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Article: Bioanalytical Systems, Inc. Reports First Quarter 2005 Financial Results.
- Article from:
- Business Wire
- Article date:
- February 11, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WEST LAFAYETTE, Ind. -- Bioanalytical Systems, Inc. (Nasdaq:BASI) today reported financial results for its first quarter of fiscal 2005, ended December 31, 2004. Revenue increased 10% to $9.7 million compared to $8.8 million for the quarter ended December 31, 2003. Net income for the first quarter of fiscal 2005 was $404,000, or $0.08 per basic and diluted share, compared to a net loss of $130,000, or $0.03 per basic and diluted share for the first quarter of fiscal 2004. Increased sales effort resulted in better capacity utilization and a 22% increase in service revenue in the current year when compared to fiscal 2004. A 14% decrease in product revenues was the result of ...