Seeking Alpha

Medbox, Inc. (MDBX)

  • May 15, 2014, 4:53 PM
    • Net revenues: $0.332M (-73.4%); gross profit: ($560.2K) vs $625.5K; loss from operations: ($1.273M) (-286%); net loss: ($1.259M) (-281%); non-GAAP loss/share: ($0.04) (-300%); quick assets (ex-A/R): $2.421M (+586%).
    • Operational highlights: six new subsidiaries formed to service various aspects of the cannabis industry (e.g. marijuana R&D, dispensary management, armored car transport).
    • (MDBX -3.4%) transitioned to the OTCQB tier of the OTC markets.
    • In San Diego, the City Council adopted an ordinance that reduced the number of dispensing licenses by 75%. The company had to establish a provision for sales refunds for $962.8K as a result.
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Company Description
Welcome to Medbox! Our Company features patented systems that dispense medication to individuals based on biometric identification (fingerprint sample). Our newly designed systems allow pharmacies, assisted living facilities, prisons, hospitals, doctor's offices, and alternative medicine clinics... More