American Bio Medica Corporation (ABMC) Reports First Quarter 2011 Results
5/16/2011 9:30:17 AM
KINDERHOOK, N.Y.--(BUSINESS WIRE)--American Bio Medica Corporation (ABMC.PK) today announced financial results for the three months ended March 31, 2011. Net sales for the first quarter of 2011 were $2,047,000, a decrease of $379,000, or 15.6%, when compared to net sales of $2,426,000 in the first quarter of 2010. Operating loss for the first quarter was $374,000, compared to an operating loss of $219,000 reported in the first quarter of 2010. Net loss for the first quarter of 2011 was $425,000, or $0.02 per share, compared to a net loss of $276,000, or $0.01 per share for the first quarter of 2010.