CINCINNATI, Sept. 5, 2012 /PRNewswire/
-- HealthWarehouse.com, Inc. (OTC: HEWA) a leading VIPPS
accredited retail mail-order pharmacy, today announced its
financial results for the first quarter ended March 31, 2012.
In the first quarter of 2012, the Company's quarterly net sales
increased to $3,153,607 from
$2,284,552, up 38% compared to the
same period in 2011.
Selling, general and administrative expenses (SG&A)
increased by $730,780 in the first
quarter of 2012 compared to the same period in 2011. Net loss
in the first quarter of 2012 increased to $1,550,312, as compared with a net loss of
$1,071,279 for the same period in
2011. The increase in SG&A expenses and net loss was due
primarily to the expansion of resources to handle growth of the
Company's prescription sales.
"We are pleased with the growth we continue to see with our
business," said Lalit Dhadphale,
President and CEO of HealthWarehouse.com. "We remain focused on
execution and are excited by the solid sales we've witnessed from
the recent generic launches of Plavix® and Lipitor®. We expect this
momentum to continue with the recent releases of generic Actos® and
Singulair®. Additionally, we intend to take increasing market share
over the next few quarters by expanding our sales channels and
exceeding customer expectations."
About HealthWarehouse.com, Inc.
HealthWarehouse.com, Inc. (OTC: HEWA) is a trusted
VIPPS-accredited retail mail-order pharmacy based in the
Cincinnati area.
HealthWarehouse.com offers more than 300 prescription drugs for
$3.50 with 100% FREE shipping and is
a three-time consecutive winner of the BizRate Circle of Excellence
Award for outstanding customer satisfaction and service. With a
mission to provide affordable healthcare to every American by
eliminating inefficiencies in the drug distribution chain,
HealthWarehouse.com has become the leading online pharmacy in
the United States.
HealthWarehouse.com is licensed in all 50 states and DC, and only
sells drugs which are FDA-approved and legal for sale in the United
States. Visit HealthWarehouse.com online at
http://www.HealthWarehouse.com.
Actos® is a registered trademark of Takeda Pharmaceutical
Company Limited.
Lipitor® is a registered trademark of Pfizer Corporation.
Plavix® is a registered trademark of Sanofi-Aventis.
Singulair® is a registered trademark of Merck & Co.,
Inc.
SOURCE HealthWarehouse.com, Inc.