KINDERHOOK, N.Y.--(BUSINESS WIRE)--American Bio Medica Corporation (NASDAQ:ABMC) today announced unaudited financial results for the three and six month periods ending June 30, 2007.
Net sales for the second quarter of 2007 were $3,436,000 compared to $3,670,000 in the same quarter in 2006, representing a decrease of $234,000, or 6.4%. For the six months ended June 30, 2007, net sales were $6,611,000, a decrease of $482,000, or 6.8%, over $7,093,000 for the six months ended June 30, 2006. The Company attributes the decline in sales primarily to decreases in contract manufacturing sales and outside sales, which were partially offset by increases in national account sales and international sales. Although contract manufacturing sales were down $406,000 for the first half of 2007, the Company does not expect a decline in contract manufacturing sales for the full fiscal year 2007.
