1Q Revenues: $6.2 million (+7%)
1Q Loss: $662,000 (earnings were $256 million 1Q12)
Comments: Service revenue was up 5% to $4.9 million. Product revenue increased 15% to $1.3 million, primarily due to higher sales of Culex automated sampling systems. Results include the impact of a change in warrant liability of $961,000 and a payment of $1.2 million to the company’s line of credit.
Financial Report: BASi
By Kristin Brooks
Published February 13, 2014
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