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Financial Report: BASi

August 14, 2014

Service revenues up 14% in the quarter


3Q Revenues: $6.0 million (+8%)

3Q Earnings: $215,000 (-63%)

YTD Revenues: $18.2 million (+10%)

YTD Loss: $666,000 (earnings were $521 million YTD13)

Comments: Service revenue in the quarter increased 14% to $4.8 million primarily due to higher toxicology revenue, offset slightly by lower bioanalytical analysis revenue. Product revenue decreased 12% to $1.3 million. Earnings in the quarter and YTD were affected by non-cash decreases in the fair value of warrant liability of $66,000 and $1.1 million, respectively.