BioSpace.com

Biotech and Pharmaceutical
News & Jobs
Search the Site
 
   
Biotechnology and Pharmaceutical Channel Medical Device and Diagnostics Channel Clinical Research Channel BioSpace Collaborative    Job Seekers:  Register | Login          Employers:  Register | Login  

NEWSLETTERS
Free Newsletters
Archive
My Subscriptions

NEWS
News by Subject
News by Disease
News by Date
PLoS
Search News
Post Your News
JoVE

CAREER NETWORK
Job Seeker Login
Most Recent Jobs
Browse Biotech Jobs
Search Jobs
Post Resume
Career Fairs
Career Resources
For Employers

HOTBEDS
Regional News
US & Canada
  Biotech Bay
  Biotech Beach
  Genetown
  Pharm Country
  BioCapital
  BioMidwest
  Bio NC
  BioForest
  Southern Pharm
  BioCanada East
  US Device
Europe
Asia

DIVERSITY

INVESTOR
Market Summary
News
IPOs

PROFILES
Company Profiles

START UPS
Companies
Events

INTELLIGENCE
Research Store

INDUSTRY EVENTS
Biotech Events
Post an Event
RESOURCES
Real Estate
Business Opportunities

 News | News By Subject | News by Disease News By Date | Search News
eNewsletter Signup
Miles
Km80.5

   

Bio-Reference Laboratories (BRLI) Announces Record Revenues, Earnings and Cash Flow for Fourth Quarter and Full Fiscal Year


12/8/2011 7:28:05 AM

ELMWOOD PARK, N.J.--(BUSINESS WIRE)--(except for per share data or where otherwise noted, numbers are in thousands) Bio-Reference Laboratories, Inc. (NASDAQ: BRLI) announces best-ever quarterly and annual fiscal year results for revenues, earnings and cash. The Company recorded Q4FY11 revenues of $151,297, the strongest quarterly revenues in corporate history and an increase of 20% over the $126,596 recorded in Q4FY10. Net income before taxes in Q4FY11 totaled $18,854; an increase of 28% compared with net income before taxes of $14,716 in Q4FY10. Net income after tax for Q4FY11 totaled $10,476 or $.37 per share as compared with $8,576 or $.31 per share in the corresponding quarter in FY10. While the Company posted very strong results, the Company estimates that its earnings per share would have been approximately $.02 higher absent the effect of Hurricane Irene in late August and a devastating snowstorm in October. Gross profits on revenues for the current quarter were $74,913 resulting in a margin for gross profit on revenues of 50%, versus the $62,965 reported for the prior fiscal year fourth quarter, also resulting in a margin of 50%. Revenue per patient for Q4FY11 was $82.35, an increase of 1% from the $81.83 reported for the same quarter of the prior fiscal year. The number of patients served increased 19% to 1,822 in the current quarter from the prior year fourth quarter total of 1,534. Esoteric business for the Company was 58% of revenues for the fourth quarter of the current fiscal year and Days Sales Outstanding (DSO) was at 91 days. Cash flow from operations for the current quarter exceeded $19,000, substantially higher than any other quarter in the Company’s history.

Read at BioSpace.com

   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES