, we continue to realize improved gross margins and operating efficiencies from the implementation of our 2013/2014 initiatives as operating losses continue to shrink. With these right-sizing measures in place and the completion of the capital raise in the second half of last year, we are turning our attention toward renewing revenue growth through new marketing initiatives and improved customer experience with improvements to our website. The combination of top line growth and improved operating margins should position us for profitable growth going forward. 2014 Highlights: Â?[[44]] Timely filing of all Quarterly and Annual Reports with the Securities & Exchange Commission Â?[[44]] Equity Raise: Completed private equity raise of approximately $1.65 million, September 2014 Â?[[44]] Senior Debt: Renewal of Senior Debt for six months to September 2015, with ability to extend maturity date to March 2016 by meeting certain financial requirements Â?[[44]] Inventory: Reduced inventory by 48% or $133,000 Â?[[44]] Accounts Receivable: Reduced accounts receivable by 67% or $206,000 Â?[[44]] Accounts Payable: Including settlements, reduced accounts payable by 23% or $767,000 Â?[[44]] Average Quarterly RX fill time: Improved to 3.2 days from 3.9 days Â?[[44]] Average Quarterly OTC fill time: Improved to 1.8 days from 11.9 days Â?[[44]] Relaunch of Website: Relaunched website with responsive design for mobile devices 2014 Details: Â?[[44]] Net Sales: Declined by 40.1% compared to 2013, due to the reduction in business-to-business sales and cash flow constraints. Due to cash flow constraints, the Company was unable to consistently expand its advertising efforts to grow its core online prescription business and was not able to maintain over-the-counter inventories to satisfy incoming orders. Â?[[44]] Gross Margin: Increased from 50.0% in 2013 to 59.3%, primarily due to improvement in the Companys costs associated with improved vendor purchasing agreements, the elimination of unprofitable business relations, the reduction of lower-margin business-to-business sales relative to total sales and efforts to improve profitability across the entire product line. Â?[[44]] SG&A Expenses: Declined by 28.9% compared to 2013, primarily due to reductions in legal, salary and contract labor related to warrants issued, freight and health benefits expenses. Â?[[44]] Net Loss: Declined by 67.5% compared to 2013 as a result of the increased profit margins and reduced operating expenses as detailed above. About HealthWarehouse.com HealthWarehouse.com, Inc. (OTCQB:HEWA) is a trusted VIPPS accredited online pharmacy based in Florence, Kentucky. The Company is focused on the growing out of pocket prescription market, which is expected to grow to $80 billion in 2015. With a mission to provide affordable healthcare to every American by focusing on technology that is revolutionizing prescription delivery, HealthWarehouse.com has become the largest VIPPS accredited online pharmacy in the United States. HealthWarehouse.com is licensed in all 50 states and only sells drugs that are FDA-approved and legal for sale in the United States. Visit HealthWarehouse.com online at http://www.HealthWarehouse.com (http://us.lrd.yahoo.com/SIG=11jgvkj9s/EXP=1313683171/**http%3A/www.healthwarehouse.com/). Forward-Looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Actual results may differ significantly from management's expectations. These forward-looking statements involve risks and uncertainties that include, among others, risks related to competition, management of growth, new products, services and technologies, potential fluctuations in operating results, international expansion, outcomes of legal proceedings and claims, fulfillment center optimization, seasonality, commercial agreements, acquisitions and strategic transactions, foreign exchange rates, system interruption, inventory, government regulation and taxation, payments and fraud. More information about factors that potentially could affect HealthWarehouse.com (http://healthwarehouse.com/)'s financial results is included in HealthWarehouse.com (http://healthwarehouse.com/)'s filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent filings. Use of Non-GAAP Measures HealthWarehouse.com (http://healthwarehouse.com/), Inc. (the "Company"
HealthWarehouse.com Renews Senior Secured Debt With Melrose Capital
Filing Services Canada XHTML - Wed Mar 18, 8:00AM CDT
HealthWarehouse.com Responds to Senator Klobuchar & McCain on Reintroduction of Canadian Pharmacy Bill
Filing Services Canada XHTML - Tue Jan 27, 7:33AM CST
HealthWarehouse.com Relaunches Website for Consumers Who Pay Out of Pocket for Prescriptions
Filing Services Canada XHTML - Wed Jan 07, 8:08AM CST
HealthWarehouse.com Reports Third Quarter 2014 Results
Filing Services Canada XHTML - Mon Nov 24, 7:02AM CST