Accelr8 Technology Corporation Announces Positive Earnings, Major Progress with BACcel(TM) Rapid Diagnostics Development

DENVER--(BUSINESS WIRE)--Accelr8 Technology Corporation (NYSE Amex: AXK) announced its financial results for the first fiscal quarter ended October 31, 2010. Net sales revenues totaled $466,362; net income from operations was $49,974 with total net income of $67,250. For the previous quarter, net sales were $15,549 with a loss from operations of $(423,373) and a total net loss of $(411,981). Shareholders’ equity totaled $4,985,682 at the current quarter’s end, up from $4,909,778 at the end of the previous fiscal quarter.

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