Stocks in play: Medical Facilities Corporation
Reported its financial results today for the first quarter ended March 31, 2023. All amounts are expressed in U.S. dollars unless indicated otherwise. Facility service revenue increased 8.4% to $109.3 million. Income from operations was $13.5 million, an increase of 4.9% when excluding government stimulus income of $1.8 million in Q1 2022. EBITDA was $19.1 million, an increase of 6.3% when excluding government stimulus income of $1.8 million in Q1 2022. Medical Facilities Corporation shares T.DR are trading up $0.20 at $9.00.
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