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As of 8:10 PM 08/19/14 All times are local (Market data is delayed by at least 15 minutes).

assured pharmacy inc (APHY) Snapshot

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10/8/13 - $0.60
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assured pharmacy inc (APHY) Details

Assured Pharmacy, Inc. operates pharmacies that provide pain medications for chronic pain management to physicians and patients in the United States. It primarily sells prescription drugs. As of December 31, 2013, it operated two pharmacies in Kirkland, Washington and Leawood, Kansas. The company was formerly known as eRXSYS, Inc. and changed its name to Assured Pharmacy, Inc. in October 2005. Assured Pharmacy, Inc. was founded in 1999 and is based in Frisco, Texas.

16 Employees
Last Reported Date: 04/25/14
Founded in 1999

assured pharmacy inc (APHY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $250.0K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $225.0K
Chief Operating Officer
Total Annual Compensation: $225.0K
Compensation as of Fiscal Year 2013.

assured pharmacy inc (APHY) Key Developments

Assured Pharmacy Inc. Reports Earnings Results for the First Quarter Ended March 31, 2014

Assured Pharmacy Inc. reported earnings results for the first quarter ended March 31, 2014. Due to the restructuring and streamlining of the business in mid-2013, the company reported a financial comparison to the prior sequential quarter ending December 31, 2013. For the first quarter ended March 31, 2014, revenues increased 36% to $1.6 million, as compared to $1.2 million in the fourth quarter ended December 31, 2013. The increase in revenue is due to the increases in prescriptions, patients and sales per prescription. Operating loss for the first quarter of 2014 improved by approximately $160,000, from $709,000 in the fourth quarter of 2014 to $550,000 in the first quarter of 2014. The Company's net loss for the first quarter of 2014 decreased by approximately $581,000, from $456,000 net income in the fourth quarter of 2013 to $125,000 in net loss for the first quarter 2014. The decrease is primarily attributable to a $1.5 million gain on extinguishment of debt in the fourth quarter of 2013 compared to a $213,000 gain in the first quarter 2014 which was partially offset by improvements in interest expense and gains on changes in fair market value of derivative and warrant liability. Net cash used in operations reduced to $202,000 for the quarter.

Assured Pharmacy Inc. announced delayed annual 10-K filing

On 04/01/2014, Assured Pharmacy Inc. announced that they will be unable to file their next 10-K by the deadline required by the SEC.

Assured Pharmacy Inc. Amends Articles of Incorporation

Assured Pharmacy Inc. announced the amendment and restatement of the Articles of Incorporation of the company to increase the authorized number of shares of common stock available for issuance from 35,000,000 to 100,000,000, by consent of its shareholders in lieu of a meeting in its definitive proxy statement, as filed with the U.S. Securities and Exchange Commission on October 29, 2013.


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