This could be the reason for the BRLI move the past couple of months>Bio-Reference Laboratories Posts Record Profits On Record Revenues for Second Quarter
Company continues to extend record growth to nine consecutive quarters
ELMWOOD PARK, N.J.--(BW HealthWire)--June 14, 2001-- Bio-Reference Laboratories, Inc. (NASDAQ: BRLI - news) reported record income of $502,501, or $.05 per share, on record revenues of $19,831,231 for the fiscal second quarter ended April 30, 2001, an increase of 22% over the second quarter FY2000 revenues of $16,286,141. The record income compared favorably to a loss of $(122,283) for the second quarter FY2000 and was the largest quarterly profit in the Company's history, excluding a one-time gain for the sale of assets. Gross Profit for the period rose 25% to $8,928,342 from $7,161,988 in the second quarter FY2000. The Company's improvement was based on organic sales growth as the second quarter FY2001 patient count increased 25% to 426,832 from 340,108 in the second quarter FY2000.
During the six month period ended April 30, 2001, the net revenues increased 22% from $31,315,702 to $38,218,403, gross profit increased 25% from $13,686,106 to $17,054,790, and the Company recorded a profit of $624,530 versus a loss of $(217,848) when compared to the six month period ended April 30,2000. Patient count increased by 22% from 652,499 to 797,083 over the same six-month period.
During the three month period ended April 30, 2001, Bio-Reference announced that it has executed a contract to provide the clinical laboratory work for the Eastern Pennsylvania state prisons, expanding its prison healthcare program into the state of Pennsylvania. The Company's PSIMedica business unit entered into a Master Reseller Agreement with XCARE.net to provide customers of XCARE with data analytics. The Company also announced that Morton Topfer, former Co-CEO and Vice Chairman of Dell Computer, has joined its Board of Directors and invested in Bio-Reference Laboratories.
Some of the little ratdog stocks are making more profits per share than many of the over-bought big caps.......There might be a message in that........
My ORCL & LU puts looking green, the triple witch scores again.. |
