AdvanSource Biomaterials Reports Fiscal 2016 First Quarter Results And Second Consecutive Quarterly Profit

WILMINGTON, Mass.--(BUSINESS WIRE)--AdvanSource Biomaterials Corporation (OTCQB: ASNB), a leading developer of advanced polymer materials for a broad range of medical devices, today announced financial results for its fiscal 2016 first quarter ended June 30, 2015 resulting in second consecutive quarterly profit.

Total revenues for the three months ended June 30, 2015 were $1,171,000, compared with $621,000 for the comparable prior year period, an increase of $550,000, or 89%.

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