Printer Friendly

BIOPOOL REPORTS FIRST PROFITABLE QUARTER FROM OPERATIONS

 BIOPOOL REPORTS FIRST PROFITABLE QUARTER FROM OPERATIONS
 VENTURA, Calif., May 12 /PRNewswire/ -- Biopool International Inc.


(NASDAQ: BIPL) today reported a marked improvement in financial results for the first quarter, including profitability from operations for the first time in the company's history.
 For the three months ended March 31, 1992, the company achieved net income of $121,496, or $.02 per share, compared with a net loss of $48,301, or $.01 per share, for the same period in 1991. Sales for the period rose 68 percent to $1,180,015, from $704,200 in the corresponding 1991 quarter.
 Michael D. Bick, Ph.D., chief executive officer, said that a significant portion of increased sales was because of the acquisition in January 1992 of Medical Diagnostic Technologies Inc., a privately held company which tory," said Bick. "We are beginning to reap the benefits of our strategic plan, which encompasses enhanced worldwide distribution, new product introductions and the strategic acquisition of MeDiTech."
 Founded in January 1987, Biopool manufactures and markets a full range of test kits used to assess and diagnose disorders of blood coagulation, fibrinolysis, platelet function and the vascular system. The company has been public since May 1988, and its products are sold to hospitals and clinical laboratories worldwide.
 BIOPOOL INTERNATIONAL
 Selected Financial Data
 (Thousands, except per share)
 (Unaudited)
 Three months ended
 March 31, March 31,
 1992 1991
 Operations data
 Sales $1,180,015 $704,200
 Income (loss) before
 non-operating items 139,388 (32,313)
 Net income (loss) $121,496 ($48,301)
 Net income (loss) per share $.02 ($.01)
 Three months Year
 ended ended
 March 31, Dec. 31,
 1992 1991
 (unaudited)
 Balance Sheet Data
 Working capital $1,021,037 $680,948
 Total assets 3,876,533 2,526,501
 Long-term debt 637,266 576,989
 Total shareholders' equity 2,161,076 1,036,921
 -0- 5/12/92
 /CONTACT: Michael D. Bick, Ph.D., CEO, 805-654-0643, or Andrew Cerskus, Ph.D. president, 416-332-9419 (in Canada), both of Biopool International; or Roger Pondel or Kim Feazle of Pondel Parsons & Wilkinson, 310-207-9300, for Biopool International/
 (BIPL) CO: Biopool International Inc. ST: California IN: HEA SU: ERN


JL-EH -- LA007 -- 8967 05/12/92 09:06 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:May 12, 1992
Words:363
Previous Article:AAMES RECEIVES LETTER OF INTEREST FROM FINANCIAL GUARANTY
Next Article:WESTERN WASTE ANNOUNCES THIRD QUARTER RESULTS
Topics:


Related Articles
BIOPOOL REPORTS SECOND CONSECUTIVE PROFITABLE QUARTER
BIOPOOL'S PROFITABILITY CONTINUES WITH THIRD QUARTER RESULTS
BIOPOOL REPORTS RECORD YEAR-END RESULTS
BIOPOOL REPORTS FIRST QUARTER RESULTS AND FIFTH CONSECUTIVE PROFITABLE QUARTER
BIOPOOL POSTS SECOND QUARTER OPERATING RESULTS
BIOPOOL REPORTS THIRD QUARTER RESULTS
BIOPOOL REPORTS YEAR-END RESULTS
BIOPOOL REPORTS FIRST QUARTER RESULTS; EARNINGS UP THREEFOLD
BIOPOOL INTERNATIONAL REPORTS RECORD SALES FOR FIRST QUARTER 1995
BIOPOOL INTERNATIONAL REPORTS RECORD SALES AND EARNINGS FOR SECOND QUARTER 1995

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters