Irvine, California, May 01, 2026 (GLOBE NEWSWIRE) -- Pacific Health Care Organization, Inc., (the "Company") (OTCQB: PFHO) filed yesterday with the Securities and Exchange Commission (the "SEC") its quarterly report on Form 10-Q announcing its financial results for the quarter ended March 31, 2026.
Results
The Company reported total revenues of $1,497,704 for the quarter ended March 31, 2026, compared to $1,818,814 for the quarter ended March 31, 2025.
The Company reported income from operations of $172,684 for the quarter ended March 31, 2026, compared to income from operations of $314,419 for the quarter ended March 31, 2025.
The Company realized net income of $193,669 or $0.02 per weighted average share outstanding, basic and diluted, for the quarter ended March 31, 2026, compared to net income of $292,663 or $0.02 per weighted average share outstanding, basic and diluted, for the quarter ended March 31, 2025.
Net cash provided by operating activities was $228,027 and $330,726 in the quarter ended March 31, 2026 and the quarter ended March 31, 2025, respectively, a decrease of $102,699.
Net cash used in investing activities was $0 during the quarter ended March 31, 2026 and $8,510 during the quarter ended March 31, 2025. The change in net cash used in investing activities was due to decreased purchases of new equipment during the first quarter of 2026.
During the quarter ended March 31, 2026, the Company had $0 net cash used in financing activities compared to $35,305 during the quarter ended March 31, 2025. The change in net cash used in financing activities from period to period was the result of the Company's insurance financing agreement maturing during fiscal year 2025.
The Company's balance of cash and cash equivalents at March 31, 2026 and December 31, 2025 was $2,396,835 and $2,168,808, respectively.
To better understand the Company's financial results for the fiscal quarter ended March 31, 2026, readers should review the Company's quarterly report on Form 10-Q filed with the SEC on April 30, 2026.
About Pacific Health Care Organization, Inc.
The Company specializes in workers' compensation cost containment. The Company's business objective is to deliver value to its customers that reduces their workers' compensation related medical claims expense in a manner that will assure that injured employees receive high quality healthcare that allows them to recover from injury and return to gainful employment without undue delay. Through its wholly owned subsidiaries, the Company provides a range of effective workers' compensation cost containment services, including but not limited to Health Care Organizations, Medical Provider Networks, medical case management, utilization review, medical bill review, workers' compensation carve-outs and Medicare set-aside services. The Company offers its services as a bundled solution, as standalone services, or as add-on services.
"Safe Harbor" Statement: Statements included in this press release, other than statements or characterizations of historical fact, are forward-looking statements. Forward-looking statements are based on management's current judgment, expectations, estimates, projections, and assumptions about future events. While management believes these assumptions are reasonable, such statements are not guarantees of future results and involve certain risks and uncertainties which are difficult to predict. Therefore, actual results and trends may differ materially from what is forecast in any forward-looking statement due to a variety of factors. Additional information regarding these factors is contained in the Company's filings with the SEC, including without limitation, its annual reports on Form 10-K and its quarterly reports on Form 10-Q.
All forward-looking statements speak only as of the date they were made. The Company does not undertake any obligation to update or publicly release any revisions to any forward-looking statements to reflect events, circumstances, or changes in expectations after the date of this press release.
To view the Company's quarterly report on Form 10-Q for the quarter ended March 31, 2026, filed with the SEC, and the Company's annual, quarterly and current reports and other information the Company files with or furnishes to the SEC go to: http://www.sec.gov. You may also view our annual reports on Form 10-K and our quarterly reports on Form 10-Q on our website at http://www.pacifichealthcareorganization.com.
