BIOQUAL Presents Financial Results for Fiscal Year 2018 and Declares Dividend

Sept. 11, 2018 16:57 UTC

ROCKVILLE, Md.--(BUSINESS WIRE)-- BIOQUAL, Inc. (OTC Pink: BIOQ) (www.bioqual.com):

                 

 

     

2018

     

2017

                 
Revenue       $ 35,884,965       $ 36,602,975
                     
Income Before Income Tax       $ 5,286,278       $ 6,486,940
                     
Net Income       $ 3,662,070       $ 3,963,128
                     

Basic Earnings per Share of Common Stock

     

$

4.10

     

$

4.44

                     

Diluted Earnings per Share of Common Stock

     

$

4.10

     

$

4.44

                     

Weighted Average Number of Shares Outstanding For Basic Earnings Per Share

 

 

 

 

893,416

     

 

893,416

                     

Weighted Average Number of Shares Outstanding For Diluted Earnings Per Share

       

893,448

     

 

893,416

                 

BIOQUAL’s Board of Directors has declared a dividend of $.60 per share for shareholders of record on September 19, 2018, payable on October 10, 2018. This is the seventeenth dividend declared by BIOQUAL.

Statements herein that are not descriptions of historical facts are forward-looking and subject to risk and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors including risks relating to the ability to continue to extend current government contracts and obtain new contracts; the Company’s ability to obtain new commercial contracts; the performance of the business acquired in the ABL acquisition; the Company’s ability to perform under its contracts in accordance with the requirements of the contracts; the actual cost incurred in performing its contracts and the Company’s ability to manage its costs; dependence on third parties; future capital needs; the ability to fund its capital needs through the use of its cash on hand and line of credit; and the future availability and cost of financing/capital sources to the Company.

Contacts

BIOQUAL, Inc.
Mark G. Lewis, Ph.D., CEO, 240-404-7654

 
 

Source: BIOQUAL, Inc.

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