BIOQUAL Presents Financial Results For Third Quarter Of Fiscal Year 2016

May 12, 2016 |

1 min read

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

	Nine Months Ended				Three Months Ended
	February 29,		February 28,		February 29,		February 28,
	2016		2015		2016		2015
Revenue	$	23,398,669	$	21,481,088	$	8,796,046	$	7,180,295
Income Before Income Tax	$	2,538,783	$	2,305,846		1,047,790		621,157
Net Income	$	1,466,083	$	1,292,452		647,390		301,533
Basic Earnings per Share
of Common Stock	$	1.64	$	1.45		.72		.34
Diluted Earnings per Share
of Common Stock	$	1.64	$	1.45		.72		.34
Weighted Average
Number of Shares Outstanding
For Basic Earnings		893,466		893,466		893,466		893,466
Weighted Average
Number of Shares Outstanding
For Diluted Earnings		893,466		893,466		893,466		893,466

For more detail related to the fiscal year 2016 third quarter results, please visit our web site at www.bioqual.com.

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.

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

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