KINDERHOOK, N.Y.--(BUSINESS WIRE)--American Bio Medica Corporation (NASDAQ:ABMC) today announced unaudited financial results for the three month period ending March 31, 2007.
Net sales for the first quarter of 2007 were $3,175,000, compared to $3,423,000 for the same period last year, a decrease of $248,000 or a 7.2%. The Company reported that growth in national account sales and international sales was offset by a decrease in contract manufacturing sales of $291,000. While the Company saw a decrease in contract manufacturing sales on a comparative quarter to quarter basis, the Company does not expect to see a decline in contract manufacturing sales in fiscal year 2007 as compared to fiscal year 2006.
