InstaCare Corp (ISCR)

InstaCare Corp. (ISCR.OB) :the shares ran from a previous close of .048 to todays close at .129, the volume soared form the average of 265k/day to over 12.9m on the financial news release. The following is the revenue report to see the entire report go to yahoo finance.

for the three months ended September 30, 2009 was $4,491,831 compared to revenue of $3,439,271 in the three months ended September 30, 2008. This resulted in an increase in revenue of $1,052,560, or 31%, from the same period a year ago. The increase in revenue over the three months ended September 30, 2008 was a result of our market focus toward direct sale and direct to patient sale of diabetic test strips and medical-surgical products into several medical channels.

Cost of sales/Gross profit percentage of sales

Our cost of sales for the three months ended September 30, 2009 was $4,180,868, an increase of $947,488, or 29% from $3,233,370 for the three months ended September 30, 2008. The increase in cost of sales during the current period was due to changes and decreases in the national Medicare reimbursement and the company's focus on increasing sales over the prior quarter in our direct to patient market sales.

Gross profit as a percentage of sales increased from 6% for the three months ended September 30, 2008 to 7% for the three months ended September 30, 2009. The decrease in gross profit margin was caused by three market forces; (a) a change in our product mix whereby we increased our sales levels in medical surgical sales markets to extended care facilities, which historically have a lower profit margin, (b) a lowered reimbursement allowed by the federal Medicare program and private insurers, and (c) a deteriorated economy which has lowered our ability to push "stock up" behavior among our patients.