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Profile - HEARx Ltd. (AMEX:EAR)
As of 31-Aug-2001
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Location
1250 Northpoint Parkway
West Palm Beach, FL 33407
Phone: (561) 478-8770
Fax: (561) 478-9603
Employees (last reported count): 375
Financial Links
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 ·Top Mutual Fund Holders
 ·Historical Quote Data
 ·Free Annual Report
 ·Raw SEC Filings at sec.gov
Competitors:
 ·Sector: Services
 ·Industry: Retail (Specialty)
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Ownership
·Insider and 5%+ Owners: 21%
·Institutional: 7% (9% of float)
(22 institutions)
·Net Inst. Buying: 20.0K shares (+2.02%)
(prior quarter to latest quarter)
More From Market Guide
 ·Highlights
 ·Performance
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Business Summary
HEARx Ltd. operates a network of hearing-care centers that provide a full range of audiological products and services for the hearing impaired. At year-end 2000, the Company operated a total of 80 centers. These included 33 in Florida, 13 in New York, 15 in New Jersey and the 19 HEARx West centers in California. HEARx and its subsidiary, HEARx West LLC, a joint venture with the Permanente Federation LLC, receive a per-member-per-month fee for more than 1.3 million managed-care members. In total, HEARx has over 170 contracts for hearing care with various healthcare providers. Each HEARx center is staffed or supervised by a minimum of one professionally trained, licensed and certified audiologist, and at least one patient-care coordinator. The majority of the Company's centers are located in strip shopping centers, and are typically 1,500 to 2,500 square feet in size.
More from Market Guide: Expanded Business Description

Financial Summary
HEARx Ltd. operates a network of hearing care centers which provide a full range of audiological products and services for the hearing impaired. For the 26 weeks ended 6/30/01, revenues fell 15% to $23.9 million. Net loss applicable to Common totaled $6.1 million, up from $1.4 million. Revenues reflect the impact of an overall downward trend in the nation's economy. Higher loss also reflects increased bad debt expenses and expanded corporate functional expenses.
More from Market Guide: Significant Developments

Officers[Insider Trade Data]
FY2000 Pay

Paul Brown, M.D., 63
Chairman, CEO
$300K
Stephen Hansbrough, 54
Pres, COO
275K
Donna Taylor, 44
Sr. VP of Sales, Operations
165K
James Peklenk, 54
VP - Fin. and CFO
165K
Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc..
More from Market Guide on Officers & Directors:
Expanded List, Bios, Compensation, Options
Statistics at a Glance -- AMEX:EARAs of 31-Aug-2001
Price and Volume
52-Week Low
on 27-Dec-2000
$1.00 
Recent Price$1.20 
52-Week High
on 18-Sep-2000
$3.50 
Beta0.41 
Daily Volume (3-month avg)16.7K
Daily Volume (10-day avg)13.0K
Stock Performance
[one-year price graph]
big chart [1d | 5d | 3m | 6m | 1y | 2y | 5y | max]
52-Week Change-60.8%
52-Week Change
relative to S&P500
-47.4%
Share-Related Items
Market Capitalization$16.0M
Shares Outstanding13.3M
Float10.5M
Dividends & Splits
Annual Dividendnone 
Last Split: 1 for 10 on 1-July-1999
Per-Share Data
Book Value (mrq)$0.44 
Earnings (ttm)-$0.75 
Earnings (mrq)-$0.23 
Sales (ttm)$4.22 
Cash (mrq)$0.53 
Valuation Ratios
Price/Book (mrq)2.75 
Price/EarningsN/A 
Price/Sales (ttm)0.28 
Income Statements
Sales (ttm)$52.0M
EBITDA (ttm)-$5.19M
Income available to common (ttm)-$9.36M
Profitability
Profit Margin (ttm)-15.2%
Operating Margin (ttm)-15.2%
Fiscal Year
Fiscal Year EndsDec 29
Most recent quarter30-June-2001
Management Effectiveness
Return on Assets (ttm)-35.02%
Return on Equity (ttm)-86.47%
Financial Strength
Current Ratio (mrq)1.21 
Debt/Equity (mrq)1.40 
Total Cash (mrq)$7.00M
Short Interest
As of 8-Aug-2001
Shares Short8,000 
Percent of Float0.1%
Shares Short
(Prior Month)
8,000 
Short Ratio0.47 
Daily Volume17.0K
See Profile Help for a description of each item above;   K = thousands;   M = millions;   mrq = most-recent quarter;   ttm = trailing twelve months;   (as of 30-June-2001)

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