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Health care industry

Access Health Marketing Reports Net Loss in Q4 1994

Strategic Insights

— 1 min read

Access Health Marketing Inc., the leading provider of personal health management products and services, reported a net loss of $685,000, or 10 cents per share, on revenue of $4.1 million for its fourth fiscal quarter ended September 30, 1994. This compared to earnings of $203,000, or three cents per share, on revenue of $6.5 million for the same period a year ago. The company's revenue mix shifted from licensing to recurring sources, with support services revenues increasing to $15.1 million in 1994, compared to $12 million in 1993.

Key Takeaways:

  • The company reported a net loss of $685,000 in Q4 1994, with revenue of $4.1 million, compared to earnings of $203,000 on revenue of $6.5 million in the same period a year ago.
  • Commercial revenues for the fourth quarter, excluding development program revenues, were $4.1 million in 1994 compared to $4.3 million in 1993.
  • The company's revenue mix shifted from licensing to recurring sources, with support services revenues increasing to $15.1 million in 1994, compared to $12 million in 1993.
  • As a percentage of commercial revenues, recurring revenues increased to 93 percent in 1994 compared to 74 percent in 1993.
  • The company validated its managed care strategy in 1994, entering agreements for five million members in its Personal Health Advisor program, exceeding its original goal.
  • Enrollment in Personal Health Advisor was approximately 480,000 as of September 30, 1994, and has increased to approximately 900,000 with further increases scheduled in the coming months.
  • Access Health plans to extend its leadership position in the personal health management market in 1995 through securing membership commitments from new clients and expanding existing relationships.

Statistics:

  • Net loss: $685,000
  • Revenue: $4.1 million
  • Commercial revenues (excluding development program revenues): $4.1 million (1994) vs. $4.3 million (1993)
  • Support services revenues: $15.1 million (1994) vs. $12 million (1993)
  • Recurring revenues as a percentage of commercial revenues: 93% (1994) vs. 74% (1993)
  • Enrollment in Personal Health Advisor: 480,000 (as of September 30, 1994) vs. 900,000 (current)

Sources:

  • Access Health Marketing Inc.
  • Business Wire (Nov. 7, 1994)

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