SEATTLE--(BUSINESS WIRE)--Pacific Biometrics, Inc. (“PBI”) (OTCBB:PBME), a leading provider of specialty central laboratory and contract research services, released financial results for fiscal 2007. Revenues for the year ended June 30, 2007, decreased 21.1% to $8,480,330 from $10,750,023 for the comparable period last year. Operating income decreased to a loss of $564,763 from an income of $1,846,445 for the same period last year. EBITDA income decreased to $459,353 compared to $1,723,806 for fiscal 2006. The company ended with a net loss for the year of $1,213,090 (which includes $560,415 in restricted share and option grants) or $0.06 per fully diluted share, compared with net earnings of $179,103, or $0.01 per fully diluted share, for the same period during fiscal 2006. Cash flow from operations declined to $163,629, from $681,317 for the same period last year.
