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American Bio Medica Corporation (ABMC) Reports Fourth Quarter and Year End 2011 Results


4/16/2012 4:47:03 PM

KINDERHOOK, N.Y.--(BUSINESS WIRE)--American Bio Medica Corporation (ABMC.PK) today announced financial results for the fourth quarter and the year ended December 31, 2011.

Net sales in the fourth quarter of 2011 were $2,374,000, an increase of 1.5% from net sales of $2,340,000 in the fourth quarter of 2010. Operating income for the fourth quarter of 2011 was $27,000, compared to an operating loss of $290,000 in the fourth quarter of 2010. Net loss in the fourth quarter of 2011 was $15,000, or $0.00 per share, compared to a net loss of $342,000, or $0.02 per share, in the fourth quarter of 2010.

Read at BioSpace.com


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