[NASDAQ:BITI] BIO-IMAGING TECHNOLOGIES, INC. > 7.75
Wednesday May 7, 7:00 am ET
Bio-Imaging Technologies Announces First Quarter 2008 Financial Results
* Service revenues increased 27% to $11.1 million for first quarter 2008 as compared to $8.7 million for first quarter 2007.
* Operating income increased 130% in first quarter 2008 to $1,153,000 as compared to operating income of $501,000 for first quarter 2007.
* Net income increased 108% to $823,000 for first quarter 2008, or $0.06 per fully diluted share, versus net income of $395,000, or $0.03 per fully diluted share, in first quarter 2007.
* Backlog increased 24% to $96.3 million, as of March 31, 2008, as compared to $77.6 million as of March 31, 2007. These amounts do not include any backlog associated with PDS.
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