To All, I just got an automatically sent e-mail from a edgar database provider that BRLI has filed a quarterly report.
This, however,is weird since there has been no company press release to date. Here is the URL:
freeedgar.com
BIO-REFERENCE LABORATORIES, INC.
STATEMENTS OF OPERATIONS
[UNAUDITED]
Three months ended Nine months ended
July 31, July 31,
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1 9 9 7 1 9 9 6 1 9 9 7 1 9 9 6
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<S> <C> <C> <C> <C>
NET REVENUES: $9,814,415 $8,928,529 $29,064,409 $25,912,800
------------ ---------- ---------- ----------- -----------
COST OF SERVICES:
Depreciation $ 101,094 $ 94,292 $ 286,370 $ 276,379
Employee Related Expenses 2,130,195 2,154,055 6,467,929 6,386,869
Reagents and Lab Supplies 1,118,741 1,131,878 3,513,617 3,270,054
Other Cost of Services 1,468,769 1,239,405 4,180,300 3,536,421
---------- ---------- ----------- -----------
TOTAL COST OF SERVICES $4,818,799 $4,619,630 $14,448,216 $13,469,723
---------------------- ---------- ---------- ----------- -----------
GROSS PROFIT ON REVENUES $4,995,616 $4,308,899 $14,616,193 $12,443,077
------------------------
General and Administrative Expenses:
Depreciation and Amortization $ 184,459 $ 156,485 $ 549,235 468,113
Other General and Admin. Expenses 2,851,933 2,708,364 8,505,267 8,068,547
Bad Debt Expense 1,339,457 1,032,021 3,986,739 3,161,054
---------- ---------- ----------- -----------
TOTAL GENERAL AND ADMIN. EXPENSES $4,375,849 $3,896,870 $13,041,241 $11,697,714
--------------------------------- ---------- ---------- ----------- -----------
OPERATING INCOME $ 619,767 $ 412,029 $ 1,574,952 $ 745,363
----------------
OTHER (INCOME) EXPENSES:
Interest Expense $ 275,715 $ 201,501 $ 834,145 $ 590,870
Interest Income (68,664) (69,890) (202,191) (221,248)
--------- --------- ----------- -----------
TOTAL OTHER EXPENSES - NET $ 207,051 $ 131,611 $ 631,954 $ 369,622
-------------------------- ---------- --------- ----------- -----------
INCOME BEFORE TAX $ 412,716 $ 280,418 $ 942,998 $ 375,741
-----------------
Provision for Income Taxes 45,849 -- 52,632 48,501
---------- ----------- ----------- -----------
NET INCOME $ 366,867 $ 280,418 $ 890,366 $ 327,240
---------- ========= ========= =========== ===========
NET INCOME PER SHARE $ .05 $ .06 $ .14 $ .06
-------------------- =========== ========== =========== ===========
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING 7,115,280 6,094,259 6,571,947 6,093,205
--------------------------------------------- ========== ========== =========== ========== |
