HealthWarehouse.com, Inc., a trusted, retail mail-order pharmacy that offers over 300 prescription drugs for $3.50 and free shipping, recently announced its financial results for the first quarter ended March 31, 2010.
As a leading retail mail-order pharmacy, HealthWarehouse.com continues to expand with revenue growth and increased gross margins. The company’s net sales increased 63 percent to $1.24 million in the first quarter and gross margins increased to 51 percent compared with 24 percent one year ago. The company’s net loss for the quarter declined 28 percent to $319,000, compared with a net loss of $442,000 for the same period in 2009.
Pat Delaney, chief financial officer of HealthWarehouse.com, stated, “We are pleased with our results, as losses decrease while sales and gross margin increase. With prescriptions becoming a larger part of our product mix, we continue to see repeat customers and increased gross margins. Our results show we are providing the right service at the right time for consumers fed up with high drug prices.”
HealthWarehouse.com is licensed in 46 states and only sells drugs which are FDA-approved and legal for sale in the United States. For additional information, please visit www.HealthWarehouse.com.