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| BICX Volume Explodes on Strong Financial Results Up 10% |
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 Hot Stock to Watch |
Company: BioCorRx Inc. (OTCQB: BICX)
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Last:
Price: 0.1249
Change (%): + 0.0249 (24.90)
Volume: 156,262 |
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BioCorRx, Inc. Reports 2014 Financial Results
Los Angeles, April 2, 2015 (GLOBE NEWSWIRE) - BioCorRx, Inc. (BICX), developer of the Start Fresh Program® used for the treatment of alcohol and opioid dependence, announces its 2014 Financial Results with highlights as follows:
Increased revenues by 64% over 2013 led by our Start Fresh Program fees.
Over a 400% increase in patients treated with the Start Fresh Program from 2013 to 2014.
Successfully closed out 6 licensing agreements and strategic partnerships granting licensing rights to the Start Fresh Program in territories throughout the United States.
Eliminated nearly 1 million dollars in convertible debt, improving the capital structure of BioCorRx and strengthening the Company’s balance sheet.
2014 GAAP Financial Summary:
- Revenues were 1.17 million dollars.
- Net cash from continuing operations was $167,700.
- Net Loss was 3.1 million dollars.
Non-GAAP Adjusted EBITDA:
- Adjusted EBITDA was a loss of 1.1 million dollars.
“Our record year ended with a total of 10 clinics offering the Start Fresh program by year end. It was a great end to what was an all-around successful year for BioCorRx Inc.” said Lourdes Felix, CFO of BioCorRx Inc. “We were able to upsurge our Start Fresh Program while continuing to execute and further expand our core market. Moving on to 2015, we will continue to look for and create opportunities for growth and expansion through strategic relationships like the ones we have created with EROI and Myriad Medical Marketing. We also look forward to the potential acquisition of Trinity Compound Solutions this year and their list of formulas, including the formula for the Naltrexone implant which we already have exclusive rights to (except Australia and New Zealand) and is used in the Start Fresh Program. Our vision remains to provide benefit to our shareholders, strategic partners, employees and more importantly, the families that are helped by our wonderful program.”
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