HemaCare Corporation (OTC BB: HEMA) today announced third quarter 2005 results of operations with the highest level of quarterly revenue in the Company's history. Revenue for the quarter was $7,768,000, which represents a $1,450,000, or 23%, increase from $6,318,000 reported for the same period of 2004. The Company also reported net income of $295,000, or $0.04 per share basic and $0.03 per share diluted, marking the eighth consecutive profitable quarter. Net income decreased $180,000, or 38%, from $475,000 reported for the third quarter of 2004, or $0.06 per share basic and diluted; however, in the third quarter of 2004 the Company recorded a one-time non-operating gain as a result of a $167,000 refund of sales taxes paid in prior periods.
