Irvine, Calif., Aug. 05, 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 June 30, 2026.
Results
The Company reported total revenues of $1,774,651 for the quarter ended June 30, 2026, compared to $1,726,541 for the quarter ended June 30, 2025.
The Company reported income from operations of $369,396 for the quarter ended June 30, 2026, compared to income from operations of $303,559 for the quarter ended June 30, 2025.
The Company realized net income of $327,008 or $0.03 per weighted average share outstanding, basic and diluted, for the quarter ended June 30, 2026, compared to net income of $636,907 or $0.05 per weighted average share outstanding, basic and diluted, for the quarter ended June 30, 2025.
Net cash provided by operating activities was $222,793 and $785,838 in the six months ended June 30, 2026 and the six months ended June 30, 2025, respectively. This decrease in cash flow from operations during the first half of 2026 was the result of lower operating income, no receipt of employee retention credit refund checks, and changes in working capital balances.
Net cash used in investing activities was $151,937 during the six months ended June 30, 2026 and $664,536 during the six months ended June 30, 2025. The change in net cash used in investing activities was due to an additional cash investment made in the prior period that was not repeated in the current period.
During the six months ended June 30, 2026, the Company had $0 net cash used in financing activities compared to $35,930 during the six months ended June 30, 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 June 30, 2026 and December 31, 2025 was $2,239,664 and $2,168,808, respectively.
To better understand the Company's financial results for the fiscal quarter ended June 30, 2026, readers should review the Company's quarterly report on Form 10-Q filed with the SEC on August 4, 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 June 30, 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.
