HemaCare Corp. Reports Improved Quarterly Results and Strengthened Balance Sheet

LOS ANGELES--(BUSINESS WIRE)--HemaCare Corporation today reported results for the quarter ended March 31, 2012. For the period, consolidated revenue from continuing operations increased by 15%, from $3.91 million to $4.48 million, while the net loss from operations fell to $213,000 from $495,000 in the year earlier period. On a quarterly sequential basis, consolidated revenue from continuing operations increased by 8.4% and the net operating loss from continuing operations decreased by 68% compared to the quarter ended December 31, 2011. The 2012 first quarter also included a one-time non-cash gain of $1.92 million due to the discharge of liabilities related to the Company’s former HemaCare BioScience, Inc. Subsidiary (“HemaBio”).

Back to news