On August 12, Pacific Health Care Organization (OTCQB:PFHO) reported fiscal second-quarter results. Revenue jumped 44% to $2.3 million. Net income leaped 74% to $0.50 million or $0.62 per share. Operating cash flow was even better, soaring 122% to $0.85 million bringing Pacific Health Care's cash balance to over $2 million.
The press release was bare bones, but the accompanying 10Q contained a couple of more clues. It stated,
"We expect increases in revenues to continue in the third quarter of 2014, when compared to the third quarter of 2013. We expect most of this increase to be generated from services offered by the company to existing and new customers."
Pacific Health Care tends to be very conservative with its forward-looking statements. Because of similar language, I expected record results in my previous article entitled A Hint That Pacific Health Care Organization's Next Quarter Will Be A Killer and it was delivered. I expect the third quarter will therefore be a new record and a killer as well.
Disclosure: The author is long PFHO. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article.
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