CareRx Q3 Net Loss Narrows on Lower Finance Costs, Cost-Saving Moves-March 2024-www.financetom.com

CareRx Q3 Net Loss Narrows on Lower Finance Costs, Cost-Saving Moves

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CareRx Q3 Net Loss Narrows on Lower Finance Costs, Cost-Saving Moves

Nov 9, 2024 1:07 PM

08:40 AM EST, 11/08/2024 (MT Newswires) -- CareRx ( CHHHF ) , which provides pharmacy services to seniors in care communities, on Friday said its third-quarter net loss narrowed on

lower finance costs and the impact of cost-savings initiatives.

The loss narrowed to $0.4 million, or $0.01 per share, from $1.44 million, or $0.02 per share in the same quarter last year. Revenue contracted 1% to $92.8 million from $93.8 million last year due to a net reduction in the number of beds serviced.

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